Brick Duplex with Detached
325 MITCHELL Avenue, Hagerstown, MD 21740
For Sale
$337,000
Multi-Family, HAGERSTOWN, MD
Property Size1,418 SF
Lot Size0.09 Acres
Price / SF$237.66
Days on Market58
Property Features for 325 MITCHELL Avenue
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
RG Realty, Inc.
(240) 203-6393
Listed By:
Roberto G. Gonzalez · License MD #598229
(301) 991-0207
Added: Sep 17
Changed: Oct 27
Last Checked: Nov 13 at 11:06PM
MLS# MDWA2040204
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.
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Investment Insights
Based on property information with market context.
This brick duplex contains two three-bedroom, one-bath units within 1,418 square feet. Both residences are fully leased, and the property includes three detached garages positioned at the rear, along with off-street parking and a basement. Forced-air heating serves the building, which was constructed in 1899.
The property occupies 0.0943 acres at 325 Mitchell Avenue in Hagerstown, Maryland. The existing configuration combines two residential units with separate garage improvements, offering a straightforward multifamily layout with additional on-site parking and storage-related utility.
The property occupies 0.0943 acres at 325 Mitchell Avenue in Hagerstown, Maryland. The existing configuration combines two residential units with separate garage improvements, offering a straightforward multifamily layout with additional on-site parking and storage-related utility.
Key Highlights
- Two three‑bedroom, one‑bath units
- 1,418 square feet on 0.0943 acres
- Both units are fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,874
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,480
$297.5K
Cap Rate 7%
$212,486
$212.5K
Cap Rate 9%
$165,267
$165.3K
Market Conditions
NOI Build-Up for 1,418 SF
Gross rent
$23.0K $16.20/SF
− Vacancy
−$1.7K −$1.22/SF
EGI
$21.2K $14.99/SF
− OpEx
−$6.4K −$4.50/SF
NOI
$14.9K $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%
$297,480
Cap Rate 7%
$212,486
Cap Rate 9%
$165,267
Alternative Uses
Best Use
Multifamily LT 5
$212.5K
$185.9K – $247.9K
NOI $14,874 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$190.6K
$166.8K – $222.4K
NOI $13,345 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$314.5K
$275.2K – $367.0K
NOI $22,018 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
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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
$241,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hagerstown, MD
Properties on Market for Duplexes in Hagerstown
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with three detached garages, off-street parking, and basement space.
Where is this duplex located?
The property is located at 325 MITCHELL Avenue Hagerstown, MD.
What is the asking price?
The asking price for this property is $337,000.
What are key features of this property?
This property features: Two three‑bedroom, one‑bath units; 1,418 square feet on 0.0943 acres; Both units are fully leased
