$300,000

Sold

2 months ago

20 - 18-20 Water St, Thurmont, MD

Name: 20 - 18-20 Water St, Sold in THURMONT - eXp Realty
Brand: Long &amp; Foster Real Estate, Inc.
SKU: MDFR2083954
Price: 300000 USD

House

MLS® MDFR2083954

Buyer represented by Nideen Morrison of Charis Realty Group

4 Bed

3 Bath

2988 sqft

8 Parking

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2988 sqft

Garage Yes

Taxes $6,359

Lot Size 0.1899999976158142 Acres

Approx. Age 1880

Avg. Price Per Sqft $100

MLS® Number MDFR2083954

Property Address: 20-18-20 Water St, THURMONT, MD, 21788-1912

Average square foot calculated using Size range provided by listing agent.

Description

A rare investment opportunity in Thurmont with multiple income streams and strong rental potential. This property includes two separate homes on one parcel plus eight garage spaces that can be rented individually. Once updated and made fully rentable, the combined rental potential is approximately $4, 000 per month (about $48, 000 per year). Based on projected rents and the new list price, the gross cap rate is estimated at over 11% Estimated rents: one-bedroom home at $1, 400, three-bedroom home at $1, 800, and eight garages at $100 each. Live in one home and rent out the other, or lease both properties and the garages for steady income. The property will require updates and is being sold as-is. Buyer to verify rental licenses, zoning uses, and any county requirements for occupancy. Located close to downtown Thurmont with easy access to commuter routes, schools, and shopping. A great fit for a landlord, flipper, investor, tradesperson, or an owner-occupant looking for help with the monthly payment. Unique investment opportunity with long-term upside. The main home is move-in ready, featuring spacious living areas, a main-level bedroom and full bath, two additional bedrooms upstairs, and a sitting room over the kitchen. A new washer and dryer is also located on the main level. The second home includes a large upstairs bedroom with a full bathroom. The kitchen and second full bath are located on a half-level down (both in need of full rehab). The finished lower level includes a rec room and laundry area with a newer washer and dryer. A large upper-level deck needs repair, but the lumber to rebuild it is included. Additional features include: Eight total garage bays across three structures: 4 facing the rear alley (3 currently rented month to month) 3 side garages 1 tucked beneath the rear deck Each garage bay has electric (no water)—ideal for storage, workshop use, or contractor needs Public water and sewer Boiler heat (oil), window A/C units, and electric hot water heaters (both approximately 2 years old) Located just minutes from downtown Thurmont, Route 15, Cunningham Falls State Park, and Catoctin Mountain Park, this property offers convenience, versatility, and strong potential for value growth. Property is being sold as-is. Don’t miss this one-of-a-kind opportunity with flexible use, income potential, and a prime location in Northern Frederick County. Schedule your showing today!

MLS® NumberMDFR2083954

Laundry Level

Central VacNo

FireplaceNo

Acreage0.19

Exterior

GarageYes

Approx. Age1880

BasementCombination, Improved, Interior Access, Partially Finished, Workshop, Windows

DrivewayPaved Parking, Private, Detached Garage, Attached Garage, On Street

Garage Spaces8

HeatBaseboard - Hot Water, Radiator, Oil

A/CCeiling Fan(s), Window Unit(s), Electric

Extras

Price History

Aug 13, 2026End Date

$300,000Sold Price

Sold

Jun 12, 2026List Date

$300,000List Price

Commute

Commute

Starting Address

Destination Address

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