Hagerstown Four-Unit Investment
For Sale
$445,000
25 S Locust St, Hagerstown, MD 21740
Four-unit building in downtown Hagerstown with off-street parking.
Property Size3,548 SF
Price / SF$125.42
Days on Market216
Property Features for 25 S Locust St
General Information
Standard status
Active
Size
3,548 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Keller Williams Realty
Listed By:
Paul Vincent Sneeringer III · License #0225238260
(571) 233-2763
Source:
Localrealestateleaders
Added: Mar 10
Changed: Sep 13
Last Checked: Oct 7 at 3:28PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This four-unit building is located in downtown Hagerstown. The property features two units with one bedroom and one bathroom, and two units with two bedrooms and one bathroom. Off-street parking is available. The building is well-maintained, presenting an investment opportunity.
Key Highlights
- Four‑unit building - Ideal for investors
- Downtown Hagerstown location
- Contains two 1/1 bath units and two 2/1 bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,217
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,340
$744.3K
Cap Rate 7%
$531,671
$531.7K
Cap Rate 9%
$413,522
$413.5K
Market Conditions
NOI Build-Up for 3,548 SF
Gross rent
$57.5K $16.20/SF
− Vacancy
−$4.3K −$1.22/SF
EGI
$53.2K $14.99/SF
− OpEx
−$16.0K −$4.50/SF
NOI
$37.2K $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%
$744,340
Cap Rate 7%
$531,671
Cap Rate 9%
$413,522
Alternative Uses
Best Use
Multifamily LT 5
$531.7K
$465.2K – $620.3K
NOI $37,217 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$477.0K
$417.4K – $556.5K
NOI $33,391 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$787.0K
$688.7K – $918.2K
NOI $55,092 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,112
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit building in downtown Hagerstown with off-street parking.
Where is this quadplex located?
The property is located at 25 S Locust St Hagerstown, MD.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four‑unit building - Ideal for investors; Downtown Hagerstown location; Contains two 1/1 bath units and two 2/1 bath units
