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Three-Unit Triplex
New
For Sale
$295,000

628 N PROSPECT St, Hagerstown, MD 21740

Two apartments are vacant, and tenants pay their own electric service.

Property Size2,992 SF
Days on Market3

Property Features for 628 N PROSPECT St

General Information

Standard status Active
Size 2,992 SF
Property subtype Investment

Property Condition

Severity Repairs Needed
Evidence needs TLC

Units

Unit Mix 2 x 1BR, 1 x 3BR
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $4,028

Building Details

Building Size 2,992 SF
Year Built 1907
Buildings 1
Units 3
Listing Agency: CES Properties, LLC.
Listed By: Michael E Stanford · License #631295
Source: Elliman
Added: Oct 4 Last Checked: Oct 5 at 7:37PM

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 CES Properties, LLC.

Investment Insights

Based on property information with market context.

Built in 1907, this triplex contains three apartments: two one-bedroom units and an end unit with three bedrooms. Two apartments are vacant, and the property needs work. Tenants pay their own electric service.

The building is at 628 N Prospect St in Hagerstown, Maryland.

Key Highlights

  • Three apartments: two one‑bedroom units and one three‑bedroom end unit
  • Two units are vacant
  • Tenants pay their own electric service

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Florist Acupuncture Clothing & Fashion Store Skin Care Clinic

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

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

848
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
View Realmo Analytics

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?
Triplex - Two apartments are vacant, and tenants pay their own electric service.
Where is this triplex located?
The property is located at 628 N PROSPECT St Hagerstown, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three apartments: two one‑bedroom units and one three‑bedroom end unit; Two units are vacant; Tenants pay their own electric service
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