Fully Occupied Apartment
For Sale
Contact for pricing
424 N LOCUST ST, Hagerstown, MD 21740
Brick multifamily property with renovated units, storage space, and documented lead-safety compliance.
Property SizeContact for details
Days on Market15
Property Features for 424 N LOCUST ST
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$87,000
Units
Unit Mix
13 x 1BR/1BA
Multifamily Units
13
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Construction
brick
Listing Agency:
RG Realty Inc
Listed By:
Roberto Gonzalez · License #MD 598229
(240) 203-6393
Source:
Crexi
Added: Sep 2
Changed: Sep 7
Last Checked: Sep 15 at 4:19AM
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 brick apartment property at 424 N Locust Street contains 13 one-bedroom, one-bath units, along with storage space. All units are occupied, and most have undergone substantial interior renovations. The roof was replaced approximately one year ago. Units are registered lead-free or lead-safe with the Maryland Department of the Environment, and required city inspections have been completed. Six months of property-specific operating statements are available for review.
The building is positioned in an established residential corridor near downtown Hagerstown, with proximity to Meritus Medical Center and the regional highway network. Hagerstown provides access to Interstate 81 and Interstate 70, connecting the area with Baltimore, Washington, D.C., and Philadelphia. The property’s fully loaded Year 1 projection indicates approximately $73,000 of NOI and a 5.6% cap rate based on the asking price.
The building is positioned in an established residential corridor near downtown Hagerstown, with proximity to Meritus Medical Center and the regional highway network. Hagerstown provides access to Interstate 81 and Interstate 70, connecting the area with Baltimore, Washington, D.C., and Philadelphia. The property’s fully loaded Year 1 projection indicates approximately $73,000 of NOI and a 5.6% cap rate based on the asking price.
Key Highlights
- 13‑unit apartment building with 13 one‑bedroom, one‑bath units
- Fully occupied property at 424 N Locust Street, Hagerstown, MD 21740
- Roof replacement completed approximately one year ago
Property Analytics
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Current Use
Lease Details
13
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,708
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with renovated units, storage space, and documented lead-safety compliance.
Where is this apartment building located?
The property is located at 424 N LOCUST ST Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 13‑unit apartment building with 13 one‑bedroom, one‑bath units; Fully occupied property at 424 N Locust Street, Hagerstown, MD 21740; Roof replacement completed approximately one year ago
