816 Fairmount Ave, Cambridge, MD, 21613
About This Home
Attention Investors.! An excellent opportunity to own a two‑unit multifamily property with strong investment potential. This solid two‑unit multifamily investment property offers excellent upside for the right buyer. Each unit provides its own private entrance, separate utilities, and flexible floor plans ideal for long‑term tenants or short‑term rental strategies. The home needs repairs and updates throughout, giving investors the opportunity to add value quickly and increase rental income. Located in a convenient area close to local amenities, this property is well‑positioned for strong future returns once renovated. Perfect for contractors, seasoned investors, or anyone looking to build equity through improvement.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Foundation: Crawl Space
- Roof: Metal
- Construction materials: Vinyl Siding,Other
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 3
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 1,312
- Total interior livable area: 1,312 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 1007123450
- Zoning: R-3
- Special condition: Standard
Features
- Pool features: None
Lot
- Lot size: 2,200 sqft
Parking
- Parking features: Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Cold Wave
- Hurricane
- Heat Wave
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $606 | $7,272 |
| Home Insurance * | $63 | $756 |
| Property Taxes | $186 | $2,232 |
| Electricity | $281 | $3,374 |
| Total | $1,136 | $13,632 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-04 | Listed for sale | $125,000 |
| 1998-03-05 | Sold | $15,000 |
View on Zillow