Renovated Duplex with Detached
For Sale
$349,900
201 AVON Road, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size1,924 SF
Lot Size0.27 Acres
Price / SF$181.86
Days on Market246
Property Features for 201 AVON Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
10
Parking features
On Street, Offsite, Driveway, Carport
Interior features
Walk-in Closet(s), Window Treatments
Appliances
WaterHeater, Washer/Dryer Stacked, Refrigerator, Oven/Range - Electric, Built-In Microwave, Microwave
Elementary school
SALEM AVENUE
Middle school
WESTERN HEIGHTS
High school
SOUTH HAGERSTOWN
Elementary school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district
WASHINGTON COUNTY PUBLIC SCHOOLS
High school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,924 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
3518
Utilities
Heating system
Heat Pump (Heating), Baseboard, Electric (Heating)
Amenities
Trex deck
Building Details
Year built
1944
Number of units
2
Building materials
Vinyl Siding, Concrete
Architectural style
Cape Cod
Buildings
1
Listing Agency:
Absolute Real Estate
Listed By:
James Oliver Gross · License #525508
(301) 788-7888
Added: Feb 26
Changed: Oct 27
Last Checked: Oct 30 at 10:06PM
MLS# MDWA2034442
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.
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Investment Insights
Based on property information with market context.
This Cape Cod duplex contains two separate 2-bedroom, 1-bathroom apartments within a 1,924-square-foot residence built in 1944. Both units are vacant and have received updates, including new flooring and paint. The first-floor apartment also has a refreshed kitchen with new countertops, sink, stove, and microwave, while the second floor includes new blinds. Each unit has its own washer and dryer and hot water heater.
The property occupies a 0.2666-acre corner lot in Hagerstown, Maryland. Exterior improvements include a new roof installed August 22nd, a detached 14/40 two-car garage with a newer roof, and a detached one-car garage with a newer roof. The first-floor HVAC system is three years old, and the upper unit includes a newer Trex deck that is three years old. Parking features include a driveway, carport, offsite parking, and on-street parking.
The property occupies a 0.2666-acre corner lot in Hagerstown, Maryland. Exterior improvements include a new roof installed August 22nd, a detached 14/40 two-car garage with a newer roof, and a detached one-car garage with a newer roof. The first-floor HVAC system is three years old, and the upper unit includes a newer Trex deck that is three years old. Parking features include a driveway, carport, offsite parking, and on-street parking.
Key Highlights
- Two 2‑bedroom, 1‑bathroom apartments; both units are vacant
- 1,924 square feet on a 0.2666‑acre corner lot
- Detached 14/40 two‑car garage plus separate one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,182
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,640
$403.6K
Cap Rate 7%
$288,314
$288.3K
Cap Rate 9%
$224,244
$224.2K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$31.2K $16.20/SF
− Vacancy
−$2.3K −$1.22/SF
EGI
$28.8K $14.99/SF
− OpEx
−$8.6K −$4.50/SF
NOI
$20.2K $10.49/SF
Area
Washington County, MD
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,640
Cap Rate 7%
$288,314
Cap Rate 9%
$224,244
Alternative Uses
Best Use
Multifamily LT 5
$288.3K
$252.3K – $336.4K
NOI $20,182 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$258.7K
$226.3K – $301.8K
NOI $18,107 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$426.8K
$373.4K – $497.9K
NOI $29,875 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments support owner occupancy, family use, or rental use.
Where is this duplex located?
The property is located at 201 AVON Road Hagerstown, MD.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom apartments; both units are vacant; 1,924 square feet on a 0.2666‑acre corner lot; Detached 14/40 two‑car garage plus separate one‑car garage
