Three-Unit Apartment
106 RANDOLPH Avenue Hagerstown, MD 21740
106 RANDOLPH Avenue, Hagerstown, MD, 21740
$279,000
For Sale
$279,000
MULTI_FAMILY - HAGERSTOWN, MD
Property Size1,998 SF
Lot Size0.02 Acres
Price / SF$139.64
Days on Market48
Property Features for 106 RANDOLPH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,998 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2573
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Block
Listing Agency
RG Realty, Inc.
(240) 203-6393
12907 Oak Hill Avenue, SMITHSBURG, MD
Listed by
Roberto G. Gonzalez · License #598229
(301) 991-0207
Added: Jun 3 Updated: Jun 15 at 10:03 am Checked: Jul 20 at 8:06 pm
MLS# MDWA2037470
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.
Investment Insights
Based on property information with market context.
This offering is a fully occupied, three-unit multifamily property featuring three separate one-bedroom, one-bathroom apartments. Each unit is currently rented, supporting immediate in-place occupancy for an owner. The overall unit mix is simple, which can streamline day-to-day leasing and property management.
The property is located at 106 Randolph Avenue in Hagerstown, Maryland, within Washington County (21740). The listing identifies that the apartments have passed lead paint testing, and that rental licensing documentation is in place. A 24-hour notice is requested for showings.
For investors seeking a straightforward, low-complexity residential income asset, this three-unit structure offers consistent rent collection tied to fully leased units. The presence of lead paint testing completion and existing rental licensing documentation may be helpful for buyers reviewing compliance steps as part of their acquisition process. With all units already occupied, the property may appeal to buyers looking to transition from acquisition to operations without needing to lease vacant spaces first.
The property is located at 106 Randolph Avenue in Hagerstown, Maryland, within Washington County (21740). The listing identifies that the apartments have passed lead paint testing, and that rental licensing documentation is in place. A 24-hour notice is requested for showings.
For investors seeking a straightforward, low-complexity residential income asset, this three-unit structure offers consistent rent collection tied to fully leased units. The presence of lead paint testing completion and existing rental licensing documentation may be helpful for buyers reviewing compliance steps as part of their acquisition process. With all units already occupied, the property may appeal to buyers looking to transition from acquisition to operations without needing to lease vacant spaces first.
Key Highlights
- 3‑unit multifamily at 106 Randolph Avenue in Hagerstown, fully occupied with all units currently rented
- Unit mix: three 1‑bedroom, 1‑bath apartments
- Year built: 1920; construction materials include block
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 | $32.4k | $16.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $29.9k | $14.99 |
| − OpEx | −$9.0k | −$4.50 |
| NOI | $21.0k | $10.49 |
1,998 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,958 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$268.6K
$235.1K – $313.4K
NOI $18,804 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,024 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully rented three-unit multifamily property with three one-bedroom units and existing rental documentation.
Where is this triplex located?
The property is located at 106 RANDOLPH Avenue Hagerstown, MD.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 3‑unit multifamily at 106 Randolph Avenue in Hagerstown, fully occupied with all units currently rented; Unit mix: three 1‑bedroom, 1‑bath apartments; Year built: 1920; construction materials include block
