Brick Duplex with Parking
For Sale
$224,995
141 S MULBERRY Street, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size2,112 SF
Lot Size0.07 Acres
Price / SF$106.53
Days on Market229
Property Features for 141 S MULBERRY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Parking Lot
Elementary school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district
WASHINGTON COUNTY PUBLIC SCHOOLS
High school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,112 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3033
Utilities
Heating system
Electric (Heating), Baseboard, Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1908
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Realty Advantage
(304) 901-4886
Listed By:
Megan E Pantalena · License #5022553
(304) 671-2881
Added: Feb 18
Changed: Sep 16
Last Checked: Oct 5 at 11:06PM
MLS# MDWA2034320
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied duplex at 141 S Mulberry Street in Hagerstown provides 2,112 finished square feet on a 0.07-acre parcel. Built in 1908, the property features brick construction, a parking lot, forced-air and electric heating with baseboard components, and window-unit cooling. Tenants are responsible for utilities, with utility reimbursement reported separately in the property information.
The property is positioned near shopping, dining, commuter routes, and downtown Hagerstown amenities. Rental licensing, lead certification requirements, income, expenses, and permitted use should be independently verified by the buyer.
The property is positioned near shopping, dining, commuter routes, and downtown Hagerstown amenities. Rental licensing, lead certification requirements, income, expenses, and permitted use should be independently verified by the buyer.
Key Highlights
- Fully occupied duplex at 141 S Mulberry Street, Hagerstown, MD 21740
- 2,112 finished square feet
- 0.07‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,877
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,540
$397.5K
Cap Rate 7%
$283,957
$284.0K
Cap Rate 9%
$220,856
$220.9K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$38.8K $18.36/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$36.1K $17.11/SF
− OpEx
−$16.3K −$7.70/SF
NOI
$19.9K $9.41/SF
Area
Washington County, MD
Vacancy
6.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,540
Cap Rate 7%
$283,957
Cap Rate 9%
$220,856
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.3K
NOI $19,877 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$468.5K
$409.9K – $546.6K
NOI $32,794 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with brick construction, on-site parking, and access to shopping, dining, commuter routes, and downtown amenities.
Where is this duplex located?
The property is located at 141 S MULBERRY Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $224,995.
What are key features of this property?
This property features: Fully occupied duplex at 141 S Mulberry Street, Hagerstown, MD 21740; 2,112 finished square feet; 0.07‑acre lot
