Residential Income Property with
For Sale
$149,900
36 High St, Hagerstown, MD 21740
Month-to-month occupancy and tenant-paid utilities support straightforward management of this Hagerstown residential property.
Property Size1,104 SF
Price / SF$135.78
Days on Market69
Property Features for 36 High St
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Multi-Family
Building Details
Year Built
1894
Listing Agency:
The Glocker Group Realty Results
Listed By:
Caleb Gee · License #RSR004926
(240) 452-8858
Source:
Localrealestateleaders
Added: Aug 10
Changed: Oct 15
Last Checked: Oct 7 at 12:55PM
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 The Glocker Group Realty Results
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Investment Insights
Based on property information with market context.
This Hagerstown residential income property at 36 High St offers 1,104 square feet of living space and was built in 1894. The home includes 2 full bathrooms, a sealed metal roof, all-new replacement windows, and a 2-year-old furnace. These improvements provide useful updates within the existing residential configuration.
The property is occupied under a month-to-month lease, with the tenant responsible for all utilities. Its residential layout and established occupancy create a straightforward income-producing profile for an owner seeking a smaller multifamily asset.
The property is occupied under a month-to-month lease, with the tenant responsible for all utilities. Its residential layout and established occupancy create a straightforward income-producing profile for an owner seeking a smaller multifamily asset.
Key Highlights
- 1,104‑square‑foot residential income property at 36 High St, Hagerstown, MD 21740
- 2 full bathrooms
- Sealed metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,390
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,800
$207.8K
Cap Rate 7%
$148,429
$148.4K
Cap Rate 9%
$115,444
$115.4K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$20.3K $18.36/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$18.9K $17.11/SF
− OpEx
−$8.5K −$7.70/SF
NOI
$10.4K $9.41/SF
Area
Washington County, MD
Vacancy
6.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,800
Cap Rate 7%
$148,429
Cap Rate 9%
$115,444
Alternative Uses
Best Use
Apartment 5plus
$148.4K
$129.9K – $173.2K
NOI $10,390 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$244.9K
$214.3K – $285.7K
NOI $17,142 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,572
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Month-to-month occupancy and tenant-paid utilities support straightforward management of this Hagerstown residential property.
Where is this multifamily property located?
The property is located at 36 High St Hagerstown, MD.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,104‑square‑foot residential income property at 36 High St, Hagerstown, MD 21740; 2 full bathrooms; Sealed metal roof
