8-Unit Mixed-Use Apartment
For Sale
$800,000
400 N POTOMAC Street, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size8,524 SF
Lot Size0.26 Acres
Price / SF$93.85
Days on Market16
Property Features for 400 N POTOMAC Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Driveway, Garage - Attached
High school
NORTH HAGERSTOWN
Elementary school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district
WASHINGTON COUNTY PUBLIC SCHOOLS
High school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
8,524 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
14313
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1903
Number of units
4
Building materials
Concrete, Stone, Block
Architectural style
Colonial
Listing Agency:
RG Realty, Inc.
(240) 203-6393
Listed By:
Roberto G. Gonzalez · License #598229
(301) 991-0207
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 26 at 9:06PM
MLS# MDWA2039250
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.
Investment Insights
Based on property information with market context.
This 8,524-square-foot mixed-use property contains seven one-bedroom, one-bathroom apartments and one ground-floor commercial space. The building dates to 1903 and features concrete, stone, and block construction, a Colonial architectural style, hot-water heating, central air, an attached garage, and driveway parking. Professional third-party management is in place.
The property is 87.5% occupied, with 7 of 8 units and spaces leased. Capital improvements include a recently replaced roof and new replacement windows throughout. One vacant unit is available for qualified, prequalified buyers to tour, while access to occupied units is limited until ratification and the feasibility and due diligence period.
The parcel contains 0.2571 acres in Hagerstown, Maryland. Underwriting reflects a 6.66% capitalization rate based on the stated operating assumptions.
The property is 87.5% occupied, with 7 of 8 units and spaces leased. Capital improvements include a recently replaced roof and new replacement windows throughout. One vacant unit is available for qualified, prequalified buyers to tour, while access to occupied units is limited until ratification and the feasibility and due diligence period.
The parcel contains 0.2571 acres in Hagerstown, Maryland. Underwriting reflects a 6.66% capitalization rate based on the stated operating assumptions.
Key Highlights
- 8,524‑square‑foot mixed‑use property with 7 apartments and 1 ground‑floor commercial space
- Seven one‑bedroom, one‑bathroom apartments
- 87.5% occupied, with 7 of 8 units and spaces leased
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
Explore this area
Business Placement
Demographics for 21740, MD
65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven one-bedroom apartments accompany a ground-floor commercial space under third-party management.
Where is this apartment building located?
The property is located at 400 N POTOMAC Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 8,524‑square‑foot mixed‑use property with 7 apartments and 1 ground‑floor commercial space; Seven one‑bedroom, one‑bathroom apartments; 87.5% occupied, with 7 of 8 units and spaces leased
