Vintage 66-Unit Apartment
For Sale
Contact for pricing
300 Northern Ave, Hagerstown, MD 21742
66-unit vintage apartment complex with 46 paved parking spaces, dating to 1954 and renovated with major unit and common-area upgrades.
Property SizeContact for details
Days on Market124
Property Features for 300 Northern Ave
General Information
Standard status
Active
Total Parking Spaces
46
Property subtype
Multifamily
Additional Details
Multifamily Units
66
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
RG Realty Inc
(240) 203-6393
Listed By:
Roberto Gonzalez · License #MD 598229
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 4:48PM
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 RG Realty Inc
Investment Insights
Based on property information with market context.
The property is a vintage multifamily apartment complex built in 1954, consisting of 66 units on a single tax parcel. It appears from street and aerial views to comprise two large buildings, structurally divided into nine sections with connected layout. Unit mix includes 19 one-bedroom apartments and 47 two-bedroom apartments. The rear of the complex is paved and striped to provide parking for 46 vehicles. The complex is managed as one operating entity under a single ownership.
Since the owner’s acquisition in January 2017, approximately $1,000,000 has been invested in addressing deferred maintenance and improving both units and common areas. Reported work includes painting all units, installing new light fixtures and wall outlets, updating kitchen flooring, refinishing hardwood floors, and improving the central foyer, stairwell, central corridor on each floor, and laundry facilities. Additional as-needed upgrades include bathroom vanities and fixtures and kitchen appliances.
The HVAC system is described as central gas-fired heat with a boiler in the basement serving the entire complex; the boiler was replaced in 2012 and also heats domestic water. Air conditioning is provided through window units supplied by tenants.
Since the owner’s acquisition in January 2017, approximately $1,000,000 has been invested in addressing deferred maintenance and improving both units and common areas. Reported work includes painting all units, installing new light fixtures and wall outlets, updating kitchen flooring, refinishing hardwood floors, and improving the central foyer, stairwell, central corridor on each floor, and laundry facilities. Additional as-needed upgrades include bathroom vanities and fixtures and kitchen appliances.
The HVAC system is described as central gas-fired heat with a boiler in the basement serving the entire complex; the boiler was replaced in 2012 and also heats domestic water. Air conditioning is provided through window units supplied by tenants.
Key Highlights
- 66‑unit vintage apartment complex dating to 1954 on a single tax parcel under one ownership, including 19 one‑bedroom and 47 two‑bedroom units.
- Rear paved, striped parking area for 46 vehicles.
- Since January 2017, approx. $1,000,000 invested in improvements including painting all units, new light fixtures and wall outlets, and updated kitchen flooring.
Property Analytics
Property Profile
Current Use
Lease Details
66
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 21742, MD
33,069
Population
14,099
Households
2.3
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
46.5 sq mi
ZIP Area
711
Density / Sq Mi
$80,533
Median Household Income
$45,717
Median Earnings
$1,267
Median Rent
$280,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 66-unit vintage apartment complex with 46 paved parking spaces, dating to 1954 and renovated with major unit and common-area upgrades.
Where is this apartment building located?
The property is located at 300 Northern Ave Hagerstown, MD.
What are key features of this property?
This property features: 66‑unit vintage apartment complex dating to 1954 on a single tax parcel under one ownership, including 19 one‑bedroom and 47 two‑bedroom units.; Rear paved, striped parking area for 46 vehicles.; Since January 2017, approx. $1,000,000 invested in improvements including painting all units, new light fixtures and wall outlets, and updated kitchen flooring.
