Three-Unit Apartment
214 Jackson Street Hancock, MD 21750
214 Jackson Street, Hancock, MD, 21750
$225,000
Pending
For Sale
$225,000
Pending
Three rented apartment units include two two-bedroom homes and one one-bedroom unit.
Property Size1,915 SF
Days on Market360
Property Features for 214 Jackson Street
General Information
- Standard status
- Pending
- Size
- 1,915 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1955
Listing agency
Marsh Realty
(301) 875-5978
Listed by
Craig P Marsh · License #634396
(301) 875-5978
Source
Compass
Added: Jul 29, 2025 Updated: Jul 22 at 8:52PM Checked: Jul 22 at 8:52PM
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 Marsh Realty
Investment Insights
Based on property information with market context.
This three-unit apartment building offers two 2-bedroom units and one 1-bedroom unit, with all three units currently rented. The property includes plenty of parking and extra storage.
The building is located in city limits in Washington County, Maryland, and is described as being close to shopping, restaurants, and major highways.
The current income and tenant occupancy are in place, making the property suitable for buyers seeking an income-producing residential rental structure.
The building is located in city limits in Washington County, Maryland, and is described as being close to shopping, restaurants, and major highways.
The current income and tenant occupancy are in place, making the property suitable for buyers seeking an income-producing residential rental structure.
Key Highlights
- 3‑unit apartment building with two 2‑bedroom units and one 1‑bedroom unit
- All three units are currently rented for total monthly rent of $2,975
- Year built 1955
Local Financial Insights For Multifamily LT 5
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 | $31.0k | $16.20 |
| − Vacancy | −$2.3k | −$1.22 |
| EGI | $28.7k | $14.99 |
| − OpEx | −$8.6k | −$4.50 |
| NOI | $20.1k | $10.49 |
1,915 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.0K
$251.1K – $334.8K
NOI $20,087 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$257.5K
$225.3K – $300.4K
NOI $18,023 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$424.8K
$371.7K – $495.6K
NOI $29,735 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three rented apartment units include two two-bedroom homes and one one-bedroom unit.
Where is this triplex located?
The property is located at 214 Jackson Street Hancock, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3‑unit apartment building with two 2‑bedroom units and one 1‑bedroom unit; All three units are currently rented for total monthly rent of $2,975; Year built 1955
