Mixed-Use Apartment Building with Retail
For Sale
$800,000
400 N Potomac Street, Hagerstown, MD 21740
Eight-unit property combines professionally managed apartments with a ground-floor commercial space in a walkable North End setting.
Property SizeContact for details
Days on Market22
Property Features for 400 N Potomac Street
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
88%
Financials
Asking Price
$800,000
Cap Rate
6.66%
Gross Income
$96,780
Units
Unit Mix
7 x 1BR/1BA
Multifamily Units
7
Building Details
Year Built
1903
Listing Agency:
RG Realty,Inc.
(240) 203-6393
Listed By:
Roberto G. Gonzalez · License #598229
(301) 258-7757
Source:
Ournexthouse
Added: Aug 3
Changed: Aug 24
Last Checked: Aug 23 at 9:16AM
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 1903 mixed-use apartment property includes seven one-bedroom, one-bathroom apartments and one ground-floor commercial space across 400 North Potomac Street and 2 and 4 East North Avenue. The eight-unit and space configuration is professionally managed, with 7 of 8 units and spaces leased, representing 87.5% occupancy. One vacant unit is available for qualified, prequalified buyers to view; access to occupied units is restricted until ratification and the feasibility and due diligence period.
Recent capital improvements include a replaced roof and new replacement windows throughout. The property is located in Hagerstown’s North End, with a Walk Score of 83, a Bike Score of 61, and a Transit Score of 28. The reported capitalization rate is 6.66%.
Recent capital improvements include a replaced roof and new replacement windows throughout. The property is located in Hagerstown’s North End, with a Walk Score of 83, a Bike Score of 61, and a Transit Score of 28. The reported capitalization rate is 6.66%.
Key Highlights
- Seven one‑bedroom, one‑bathroom apartments plus one ground‑floor commercial space
- 7 of 8 units and spaces leased; 87.5% occupied
- Recently replaced roof and new replacement windows throughout
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,749
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?
Apartment building - Eight-unit property combines professionally managed apartments with a ground-floor commercial space in a walkable North End setting.
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 $800,000.
What are key features of this property?
This property features: Seven one‑bedroom, one‑bathroom apartments plus one ground‑floor commercial space; 7 of 8 units and spaces leased; 87.5% occupied; Recently replaced roof and new replacement windows throughout
