Three-Unit Apartment
For Sale
$279,000
106 RANDOLPH Avenue, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size1,998 SF
Lot Size0.02 Acres
Price / SF$139.64
Days on Market126
Property Features for 106 RANDOLPH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Middle school
NORTHERN
High school
NORTH HAGERSTOWN
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
1,998 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
Listed By:
Roberto G. Gonzalez · License #598229
(301) 991-0207
Added: Jun 3
Changed: Sep 16
Last Checked: Oct 6 at 3:06AM
MLS# MDWA2037470
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.
Located at 106 Randolph Avenue in Hagerstown, this three-unit residential property contains 1,998 square feet and was built in 1920. The building is constructed of block and includes three apartments, each configured with one bedroom and one bathroom. All three units are currently occupied, providing an established rental setup for the property.
The parcel measures 0.0204 acres, with on-street parking available. Each unit has passed lead paint testing, and rental licensing documentation is in place. The straightforward unit configuration offers consistent physical characteristics across the building, while the existing occupancy and documented compliance support continued residential use.
The parcel measures 0.0204 acres, with on-street parking available. Each unit has passed lead paint testing, and rental licensing documentation is in place. The straightforward unit configuration offers consistent physical characteristics across the building, while the existing occupancy and documented compliance support continued residential use.
Key Highlights
- Three 1‑bedroom, 1‑bathroom apartments
- 1,998 square feet on a 0.0204‑acre lot
- Fully occupied three‑unit property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,958
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,160
$419.2K
Cap Rate 7%
$299,400
$299.4K
Cap Rate 9%
$232,867
$232.9K
Market Conditions
NOI Build-Up for 1,998 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$29.9K $14.99/SF
− OpEx
−$9.0K −$4.50/SF
NOI
$21.0K $10.49/SF
Area
Washington County, MD
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,160
Cap Rate 7%
$299,400
Cap Rate 9%
$232,867
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,931
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased apartments feature a consistent one-bedroom, one-bathroom layout with documented rental licensing.
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: Three 1‑bedroom, 1‑bathroom apartments; 1,998 square feet on a 0.0204‑acre lot; Fully occupied three‑unit property
