Brick Quadplex with Off-Street
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 Market332
Property Features for 25 S LOCUST Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
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
Electric (Heating), Baseboard
Building Details
Year built
1920
Number of units
4
Building materials
Brick
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Paul Vincent Sneeringer III · License #5003407
(571) 233-2763
Added: Nov 7, 2025
Changed: Sep 17
Last Checked: Oct 5 at 10:06PM
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 3,548-square-foot quadplex was built in 1920 and features brick construction, electric heating, and baseboard systems. The 0.1238-acre property contains two one-bedroom, one-bath units and two two-bedroom, one-bath units, providing a defined four-unit residential configuration.
Located in downtown Hagerstown, the building includes off-street parking and offers a compact multifamily footprint within the city. The unit mix and existing four-unit layout are suited to residential income ownership.
Located in downtown Hagerstown, the building includes off-street parking and offers a compact multifamily footprint within the city. The unit mix and existing four-unit layout are suited to residential income ownership.
Key Highlights
- Four‑unit building with two one‑bedroom/one‑bath units and two two‑bedroom/one‑bath units
- 3,548 square feet of building area on 0.1238 acres
- Brick construction with 1920 year built
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
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,052
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit property with electric baseboard heating and a brick exterior in downtown Hagerstown.
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 one‑bedroom/one‑bath units and two two‑bedroom/one‑bath units; 3,548 square feet of building area on 0.1238 acres; Brick construction with 1920 year built
