Brick Mixed-Use Apartment
154158 POTOMAC Hagerstown, MD 21740
For Sale
$1,400,000
Four-story, all-brick 10-unit building includes 9 residential units and 1 commercial unit with separate electric metering.
Property Size12,736 SF
Lot Size0.22 Acres
Price / SF$109.92
Days on Market24
Property Features for 154158 POTOMAC
General Information
Standard status
Active
Size
12,736 SF
Lot size
0.22 Acres
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
RG Realty, Inc.
(301) 991-0207
Listed By:
Roberto Gonzalez · License #598229
(301) 991-0207
Source:
Xome
Added: Jul 6
Changed: Jul 25
Last Checked: Jul 29 at 4:44AM
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.
A four-story, all-brick 10-unit apartment building offers a mix of 9 residential units and 1 commercial unit. Each unit is individually metered for electric. The property also includes a freestanding 3-bay garage on site.
The building is located in Hagerstown’s Arts & Entertainment District. The site is zoned CC-MU (City Center–Mixed Use), supporting long-term flexibility.
Unit mix includes five 3-bedroom / 1-bath units, three 1-bedroom / 1-bath units, and one 2-bedroom / 1-bath unit, plus one commercial unit.
The building is located in Hagerstown’s Arts & Entertainment District. The site is zoned CC-MU (City Center–Mixed Use), supporting long-term flexibility.
Unit mix includes five 3-bedroom / 1-bath units, three 1-bedroom / 1-bath units, and one 2-bedroom / 1-bath unit, plus one commercial unit.
Key Highlights
- Four‑story, all‑brick 10‑unit building with 9 residential units and 1 commercial unit
- Separate electric meters for all units (9 residential + 1 commercial)
- Unit mix: 5 units (3BD/1BA), 3 units (1BD/1BA), 1 unit (2BD/1BA), plus 1 commercial unit
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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story, all-brick 10-unit building includes 9 residential units and 1 commercial unit with separate electric metering.
Where is this apartment building located?
The property is located at 154158 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 with 9 residential units and 1 commercial unit; Separate electric meters for all units (9 residential + 1 commercial); Unit mix: 5 units (3BD/1BA), 3 units (1BD/1BA), 1 unit (2BD/1BA), plus 1 commercial unit
