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    Hagerstown Duplex with Rental Income Title is generated by Realmo AI

    904 - 906 CHESTNUT Street, Hagerstown, MD 21740

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    For Sale
    $284,900

    MULTI_FAMILY - Colonial - HAGERSTOWN, MD

    Property size:
    1,724 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $165/SF
    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

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    Listing Contact
    Christian L Dickerson

    Listing agent Christian L Dickerson License #602651

    Listing office The Glocker Group Realty Results 17339 VIRGINIA Avenue, HAGERSTOWN, MD

    Listing date May 26, 2026

    MLS# MDWA2037256 Listing URL

    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

    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.

    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
    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 (±1% cap)
    NOI $18,084 @ 7.0% cap · market cap 6.35%
    Second Best
    Apartment 5plus
    $231.8K
    $202.8K – $270.4K (±1% cap)
    NOI $16,225 @ 7.0% cap · market cap 5.69%
    Theoretical Best
    Office A
    $382.4K
    $334.6K – $446.2K (±1% cap)
    NOI $26,769 @ 7.0% cap · market cap 9.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.73079
    Latitude
    39.62724

    FAQs

    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 (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
    More about this property
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