Hagerstown Four-Unit Multifamily
For Sale
$445,000
25 S LOCUST Street, Hagerstown, MD 21740
MULTI_FAMILY - HAGERSTOWN, MD
Property Size3,548 SF
Lot Size0.12 Acres
Price / SF$125.42
Days on Market267
Property Features for 25 S LOCUST Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
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
3,548 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4152
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1920
Number of units
4
Building materials
Brick
Listing Agency:
Keller Williams Realty
(703) 679-1700
Listed By:
Paul Vincent Sneeringer III · License #5003407
(571) 233-2763
Added: Nov 7, 2025
Changed: Jun 29
Last Checked: Aug 1 at 3:06PM
MLS# MDWA2031932
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 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.
Key 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
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
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
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,885
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
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 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
