Colonial Duplex with Fully Rented
836 Hamilton Boulevard Hagerstown, MD 21742
For Sale
$450,000
Pending
Well-maintained colonial duplex offers fully rented one- and three-bedroom units with separate gas and electric meters.
Property Size1,624 SF
Days on Market112
Property Features for 836 Hamilton Boulevard
General Information
Standard status
Pending
Size
1,624 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1913
Listing Agency:
Mackintosh , Inc.
(301) 800-9065
Listed By:
Brian Richards · License #661852
(301) 800-9065
Source:
Compass
Added: Apr 7
Changed: Jul 23
Last Checked: Jul 26 at 12:26PM
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 Mackintosh , Inc.
Investment Insights
Based on property information with market context.
This well-maintained Colonial duplex is offered as a package with both sides (836 and 838) being sold together. Side 838 includes (2) one-bedroom units that share heat and laundry, plus (1) three-bedroom unit. All units are fully rented.
The property is located in Hagerstown and is within city limits in Washington County. The listing references Washington County Public Schools for the school district.
The duplex configuration features separate gas meters for each side and individual electric meters for each unit, supporting independent utility metering across the building.
The property is located in Hagerstown and is within city limits in Washington County. The listing references Washington County Public Schools for the school district.
The duplex configuration features separate gas meters for each side and individual electric meters for each unit, supporting independent utility metering across the building.
Key Highlights
- Well‑maintained colonial duplex with both sides (836 & 838) sold together
- Side 838 includes two 1‑bedroom units (share heat and a laundry) and one 3‑bedroom unit
- All units are fully rented
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.3k | $16.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $24.3k | $14.99 |
| − OpEx | −$7.3k | −$4.50 |
| NOI | $17.0k | $10.49 |
1,624 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.4K
$212.9K – $283.9K
NOI $17,035 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$218.3K
$191.1K – $254.7K
NOI $15,284 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$360.2K
$315.2K – $420.3K
NOI $25,217 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained colonial duplex offers fully rented one- and three-bedroom units with separate gas and electric meters.
Where is this duplex located?
The property is located at 836 Hamilton Boulevard Hagerstown, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑maintained colonial duplex with both sides (836 & 838) sold together; Side 838 includes two 1‑bedroom units (share heat and a laundry) and one 3‑bedroom unit; All units are fully rented
