Brick Colonial Duplex
422 North Locust Street Hagerstown, MD 21740
422 North Locust Street, Hagerstown, MD, 21740
$295,000
For Sale
$295,000
End-of-row brick duplex built in 1910 with deck access and assigned on-street parking, offering two separate units.
Property Size2,580 SF
Lot Size0.06 Acres
Price / SF$114.34
Days on Market173
Property Features for 422 North Locust Street
General Information
- Standard status
- Active
- Size
- 2,580 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing agency
RE/MAX Realty Plus
(301) 712-8904
Listed by
Rachel Smith · License #647889
(301) 712-8904
Source
Compass
Added: Jan 29 Updated: Jul 21 at 1:00AM Checked: Jul 21 at 8:31AM
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 RE/MAX Realty Plus
Investment Insights
Based on property information with market context.
Built in 1910, this end-of-row townhouse duplex features solid brick Colonial character and a two-unit setup. The main level includes 1 bedroom and 1 full bathroom, along with a full kitchen and living room space. The upper two levels provide 3 bedrooms and 1 full bathroom, with additional kitchen and living room areas. Interior space includes a breakfast area, and the property offers a deck for outdoor use. A pool is not included, and there are no association fees to manage.
Located in City Limits in Hagerstown, Maryland, the property includes assigned on-street parking, supporting convenient day-to-day access for tenants. The configuration is designed for flexible living arrangements, including long-term leases or short-term rentals.
At 2,580 finished square feet, the layout supports two distinct units within a single brick structure, combining practical space planning with manageable property upkeep due to the absence of pool maintenance and association fees.
Located in City Limits in Hagerstown, Maryland, the property includes assigned on-street parking, supporting convenient day-to-day access for tenants. The configuration is designed for flexible living arrangements, including long-term leases or short-term rentals.
At 2,580 finished square feet, the layout supports two distinct units within a single brick structure, combining practical space planning with manageable property upkeep due to the absence of pool maintenance and association fees.
Key Highlights
- End‑of‑row brick duplex townhouse built in 1910 with classic Colonial architecture
- 2‑unit layout: main level 1 bedroom/1 full bath plus upper levels with 3 bedrooms/1 full bath
- 2,580 finished SF total with a breakfast area on the interior
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $16.20 |
| − Vacancy | −$3.1k | −$1.22 |
| EGI | $38.7k | $14.99 |
| − OpEx | −$11.6k | −$4.50 |
| NOI | $27.1k | $10.49 |
2,580 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$386.6K
$338.3K – $451.1K
NOI $27,063 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$346.9K
$303.5K – $404.7K
NOI $24,281 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,061 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - End-of-row brick duplex built in 1910 with deck access and assigned on-street parking, offering two separate units.
Where is this duplex located?
The property is located at 422 North Locust Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: End‑of‑row brick duplex townhouse built in 1910 with classic Colonial architecture; 2‑unit layout: main level 1 bedroom/1 full bath plus upper levels with 3 bedrooms/1 full bath; 2,580 finished SF total with a breakfast area on the interior
