Brick 10-Unit Mixed-Use
154-158S Potomac Hagerstown, MD 21740
154-158S Potomac, Hagerstown, MD, 21740
$1,400,000
For Sale
$1,400,000
All-brick four-story building with 9 residential units and 1 commercial unit, each separately metered for electric.
Property Size12,736 SF
Lot Size0.22 Acres
Price / SF$109.92
Days on Market25
Property Features for 154-158S Potomac
General Information
- Standard status
- Active
- Size
- 12,736 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
RG Realty,Inc.
(240) 203-6393
Listed by
Roberto G. Gonzalez · License #598229
Source
Deepcreeklake
Added: Jun 28 Updated: Jul 21 at 5:04AM Checked: Jul 21 at 5:04AM
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 is a four-story, all-brick 10-unit apartment building with a freestanding 3-bay garage on site. The property includes a mix of nine residential units and one commercial unit, with separate electric metering for all units. Unit mix consists of five three-bedroom units and three one-bedroom units, plus one two-bedroom unit. A detached 3-bay garage provides additional space that may be used for value-added income or storage, depending on the tenant and operating plan.
The property is located in Hagerstown’s arts and entertainment district on a 0.22-acre parcel. It is described as being just blocks from a multi-use sports and events facility, the University of Maryland Hagerstown campus, and the Washington County Library.
Zoning is listed as CC-MU (City Center - Mixed Use), supporting long-term flexibility for ownership and operating strategy. The building is fully leased, providing current occupancy across the 10 units and the on-site commercial space.
The property is located in Hagerstown’s arts and entertainment district on a 0.22-acre parcel. It is described as being just blocks from a multi-use sports and events facility, the University of Maryland Hagerstown campus, and the Washington County Library.
Zoning is listed as CC-MU (City Center - Mixed Use), supporting long-term flexibility for ownership and operating strategy. The building is fully leased, providing current occupancy across the 10 units and the on-site commercial space.
Key Highlights
- All‑brick four‑story 10‑unit building (9 residential, 1 commercial) plus a freestanding 3‑bay garage
- Unit mix: 5 units 3BR/1BA, 3 units 1BR/1BA, 1 unit 2BR/1BA, and 1 commercial unit
- Each unit has separate electric meters
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
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $119,863 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.47M – $3.30M
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
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FAQs
What type of property is this?
Apartment building - All-brick four-story building with 9 residential units and 1 commercial unit, each separately metered for electric.
Where is this apartment building located?
The property is located at 154-158S 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: All‑brick four‑story 10‑unit building (9 residential, 1 commercial) plus a freestanding 3‑bay garage; Unit mix: 5 units 3BR/1BA, 3 units 1BR/1BA, 1 unit 2BR/1BA, and 1 commercial unit; Each unit has separate electric meters
