Corner Mixed-Use
160-158 1/2- S POTOMAC Street Hagerstown, MD 21740
New
For Sale
$350,000
MULTI_FAMILY - Other - HAGERSTOWN, MD
Property Size2,547 SF
Lot Size0.05 Acres
Price / SF$137.42
Days on Market1
Property Features for 160-158 1/2- S POTOMAC Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Standard status
- Active
- Size
- 2,547 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1595
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
EXP Realty, LLC
(888) 860-7369
Listed By:
Yahaira Diaz · License #5010456
(240) 418-9074
Added: Jul 24
Last Checked: Jul 24 at 6:06AM
MLS# MDWA2038826
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 prominent corner mixed-use property at 160–158 1/2 S Potomac Street offers three income-producing residential apartments and one commercial storefront. The building totals 2,547 square feet and sits on a 0.0459-acre lot, providing a combined residential and retail configuration within one asset.
Set in downtown Hagerstown, the property is described as being just one block from Meritus Park, home of the Hagerstown Flying Boxcars, and is positioned near shopping, restaurants, entertainment, public transportation, and other local attractions.
Set in downtown Hagerstown, the property is described as being just one block from Meritus Park, home of the Hagerstown Flying Boxcars, and is positioned near shopping, restaurants, entertainment, public transportation, and other local attractions.
Key Highlights
- Corner mixed‑use property at 158 1/2‑160 S. Potomac Street in Downtown Hagerstown
- 3 income‑producing residential apartments plus 1 commercial storefront
- Brick construction with hot water heating
Financial Insights For Retail
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 | $43.4k | $17.04 |
| − Vacancy | −$3.6k | −$1.40 |
| EGI | $39.8k | $15.64 |
| − OpEx | −$12.0k | −$4.69 |
| NOI | $27.9k | $10.95 |
2,547 SF · lease $17.04/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$398.4K
$348.6K – $464.8K
NOI $27,889 @ 7.0% cap · market cap 7.97%
Second Best
Multifamily LT 5
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$565.0K
$494.4K – $659.2K
NOI $39,549 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three residential apartments and one commercial storefront make up this corner mixed-use downtown property.
Where is this triplex located?
The property is located at 160-158 1/2- S POTOMAC Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Corner mixed‑use property at 158 1/2‑160 S. Potomac Street in Downtown Hagerstown; 3 income‑producing residential apartments plus 1 commercial storefront; Brick construction with hot water heating
