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    575 Dunn Irvin Dr Hagerstown, MD 21740

    For Sale
    $599,000

    Value-add multifamily property in Hagerstown with upside potential.

    Lot size:
    0.46 Acres

    Property Features for 575 Dunn Irvin Dr

    General Information

    Lot size
    0.46 Acres

    Building Details

    Year built
    1900

    Source: AMR Commercial, LLC Agent John C Alexander

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hagerstown Multifamily Investment Opportunity

    This multifamily property presents a value-add investment opportunity. There is potential to increase rents to market rates and to generate income from the sixth unit. The property is centrally located in Hagerstown, offering convenient access to various retail and entertainment options. It is situated near Hagerstown City Park, the newly constructed Meritus Park minor-league stadium, and is approximately one mile from the Hagerstown Premium Outlets.
    Location Intelligence

    Current Use by Public Records

    Surrey School School

    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
    -77.7309746
    Latitude
    39.6328757

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    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily property in Hagerstown with upside potential.
    Where is this apartment building located?
    The property is located at 575 Dunn Irvin Dr Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Opportunity to increase rental income by charging rent on the vacant 6th unit.; - Below-market rents offer significant potential for increased revenue.; - Centrally located in Hagerstown, providing convenient access to retail and entertainment.
    (301) 961-9696
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    575 Dunn Irvin Dr 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
    575 Dunn Irvin Dr Hagerstown, MD 21740
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