Hagerstown Colonial Multi-Family
For Sale
$149,900
36 HIGH Street, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size1,104 SF
Lot Size0.03 Acres
Price / SF$135.78
Days on Market208
Property Features for 36 HIGH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Interior features
Bathroom - Tub Shower, Primary Bath(s)
Subdivision
NONE AVAILABLE
Elementary school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district
WASHINGTON COUNTY PUBLIC SCHOOLS
High school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,104 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1489
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air
Building Details
Year built
1894
Number of units
1
Building materials
Brick
Architectural style
Colonial
Listing Agency:
The Glocker Group Realty Results
(301) 745-4400
Listed By:
Caleb Gee · License #RSR004926
(240) 452-8858
Added: Mar 19
Changed: Sep 29
Last Checked: Oct 12 at 12:06AM
MLS# MDWA2035062
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.
Investment Insights
Based on property information with market context.
Located in Hagerstown, Maryland, this property at 36 High Street presents an opportunity as either a home or an investment property. The property has a monthly rent of $775. The tenant is responsible for all utilities, and the lease operates on a month-to-month basis. The property features a sealed metal roof and replacement windows. A furnace was replaced 2 years ago. The property includes 2 full bathrooms. The lot size is 0.032 acres, and the property size is 1104 square feet.
Key Highlights
- Colonial‑style home built in 1894 with brick construction
- Monthly rent of $775; tenant pays all utilities; lease is month‑to‑month
- 2 full bathrooms, including primary bath(s) with tub/shower
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.
Property Analytics
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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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Frequently Asked Questions
What type of property is this?
Single family property - Affordable Hagerstown multi-family property with rental income potential.
Where is this single family property located?
The property is located at 36 HIGH Street 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: Colonial‑style home built in 1894 with brick construction; Monthly rent of $775; tenant pays all utilities; lease is month‑to‑month; 2 full bathrooms, including primary bath(s) with tub/shower
