17-Unit Apartment
For Sale
$2,700,000
15149 Bloyers Avenue, Hagerstown, MD 21740
Four buildings offer a mix of apartment units and a single-family home, with upgraded interiors and paved parking.
Property Size9,859 SF
Price / SF$273.86
Days on Market33
Property Features for 15149 Bloyers Avenue
General Information
Standard status
Active
Size
9,859 SF
Property subtype
Multi-family
Occupancy
100%
Lease Term
[]
Units
Unit Mix
8 x Two-Bedroom Units, 8 x One-Bedroom Units, 1 x Four-Bedroom Single-Family Home
Multifamily Units
17
Building Details
Year Built
1973
Buildings
4
Listing Agency:
RG Realty,Inc.
Listed By:
Krystal Stewart · License #679847
(813) 323-0463
Source:
Deepcreeklake
Added: Sep 8
Changed: Oct 10
Last Checked: Oct 10 at 1:45AM
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 RG Realty,Inc.
Investment Insights
Based on property information with market context.
This 17-unit apartment property comprises four buildings and 9,859 square feet. The unit mix includes eight two-bedroom apartments, eight one-bedroom apartments, and one four-bedroom single-family home. Built in 1973, the property is fully occupied and professionally managed. Improvements include updated kitchens, LED recessed lighting, waterproof laminate flooring, refreshed trim, a new septic system, and paved parking. Metal roofs were installed on all buildings and carry a 30-year warranty. The property also has lead-free certification.
Situated in the county, the property has no city taxes. Its setting is described as providing access to regional amenities and commuter routes.
Situated in the county, the property has no city taxes. Its setting is described as providing access to regional amenities and commuter routes.
Key Highlights
- 17 units across four buildings; 9,859 square feet
- Unit mix: eight two‑bedroom units, eight one‑bedroom units, and one four‑bedroom single‑family home
- 100% occupied and professionally managed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,786
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,855,720
$1.9M
Cap Rate 7%
$1,325,514
$1.3M
Cap Rate 9%
$1,030,956
$1.0M
Market Conditions
NOI Build-Up for 9,859 SF
Gross rent
$181.0K $18.36/SF
− Vacancy
−$12.3K −$1.25/SF
EGI
$168.7K $17.11/SF
− OpEx
−$75.9K −$7.70/SF
NOI
$92.8K $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%
$1,855,720
Cap Rate 7%
$1,325,514
Cap Rate 9%
$1,030,956
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,786 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,086 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
17
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
34
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?
Apartment building - Four buildings offer a mix of apartment units and a single-family home, with upgraded interiors and paved parking.
Where is this apartment building located?
The property is located at 15149 Bloyers Avenue Hagerstown, MD.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 17 units across four buildings; 9,859 square feet; Unit mix: eight two‑bedroom units, eight one‑bedroom units, and one four‑bedroom single‑family home; 100% occupied and professionally managed
