Income Producing Duplex For
For Sale
$849,900
351 S Potomac St, Hagerstown, MD 21740
Renovated and fully leased duplex with high cap rate.
Property SizeContact for details
Lot Size1.14 Acres
Days on Market333
Property Features for 351 S Potomac St
General Information
Standard status
Active
Lot size
1.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,428
Amenities
Rear Yard
Road Frontage
Building Details
Year Built
1900
Listing Agency:
REAL ESTATE INNOVATIONS
(301) 745-1500
Listed By:
ALICE J GUY · License #80505
Source:
Corcoran
Added: Sep 23, 2025
Changed: Aug 8
Last Checked: Aug 20 at 5:47AM
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 REAL ESTATE INNOVATIONS
Investment Insights
Based on property information with market context.
This income-producing duplex property features a high 11% cap rate. The property benefits from a favorable location and ample parking. Both apartments have been recently renovated and are fully leased, presenting potential for future income. The property includes a commercial lease with options to renew with a long-term tenant.
Key Highlights
- High 11% CAP Rate: Indicates a strong return on investment.
- Income‑Producing Property: Provides immediate and consistent revenue.
- Newly Renovated Apartments: Reduces maintenance costs and attracts quality tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,558
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?
Duplex - Renovated and fully leased duplex with high cap rate.
Where is this duplex located?
The property is located at 351 S Potomac St Hagerstown, MD.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: High 11% CAP Rate: Indicates a strong return on investment.; Income‑Producing Property: Provides immediate and consistent revenue.; Newly Renovated Apartments: Reduces maintenance costs and attracts quality tenants.
