8-Unit Mixed-Use Apartment
400 N POTOMAC Street, Hagerstown, MD 21740
For Sale
$760,000
Multi-Family, HAGERSTOWN, MD
Property Size8,524 SF
Lot Size0.26 Acres
Price / SF$89.16
Days on Market92
Property Features for 400 N POTOMAC Street
General Information
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Building Details
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Number of units
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Listing Agency:
RG Realty, Inc.
(240) 203-6393
Listed By:
Roberto G. Gonzalez · License MD #598229
(301) 991-0207
Added: Aug 11
Changed: Oct 9
Last Checked: Nov 10 at 10:06AM
MLS# MDWA2039250
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
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This 8,524-square-foot mixed-use property contains seven one-bedroom, one-bathroom apartments and one ground-floor commercial space. The building dates to 1903 and features concrete, stone, and block construction, a Colonial architectural style, hot-water heating, central air, an attached garage, and driveway parking. Professional third-party management is in place.
The property is 87.5% occupied, with 7 of 8 units and spaces leased. Capital improvements include a recently replaced roof and new replacement windows throughout. One vacant unit is available for qualified, prequalified buyers to tour, while access to occupied units is limited until ratification and the feasibility and due diligence period.
The parcel contains 0.2571 acres in Hagerstown, Maryland. Underwriting reflects a 6.66% capitalization rate based on the stated operating assumptions.
The property is 87.5% occupied, with 7 of 8 units and spaces leased. Capital improvements include a recently replaced roof and new replacement windows throughout. One vacant unit is available for qualified, prequalified buyers to tour, while access to occupied units is limited until ratification and the feasibility and due diligence period.
The parcel contains 0.2571 acres in Hagerstown, Maryland. Underwriting reflects a 6.66% capitalization rate based on the stated operating assumptions.
Key Highlights
- 8,524‑square‑foot mixed‑use property with 7 apartments and 1 ground‑floor commercial space
- Seven one‑bedroom, one‑bathroom apartments
- 87.5% occupied, with 7 of 8 units and spaces leased
Property Analytics
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Current Use
Lease Details
7
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,749
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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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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven one-bedroom apartments accompany a ground-floor commercial space under third-party management.
Where is this apartment building located?
The property is located at 400 N POTOMAC Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 8,524‑square‑foot mixed‑use property with 7 apartments and 1 ground‑floor commercial space; Seven one‑bedroom, one‑bathroom apartments; 87.5% occupied, with 7 of 8 units and spaces leased
