Brick Duplex with Off-Street
For Sale
$324,900
430 VIRGINIA Avenue, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size2,313 SF
Lot Size0.16 Acres
Price / SF$140.47
Days on Market20
Property Features for 430 VIRGINIA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway, Off Street
Fireplace
1
Subdivision
CITY PARK
Elementary school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district
WASHINGTON COUNTY PUBLIC SCHOOLS
High school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,313 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
4082
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1908
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
The Glocker Group Realty Results
(301) 745-4400
Listed By:
Christian L Dickerson · License #602651
(301) 992-8467
Added: Sep 16
Changed: Oct 5
Last Checked: Oct 5 at 10:06PM
MLS# MDWA2040184
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.
Investment Insights
Based on property information with market context.
This 2,313-square-foot Colonial, built in 1908, is arranged as two living units within a brick residence. The main-level unit includes a kitchen, dining room, living room, two bedrooms, and a full bathroom. The upper unit spans the second and third floors, with a remodeled kitchen, dining area, living space, two bedrooms, a family room, an additional room, and bathrooms. The property also includes forced-air heat, central air, and a fireplace.
Set on 0.16 acres in Hagerstown, the home overlooks a city park and provides off-street parking in the rear. Vehicle access is available from an alley connecting Reynolds Avenue and Summit Avenue. Parking is also listed in the driveway.
Set on 0.16 acres in Hagerstown, the home overlooks a city park and provides off-street parking in the rear. Vehicle access is available from an alley connecting Reynolds Avenue and Summit Avenue. Parking is also listed in the driveway.
Key Highlights
- Two‑unit layout in a 2,313‑square‑foot Colonial
- Main‑level unit with kitchen, dining room, living room, and 2 bedrooms
- Upper unit extends across the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,262
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,240
$485.2K
Cap Rate 7%
$346,600
$346.6K
Cap Rate 9%
$269,578
$269.6K
Market Conditions
NOI Build-Up for 2,313 SF
Gross rent
$37.5K $16.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$34.7K $14.99/SF
− OpEx
−$10.4K −$4.50/SF
NOI
$24.3K $10.49/SF
Area
Washington County, MD
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,240
Cap Rate 7%
$346,600
Cap Rate 9%
$269,578
Alternative Uses
Best Use
Multifamily LT 5
$346.6K
$303.3K – $404.4K
NOI $24,262 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$311.0K
$272.1K – $362.8K
NOI $21,768 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$513.1K
$448.9K – $598.6K
NOI $35,915 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,067
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?
Duplex - Two living units provide separate kitchen, dining, and living areas across a multi-level Colonial layout.
Where is this duplex located?
The property is located at 430 VIRGINIA Avenue Hagerstown, MD.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two‑unit layout in a 2,313‑square‑foot Colonial; Main‑level unit with kitchen, dining room, living room, and 2 bedrooms; Upper unit extends across the second and third floors
