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    37-A S Colonial Dr Hagerstown, MD 21740

    For Sale
    $389,900

    MULTI_FAMILY - Colonial - HAGERSTOWN, MD

    Property size:
    2,448 SF
    Lot size:
    0.41 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 37-A S Colonial Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    4
    Parking features
    Driveway
    Interior features
    Ceiling Fan(s), Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Window Treatments, Wood Floors
    Appliances
    Built-In Microwave, Dishwasher, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, WaterHeater
    Size
    2,448 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2004
    Number of units
    2
    Building materials
    Stick Built, Vinyl Siding
    Architectural style
    Colonial

    CENTURY 21 Market Professionals (301) 671-4663 [email protected]

    Listing agent Michael R Draper (301) 671-4663 License #519453

    Listing date Nov 3, 2025

    MLS# MDWA2032556 Listing URL

    Copyright © 2025 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.

    Overview

    Well-Kept Hagerstown Duplex Investment

    This well-kept investment property in Hagerstown, MD, is ready for new ownership. Constructed in 2004, the property features two units, each with 3 bedrooms and 1.5 bathrooms. Each unit includes a full walk-out basement with laundry areas, offering the potential for additional finished living space and increased rental income. The property has been under the same ownership since its construction. The units have a history of long-term renters, making them easy to rent and maintain. Current rents are $1575 per side, with new tenants occupying the units on 12-month leases. Tenants are responsible for electric, water, and sewer charges, while rent covers lawn care, trash, and recycling services. Recent updates include a new roof planned for 2025, a new front concrete porch and columns installed in 2024, improved and stained decks planned for 2025, a new central air system in unit B planned for 2025, and a new hot water heater in unit A planned for 2025. Central air was replaced in unit A several years ago. The units also feature updated appliances and fresh paint throughout, completed within the past 4 weeks. The property includes paved off-street parking and is situated on a 0.41-acre lot. The property is conveniently located near Rt.40, I-70, and major shopping and employment centers. The building size is 2448 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.70386
    Latitude
    39.63022

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    FAQs

    What type of property is this?
    Duplex - Investment property with two 3-bedroom units, long-term rental history.
    Where is this duplex located?
    The property is located at 37-A S Colonial Dr Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: - Investment property featuring two 3-bedroom, 1.5-bathroom units, offering immediate rental income.; - Full walk-out basements offer potential for finishing and increased rental income.; - Recent updates include a new roof (2025), front porch (2024), and improved decks (2025). New central air and hot water heater in one unit (2025).
    (301) 671-4663
    Request Owner's contact information
    37-A S Colonial Dr Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37-A S Colonial Dr Hagerstown, MD 21740
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