263 National Highway
Lavale, MD, 21502 $ 265,000
Bedrooms5 Baths0.0 Monthly Estimate*
$ 1,632
for $265,000 with 5 bedrooms. This home was built in 1900 on a lot size of 0.27.
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 45 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 dont want to miss! Call today to schedule a tour! 24 hour noticed required for the rear apartments! Main house is vacant!
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FeaturesGeneralLiving Area 1472
Sewer Public Sewer
Heating Baseboard - Electric Forced Air
Cooling None
Possession Settlement
Roof Architectural Shingle
Appliances Dishwasher Oven/Range - Electric Refrigerator Microwave
Zoning RESIDENTIAL
Garage Spaces 3.00
Architectural Style Dwelling with Rental Other
Construction Materials Vinyl Siding Block
School District ALLEGANY COUNTY PUBLIC SCHOOLS
Year Built 1900
View Mountain Street Trees/Woods
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County ALLEGANY
New Construction N
Property Type Multi-Family
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions GPS
City LAVALE
Number Of Units Total 3
MLS Area LaVale - Allegany County (MDAL4)
Lot Size Units Square Feet
Lot Size Square Feet 11561.00
Number of Units Leased 2
Tax Annual Amount 1323.0
Home Warranty Y/N N
Property Condition Excellent
Two Bedroom 2
Structure Type Detached
Price Per Sq Ft Total AG 180.03
Vacation Rental Y/N N
Lease Type Yearly Long Term
Standard Status Active
Year Built Source Assessor
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InteriorInterior Amenities Carpet Floor Plan - Open Formal/Separate Dining Room Walk-in Closet(s)
Heating Fuel Electric Natural Gas
Basement Connecting Stairway Full Outside Entrance Space For Rooms Unfinished
Flooring Laminate Plank Carpet Tile/Brick
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Window Features Vinyl Clad
Fireplace Y/N N
Central Air Y/N N
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ExteriorPool No Pool
Water Source Public
Garage Features Garage - Side Entry
Type of Parking Driveway Attached Garage On Street Off Street
Foundation Details Block Stone
Water View Y/N N
Lot Size Acres 0.27
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 28900.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList Bypamterry1971@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,632
- Monthly Property Taxes
- $110
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Lavale, MD
Average List Price $202,000
Percent of Sale Price 24%
About Lavale, MD 3,525 Population
-3% Since 2002
$ 52,150 Median Income
45.64 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
3534976 Elementary School
3534179 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/9/2026 | $265,000 | | Listed Price |