904 - 906 CHESTNUT Street, Hagerstown, MD 21740
MULTI_FAMILY - Colonial - HAGERSTOWN, MD
- Added:
- May 26, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 15 at 4:06 pm
Property Features for 904 - 906 CHESTNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Driveway, On Street, Garage - Detached
- Standard status
- Active
- Size
- 1,724 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3441
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1938
- Number of units
- 2
- Building materials
- Aluminum Siding
- Architectural style
- Colonial
Listing agent Christian L Dickerson License #602651 (301) 992-8467
Listing office The Glocker Group Realty Results 17339 VIRGINIA Avenue, HAGERSTOWN, MD (301) 745-4400
Listing date May 26, 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
- Fully rented up‑and‑down duplex with two 2‑bedroom, 1‑bath units (Units 904 and 906)
- Separate electric meters for each unit, plus a detached 2‑car garage
- Current rents: Unit 904 at $950/month and Unit 906 at $800/month
- Upgraded 200‑amp electrical panel and replacement windows
- Detached garage and on‑street parking; driveway included
- Built in 1938 with Colonial style; aluminum siding and electric baseboard heating
Overview
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 | $27.9k | $16.20 |
| − Vacancy | −$2.1k | −$1.22 |
| EGI | $25.8k | $14.99 |
| − OpEx | −$7.8k | −$4.50 |
| NOI | $18.1k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.73079
- Latitude
- 39.62724