Duplex with Detached
For Sale
$337,000
325 MITCHELL AVENUE, Hagerstown, MD 21740
Fully leased residential property includes three detached garages and two residential units.
Property Size1,418 SF
Price / SF$237.66
Days on Market24
Property Features for 325 MITCHELL AVENUE
General Information
Standard status
Active
Size
1,418 SF
Total Parking Spaces
3
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$32,160
Average Monthly Rent
$1,340
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1899
Buildings
1
Tenancy
Multi
Listing Agency:
RG Realty, Inc.
(240) 203-6393
Listed By:
Roberto G. Gonzalez · License #598229
(301) 991-0207
Source:
Cummingsrealtors
Added: Sep 17
Changed: Oct 10
Last Checked: Oct 9 at 9:56PM
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.
This duplex contains two three-bedroom, one-bath units, each arranged as a separate residential residence. Both units are fully leased, and the property includes three detached garages positioned at the rear. The building dates to 1899 and provides a two-unit configuration with additional detached storage or parking structures.
Located at 325 Mitchell Avenue in Hagerstown, Maryland, the property is offered as an occupied residential income asset. Showings require at least 36 hours’ notice so tenants can be notified. Friday appointments must be arranged before 3:00 PM, with additional scheduling restrictions noted for the management company’s weekend availability.
Located at 325 Mitchell Avenue in Hagerstown, Maryland, the property is offered as an occupied residential income asset. Showings require at least 36 hours’ notice so tenants can be notified. Friday appointments must be arranged before 3:00 PM, with additional scheduling restrictions noted for the management company’s weekend availability.
Key Highlights
- Two three‑bedroom, one‑bath residential units
- Both units are fully leased
- Three detached garages at the rear of the property
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,467
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased residential property includes three detached garages and two residential units.
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 residential units; Both units are fully leased; Three detached garages at the rear of the property
