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Brick Six-Unit Apartment Building
New
For Sale
$525,000

115 KING St, Hagerstown, MD 21740

Historic multifamily asset with a one- and two-bedroom mix, detached garage, and full occupancy.

Property SizeContact for details
Days on Market5

Property Features for 115 KING St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $4,896

Building Details

Year Built 1894
Units 6
Listing Agency: HAGERSTOWN MANAGEMENT CORPORATION
Listed By: Craig P Harshman · License #10751
Source: Elliman
Added: Sep 11 Last Checked: Sep 14 at 9:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HAGERSTOWN MANAGEMENT CORPORATION

Investment Insights

Based on property information with market context.

This brick multifamily property contains 6 apartments in a building constructed in 1894. The unit mix includes 4 one-bedroom apartments and 2 two-bedroom apartments. Interior finishes include hardwood, carpet, and vinyl flooring, while a detached garage provides space for two vehicles. The property sits on a 0.13-acre lot and has a city view.

Located at 115 - King St in Hagerstown, MD 21740, the building is fully occupied. Owner-paid utilities include gas, heat, and water. The historic construction, established apartment configuration, and separate garage define the property’s physical profile.

Key Highlights

  • 6‑unit brick apartment building built in 1894
  • Unit mix includes 4 1‑bedroom and 2 2‑bedroom apartments
  • 0.13‑acre lot with a city view

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Florist Dental Office Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,912
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic multifamily asset with a one- and two-bedroom mix, detached garage, and full occupancy.
Where is this apartment building located?
The property is located at 115 KING St Hagerstown, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 6‑unit brick apartment building built in 1894; Unit mix includes 4 1‑bedroom and 2 2‑bedroom apartments; 0.13‑acre lot with a city view
More about this property
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