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    104 Baltimore St Hagerstown, MD 21740

    For Sale
    $459,900

    Six-unit brick building, high occupancy, strong rental income.

    Property size:
    4,287 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents a six-unit multi-family property ideally situated in downtown Hagerstown, MD, near the vibrant arts district. The property consists of a solid brick structure encompassing two buildings, 104 and 106 East Baltimore Street, each with three units. The total square footage is 4,287, situated on a 0.1-acre lot. The building boasts a newer roof, installed in 2004, and features steel emergency exit stairs, enhancing safety and compliance. Currently, five of the six units are occupied, generating consistent rental income. The sixth unit is typically rented for $750 per month, presenting immediate potential for increased revenue upon vacancy. Low utility costs for the owner are a significant advantage, with tenants responsible for their own electricity and heating. The partially finished basement offers potential for the addition of coin-operated laundry facilities, further increasing income streams. This property represents a compelling investment opportunity in a desirable location with strong rental demand and the potential for value appreciation. The solid construction and recent updates ensure long-term stability and minimal maintenance requirements. The property's proximity to the arts district adds to its appeal, attracting a diverse and stable tenant base. This is a turnkey investment ready for a new owner to capitalize on its existing income and future potential. The asking price is $459,900.

    Property Features for 104 Baltimore St

    General Information

    Property type
    Residential income properties
    Square Feet
    4,287 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1913
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    -77.71978
    Latitude
    39.63807

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    FAQs

    What type of property is this?
    Residential income property - Six-unit brick building, high occupancy, strong rental income.
    Where is this residential income property located?
    The property is located at 104 Baltimore St Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $459,900.
    (301) 790-1810
    Request Owner's contact information
    104 Baltimore St Hagerstown, MD 21740
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    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
    104 Baltimore St Hagerstown, MD 21740
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