Back to Search
All-Brick 10-Unit Mixed-Use Building

154-158 -s Potomac Hagerstown, MD 21740

Claim this Listing
New
For Sale
$1,400,000

Four-story all-brick 10-unit building with a detached 3-bay garage and a separate electric-metered unit mix.

Type:Commercial
Property size:
12,736 SF
Lot size:
0.22 Acres
Price / SF:
$109.92/SF
Added:
Jul 9, 2026
Days on Market:
6
Last Refresh:
Jul 14 at 2:19 am

Property Features for 154-158 -s Potomac

General Information

Standard status
Active
Size
12,736 SF
Lot size
0.22 Acres
Property subtype
Commercial

Building Details

Year Built
1900

Listing office RG REALTY, INC.

Listing date Jul 9, 2026

Source Corcoran

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.

Located on a 0.22-acre parcel, this four-story all-brick 10-unit building includes 9 residential units and 1 commercial unit. The property also features a freestanding 3-bay garage on site.

All units have separate electric meters. The building’s unit mix consists of five 3-bedroom / 1-bath units, three 1-bedroom / 1-bath units, one 2-bedroom / 1-bath unit, and one commercial unit.

The property is zoned CC-MU (City Center – Mixed Use), providing mixed-use flexibility. Public remarks state the building is fully leased.

Key Highlights

  • Four‑story, all‑brick 10‑unit building on a 0.22‑acre (9,745 SF) parcel with 12,736 SF gross building area
  • Unit mix: 9 residential units plus 1 commercial unit—includes 5 units (3 bed/1 bath), 3 units (1 bed/1 bath), and 1 unit (2 bed/1 bath) plus a commercial unit
  • All units have separate electric meters for individually metered utilities

Local Financial Insights For Apartment 5plus

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 $233.8k $18.36
− Vacancy −$15.9k −$1.25
EGI $217.9k $17.11
− OpEx −$98.1k −$7.70
NOI $119.9k $9.41
12,736 SF · lease $18.36/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use
Retail
$1.99M
$1.74M – $2.32M (±1% cap)
NOI $139,458 @ 7.0% cap · market cap 9.96%
Second Best
Apartment 5plus
$1.71M
$1.50M – $2.00M (±1% cap)
NOI $119,863 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$2.83M
$2.47M – $3.30M (±1% cap)
NOI $197,758 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Dental Office Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Pet Store Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Four-story all-brick 10-unit building with a detached 3-bay garage and a separate electric-metered unit mix.
Where is this apartment building located?
The property is located at 154-158 -s Potomac Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four‑story, all‑brick 10‑unit building on a 0.22‑acre (9,745 SF) parcel with 12,736 SF gross building area; Unit mix: 9 residential units plus 1 commercial unit—includes 5 units (3 bed/1 bath), 3 units (1 bed/1 bath), and 1 unit (2 bed/1 bath) plus a commercial unit; All units have separate electric meters for individually metered utilities
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message