Hagerstown Duplex with Rental
For Sale
$284,900
904 - 906 CHESTNUT Street, Hagerstown, MD 21740
MULTI_FAMILY - Colonial - HAGERSTOWN, MD
Property Size1,724 SF
Lot Size0.26 Acres
Price / SF$165.26
Days on Market67
Property Features for 904 - 906 CHESTNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Driveway, Garage - Detached, On Street
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
1,724 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
3441
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1938
Number of units
2
Building materials
Aluminum Siding
Architectural style
Colonial
Listing Agency:
The Glocker Group Realty Results
(301) 745-4400
Listed By:
Christian L Dickerson · License #602651
(301) 992-8467
Added: May 26
Changed: Jul 13
Last Checked: Jul 31 at 3:06AM
MLS# MDWA2037256
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 fully rented up-and-down duplex in Hagerstown, MD, presents an excellent investment opportunity in a prime location. The property features two 2-bedroom, 1-bath units, each with separate electric meters. A detached 2-car garage is also included. Unit 904 currently rents for $950 per month, while Unit 906 is rented below market value at $800 per month, suggesting potential for increased cash flow. Property improvements include replacement windows and an upgraded 200-amp electrical panel. Situated on a 0.2583-acre lot, the property offers 1724 square feet of living space. This residential income property represents a solid addition to any investment portfolio, offering stable income and future growth opportunities. The property has a strong rental history. The property is located at 904 - 906 CHESTNUT Street, HAGERSTOWN, MD 21740.
Key Highlights
- Fully rented up‑and‑down duplex with two 2‑bedroom, 1‑bath units and separate electric meters
- Detached 2‑car garage plus driveway and on‑street parking
- Unit 904 rents for $950/month; Unit 906 rents for $800/month
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 |
1,724 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.3K
$226.1K – $301.4K
NOI $18,084 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$231.8K
$202.8K – $270.4K
NOI $16,225 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$382.4K
$334.6K – $446.2K
NOI $26,769 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
525
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?
Duplex - Fully rented duplex with income and upside potential.
Where is this duplex located?
The property is located at 904 - 906 CHESTNUT Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Fully rented up‑and‑down duplex with two 2‑bedroom, 1‑bath units and separate electric meters; Detached 2‑car garage plus driveway and on‑street parking; Unit 904 rents for $950/month; Unit 906 rents for $800/month
