Advertise
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hagerstown Four-Unit Multifamily Building Title is generated by Realmo AI

    25 S LOCUST Street, Hagerstown, MD 21740

    View on Map
    Claim this Listing
    For Sale
    $445,000

    MULTI_FAMILY - HAGERSTOWN, MD

    Property size:
    3,548 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $125/SF
    Added:
    Nov 7, 2025
    Days on Market:
    222
    Last Refresh:
    Jun 17 at 1:06 am

    Property Features for 25 S LOCUST Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Standard status
    Active
    Size
    3,548 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4152

    Utilities

    Heating system
    Electric (Heating), Baseboard

    Building Details

    Year built
    1920
    Number of units
    4
    Building materials
    Brick

    We can help!

    Listing Contact
    Paul Vincent Sneeringer III

    Listing agent Paul Vincent Sneeringer III License #5003407

    Listing office Keller Williams Realty 11710 Plaza America Drive unit: 710, Reston, MD

    Listing date Nov 7, 2025

    MLS# MDWA2031932 Listing URL

    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.

    HighLights

    • Four‑unit building with two sides and a unit mix of 1BR/1BA and 2BR/1BA apartments
    • Brick construction; built in 1920
    • Each unit has its own bath configuration: 1/1 baths and 2/1 baths
    • Off‑street parking available
    • Electric baseboard heating

    Overview

    This is a four-unit multifamily building located in downtown Hagerstown. The property contains two sides, each featuring a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. The building is well-maintained and includes off-street parking. The lot size is 0.1238 acres, and the property size is 3,548 square feet. This property is located in WASHINGTON County, Maryland.

    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 $57.5k $16.20
    − Vacancy −$4.3k −$1.22
    EGI $53.2k $14.99
    − OpEx −$16.0k −$4.50
    NOI $37.2k $10.49
    3,548 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $531.7K
    $465.2K – $620.3K (±1% cap)
    NOI $37,217 @ 7.0% cap · market cap 8.36%
    Second Best
    Apartment 5plus
    $477.0K
    $417.4K – $556.5K (±1% cap)
    NOI $33,391 @ 7.0% cap · market cap 7.50%
    Theoretical Best
    Office A
    $787.0K
    $688.7K – $918.2K (±1% cap)
    NOI $55,092 @ 7.0% cap · market cap 12.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.71861
    Latitude
    39.64026

    Nearby Similar for Sale

    • $2,890,000
      9,859 SF

      Turnkey Multifamily Investment Opportunity

      Fully occupied, renovated 17-unit multifamily property in Hagerstown, MD.
      15149 BLOYERS Avenue, HAGERSTOWN, MD 21740
      View Details
    • $2,490,000
      34,720 SF

      HAGERSTOWN Redevelopment Opportunity

      Downtown commercial building with adaptive reuse potential in Hagerstown, MD.
      72 W WASHINGTON Street, HAGERSTOWN, MD 21740
      View Details
    • $250,000
      7,800 SF

      Downtown Flex Building with Drive-Through

      Flexible multi-level commercial building with office-ready rooms and a rear drive-through overhead door for loading or service use.
      35 E WASHINGTON ST, HAGERSTOWN, MD 21740
      View Details
    • $625,000
      6,568 SF

      HAGERSTOWN Multifamily Investment Opportunity

      Fully rented five-unit property near City Park in HAGERSTOWN, MD.
      601 HIGHLAND Way, HAGERSTOWN, MD 21740
      View Details
    • $284,900
      1,724 SF

      Hagerstown Duplex with Rental Income

      Fully rented duplex with income and upside potential.
      904 - 906 CHESTNUT Street, HAGERSTOWN, MD 21740
      View Details
    • $1,250,000

      Radio Station on 6.75 Acres

      Commercial property with radio station, licenses, and broadcasting equipment.
      1135 HAVEN RD, HAGERSTOWN, MD 21742
      View Details
    • $649,000
      4,811 SF

      HAGERSTOWN Multi-Unit Investment Opportunity

      Five-unit apartment building overlooking the new Meritus Baseball Park.
      165 SUMMIT Avenue, HAGERSTOWN, MD 21740
      View Details
    • $574,900
      4,666 SF

      HAGERSTOWN Multifamily Investment Opportunity

      Five-unit property near Hagerstown City Park, fully rented.
      671 HIGHLAND Way, HAGERSTOWN, MD 21740
      View Details
    • $384,900
      2,904 SF

      Hagerstown Triplex: Investment Opportunity

      Fully occupied triplex across from Hagerstown City Park.
      428 VIRGINIA Avenue, HAGERSTOWN, MD 21740
      View Details
    • $575,000
      4,316 SF

      Turnkey 5-Unit Investment Property

      Fully rented 5-unit building with value-add potential in Hagerstown, MD.
      16 S MULBERRY Street, HAGERSTOWN, MD 21740
      View Details
    • $279,000
      1,998 SF

      Three-Unit Apartment Investment

      Fully rented three-unit multifamily property with three one-bedroom units and existing rental documentation.
      106 RANDOLPH Avenue, HAGERSTOWN, MD 21740
      View Details
    • $675,000
      1,428 SF

      Hagerstown Multi-Unit Investment Opportunity

      Four residential units plus a garage on nearly one acre.
      9947 CROSSFIELD Road, HAGERSTOWN, MD 21740
      View Details

    FAQs

    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 Street 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 with two sides and a unit mix of 1BR/1BA and 2BR/1BA apartments; Brick construction; built in 1920; Each unit has its own bath configuration: 1/1 baths and 2/1 baths
    (571) 233-2763
    We can help!
    Listing Contact
    Paul Vincent Sneeringer III
    Real Estate License ID: 5003407
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    25 S LOCUST Street, HAGERSTOWN, MD 21740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!