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    53 Broadway Hagerstown, MD 21740

    New
    For Sale
    $515,000

    MULTI_FAMILY - HAGERSTOWN, MD

    Property size:
    4,024 SF
    Lot size:
    0.22 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 53 Broadway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Parking Lot, Alley, On Street
    Size
    4,024 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1907
    Number of units
    4
    Building materials
    Brick, Mixed

    Mackintosh Inc., REALTORS (301) 662-0155 [email protected]

    Listing agent Mark A Pine (301) 790-1700

    Listing date Dec 12, 2025

    MLS# MDWA2032970 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

    Hagerstown Multifamily Investment Opportunity

    Located in the north end of Hagerstown, this property features a six-unit apartment building, with the potential for a seventh unit. Currently, five units are rented, and one unit is vacant and requires some work. Tenants are responsible for their individual heat and electric expenses. All units are rented below market value. The owner possesses a city license and all necessary lead certificates. Parking options include street parking and rear alley parking, with a possible option to construct a garage. The property is situated on a 0.22-acre lot. The building has 4,024 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.204309
    Latitude
    39.105488

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Hagerstown with potential for increased value.
    Where is this apartment building located?
    The property is located at 53 Broadway Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: - Six-unit apartment building (potentially seven).; - Five units currently rented, providing immediate income.; - Tenants pay for their own heat and electric.
    (301) 790-1700
    Request Owner's contact information
    53 Broadway 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
    53 Broadway Hagerstown, MD 21740
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