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About the Listing EXXP1 - 66577
Exceptional Investment Opportunity – Fully Updated 3-Unit Property with Garages & Strong Rental History! Welcome to 263 B, a well-maintained three-unit multifamily property offering immediate income potential and long-term value. The main house (263 B) has been completely remodeled and is ideal for an owner-occupant or premium rental. The main residence features luxury vinyl plank flooring, a beautifully updated kitchen with electric stove, refrigerator, microwave, and dishwasher conveying, and the convenience of a main-level laundry room. With 2 bedrooms, 1 full bath, a separate dining room, and both front and side porches, this unit offers comfort and functionality. An unfinished basement provides excellent storage space, while driveway parking and a 3-car garage add significant value. Located at the rear of the property are two additional income-producing units, both with long-term tenants already in place: Unit 263 A features 2 bedrooms and 1 full bath, electric baseboard heat, and a welcoming living room with a wood-burning fireplace. Flooring includes carpet in one bedroom, bamboo flooring in the second, and tile in the kitchen and bath. This tenant has resided in the property for 4–5 years and currently pays $700/month. Unit 263 A – Suite #2, remodeled in 2017, offers 1 bedroom and 1 full bath, baseboard heat, and a tenant who has been in place for 7 years, providing stability and consistent income. The owner pays water for the two rear units, and the 3-car garage below is currently used as tenant storage and is not included in rental income, offering future upside potential. Additional updates include vinyl replacement windows, a new exterior door, and architectural shingles on the main house, enhancing both curb appeal and durability. This property is a rare opportunity to live in one unit while generating rental income, or to add a solid, well-maintained asset to your investment portfolio. Strong tenant history, multiple updates, and flexible income potential make this one you don’t want to miss! Call today to schedule a tour! 24 hour noticed required for the rear apartments! Main house is vacant!
Listing Highlights
Status
Active With Contingency
Days on Site
25
Property Type
Multi-Family
MLS ®
MDAL2013686
Year Built
1900
Total Square Footage
1,472
Lot/Acreage
0.27
County
Allegany
School District
Allegany County Public Schools
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Microwave
- Air Cond:
- Heating: Baseboard - Electric,Forced Air
- Fireplaces:
- Floor: Laminate Plank,Carpet,Tile/Brick
- Above Ground Sq Ft: 1472
- Below Ground Sq Ft: 0
- Basement: Connecting Stairway,Full,Outside Entrance,Space For Rooms,Unfinished
- Other: Carpet,Floor Plan - Open,Formal/Separate Dining Room,Walk-in Closet(s)
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 3 car
- Parking Spaces: 6
- Zoning: RESIDENTIAL
- Roof: Architectural Shingle
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: Garage - Side Entry,Driveway,Attached Garage,On Street,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $1,323
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
263 National Hwy Lavale, MD 21502
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