Six-Unit Multifamily
For Sale
$650,000
401 Potomac Street, Hagerstown, MD 21740
Six-unit apartment building with 3-bedroom units, coin-operated laundry, and off-street parking for about eight vehicles.
Property Size7,778 SF
Price / SF$83.57
Days on Market100
Property Features for 401 Potomac Street
General Information
Standard status
Active
Size
7,778 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$6,312
Amenities
3
RMED
Parking.
Lot.
Building Details
Year Built
1900
Listing Agency:
SAMSON PROPERTIES
(240) 291-2059
Listed By:
Samson Properties · License #0029369
(240) 291-2059
Source:
Xome
Added: May 20
Changed: Aug 25
Last Checked: Aug 26 at 7:17AM
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 SAMSON PROPERTIES
Investment Insights
Based on property information with market context.
This well-maintained six-unit multifamily property offers spacious floorplans with three bedrooms and one full bathroom in each unit. Units include a central living room, eat-in kitchen, and a covered rear porch, with second- and third-floor tenants also having access to private front porches. Recent exterior improvements include fresh paint and a new front entry door. A shared coin-operated laundry facility provides additional building income, and the rear parking area offers off-street parking for approximately eight vehicles.
All units are separately metered for electricity, and tenants are responsible for their own electric usage, including heating, hot water, appliances, and lighting. Water and sewer expenses are largely passed through to tenants based on occupancy. Five of the six units are currently rented on month-to-month agreements.
The property is located in a convenient Hagerstown setting with easy access to public transportation, downtown amenities, schools, Meritus Park, shopping, dining, and major commuter routes.
All units are separately metered for electricity, and tenants are responsible for their own electric usage, including heating, hot water, appliances, and lighting. Water and sewer expenses are largely passed through to tenants based on occupancy. Five of the six units are currently rented on month-to-month agreements.
The property is located in a convenient Hagerstown setting with easy access to public transportation, downtown amenities, schools, Meritus Park, shopping, dining, and major commuter routes.
Key Highlights
- Six‑unit multifamily building with 3‑bedroom units and 1 full bath each
- Coin‑operated shared laundry facility on site
- Off‑street rear parking area for approximately eight vehicles
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building with 3-bedroom units, coin-operated laundry, and off-street parking for about eight vehicles.
Where is this apartment building located?
The property is located at 401 Potomac Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six‑unit multifamily building with 3‑bedroom units and 1 full bath each; Coin‑operated shared laundry facility on site; Off‑street rear parking area for approximately eight vehicles
