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    701 W Washington St Hagerstown, MD 21740

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    For Sale
    $240,000

    Two-unit property with rental income potential in downtown Hagerstown.

    Lot size:
    0.27 Acres

    Property Features for 701 W Washington St

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1900

    Source: L. P. Calomeris Realty Agent Petros Demetrios Calomeris

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

    Overview

    Income-Generating Duplex in Downtown Hagerstown

    This two-unit property at 701 West Washington Street offers an investment opportunity with separate electric meters for each unit. Each unit includes 2 bedrooms and 1 full bathroom. The upper unit is currently rented for $1,250 per month, providing immediate income. The lower unit is posted for rent at $1,100 per month and is in the process of being filled. The main level features a bright living room, a cozy dining room, and a fully functional kitchen. The upper level offers a second unit with privacy and flexibility. Additional features include a detached one-car garage, alley access, and rear parking for added convenience. The property is sold as-is and move-in ready, presenting an opportunity to own an income-generating property in downtown Hagerstown.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -77.7326472
    Latitude
    39.6462133

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with rental income potential in downtown Hagerstown.
    Where is this duplex located?
    The property is located at 701 W Washington St Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Income-generating two-unit property with separate electric meters.; - Upper unit currently rented for $1,250/month, providing immediate income.; - Lower unit available for rent, projected income of $1,100/month.
    (301) 606-7992
    Request Owner's contact information
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    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
    701 W Washington St Hagerstown, MD 21740
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