106 RANDOLPH Avenue, Hagerstown, MD 21740
MULTI_FAMILY - HAGERSTOWN, MD
- Added:
- Jun 3, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 16 at 3:06 pm
Property Features for 106 RANDOLPH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,998 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2573
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Block
Listing agent Roberto G. Gonzalez License #598229 (301) 991-0207
Listing office RG Realty, Inc. 12907 Oak Hill Avenue, SMITHSBURG, MD (240) 203-6393
Listing date Jun 3, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3‑unit multifamily at 106 Randolph Avenue in Hagerstown, fully occupied with all units currently rented
- Unit mix: three 1‑bedroom, 1‑bath apartments
- Year built: 1920; construction materials include block
- All units have passed lead paint testing and rental licensing documentation is in place
- On‑street parking
- 24 hours notice required to view the property
Overview
The property is located at 106 Randolph Avenue in Hagerstown, Maryland, within Washington County (21740). The listing identifies that the apartments have passed lead paint testing, and that rental licensing documentation is in place. A 24-hour notice is requested for showings.
For investors seeking a straightforward, low-complexity residential income asset, this three-unit structure offers consistent rent collection tied to fully leased units. The presence of lead paint testing completion and existing rental licensing documentation may be helpful for buyers reviewing compliance steps as part of their acquisition process. With all units already occupied, the property may appeal to buyers looking to transition from acquisition to operations without needing to lease vacant spaces first.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $16.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $29.9k | $14.99 |
| − OpEx | −$9.0k | −$4.50 |
| NOI | $21.0k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.71452
- Latitude
- 39.64466
