For Sale
$435,000
113 117 119 FAIRGROUND Avenue, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size1,610 SF
Lot Size0.13 Acres
Price / SF$270.19
Days on Market85
Property Features for 113 117 119 FAIRGROUND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
4
Parking features
Garage - Detached, Off Street, 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
1,610 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2976
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
CENTURY 21 New Millennium · Century 21 Real Estate
(301) 519-8100
Listed By:
Alex Saenger · License #588365
(301) 200-1232
Added: Jul 24
Changed: Sep 17
Last Checked: Oct 16 at 1:06PM
MLS# MDWA2038866
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.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,888
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,760
$337.8K
Cap Rate 7%
$241,257
$241.3K
Cap Rate 9%
$187,644
$187.6K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$26.1K $16.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$24.1K $14.99/SF
− OpEx
−$7.2K −$4.50/SF
NOI
$16.9K $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%
$337,760
Cap Rate 7%
$241,257
Cap Rate 9%
$187,644
Alternative Uses
Best Use
Multifamily LT 5
$241.3K
$211.1K – $281.5K
NOI $16,888 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$216.5K
$189.4K – $252.5K
NOI $15,152 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$357.1K
$312.5K – $416.7K
NOI $24,999 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,241
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this duplex located?
The property is located at 113 117 119 FAIRGROUND Avenue Hagerstown, MD.
What is the asking price?
The asking price for this property is $435,000.
