629 OAK HILL Avenue, Hagerstown, MD 21740
MULTI_FAMILY - Colonial - HAGERSTOWN, MD
- Added:
- Jun 19, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 22 at 4:06 pm
Property Features for 629 OAK HILL Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Garage - Detached
- Standard status
- Active
- Size
- 8,319 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5315
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1918
- Number of units
- 4
- Building materials
- Stucco, Brick
- Architectural style
- Colonial
Listing agent Roberto G. Gonzalez License #598229 (301) 991-0207
Listing office RG Realty, Inc. 12907 Oak Hill Avenue, SMITHSBURG, MD (240) 203-6393
Listing date Jun 19, 2026
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.
HighLights
- 6‑unit multifamily in Hagerstown’s Historic North End built in 1918 with Colonial‑style architecture
- Each unit is a 2BR/1BA with approximately eight rooms, including kitchen, dining room, living room, den, sunroom, private porch, and storage
- Historic interior features include original woodwork, French doors, abundant windows, covered porches, and a fireplace feature in each apartment
- Each unit has its own HVAC system; central air with electric and heat pump heating
- Off‑street parking plus a detached 4‑car garage that can support additional income potential
- Coin‑operated laundry room with approximately $300/month and basement storage
Overview
The property includes off-street parking and basement storage for additional tenant use. A coin-operated laundry room is also available on-site, producing approximately $300 per month, and there is a detached four-car garage on the property for added utility.
This setup can work well for tenants seeking space and individuality within each unit, including private porches and room-rich interiors supported by separate HVAC systems. For buyers and operators, the combination of preserved historic details, unit-by-unit mechanical service, and practical site amenities such as parking, basement storage, laundry, and a detached garage provides a straightforward foundation for managing a multi-family asset with multiple income touchpoints.
Local Financial Insights For Apartment 5plus
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 | $152.7k | $18.36 |
| − Vacancy | −$10.4k | −$1.25 |
| EGI | $142.4k | $17.11 |
| − OpEx | −$64.1k | −$7.70 |
| NOI | $78.3k | $9.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.71475
- Latitude
- 39.65022
