Over-Under
For Sale
$199,900
630 SALEM Avenue, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size1,498 SF
Lot Size0.06 Acres
Price / SF$133.44
Days on Market110
Property Features for 630 SALEM Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
On Street, Driveway
Appliances
Microwave, Refrigerator, Stove
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
1,498 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
2067
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1904
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Centre
(240) 309-6000
Listed By:
Andrew J Hopley · License #645497
(301) 275-2352
Added: Jun 18
Changed: Sep 16
Last Checked: Oct 5 at 9:06PM
MLS# MDWA2037836
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 1,498-square-foot over-under duplex contains two one-bedroom, one-bath units within a brick Colonial building constructed in 1904. The lower residence is occupied, while the upper residence is vacant and can accommodate an owner occupant or a new tenant. Interior features include forced-air heating, window-unit cooling, and kitchens equipped with a microwave, refrigerator, and stove.
Located at 630 Salem Avenue in Hagerstown, the property includes a 0.0617-acre lot with both driveway and on-street parking. The driveway accommodates up to four vehicles. Shopping, restaurants, and Hagerstown’s entertainment district are nearby, with access to Route 81 and Route 70 for regional travel.
Both the flat and shingle roof sections, along with the gutters, were replaced in 2025. The property offers a compact two-unit configuration with established residential use and a vacant unit available for occupancy or leasing.
Located at 630 Salem Avenue in Hagerstown, the property includes a 0.0617-acre lot with both driveway and on-street parking. The driveway accommodates up to four vehicles. Shopping, restaurants, and Hagerstown’s entertainment district are nearby, with access to Route 81 and Route 70 for regional travel.
Both the flat and shingle roof sections, along with the gutters, were replaced in 2025. The property offers a compact two-unit configuration with established residential use and a vacant unit available for occupancy or leasing.
Key Highlights
- Two‑unit over‑under duplex with 1,498 square feet of building area
- Each unit includes 1 bedroom and 1 full bath
- Flat and shingle roof sections plus gutters replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,713
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,260
$314.3K
Cap Rate 7%
$224,471
$224.5K
Cap Rate 9%
$174,589
$174.6K
Market Conditions
NOI Build-Up for 1,498 SF
Gross rent
$24.3K $16.20/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$22.4K $14.99/SF
− OpEx
−$6.7K −$4.50/SF
NOI
$15.7K $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%
$314,260
Cap Rate 7%
$224,471
Cap Rate 9%
$174,589
Alternative Uses
Best Use
Multifamily LT 5
$224.5K
$196.4K – $261.9K
NOI $15,713 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$201.4K
$176.2K – $235.0K
NOI $14,098 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$332.3K
$290.8K – $387.7K
NOI $23,260 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
795
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 - Brick income property with two one-bedroom units, driveway parking, and separate owner-occupancy or leasing flexibility.
Where is this duplex located?
The property is located at 630 SALEM Avenue Hagerstown, MD.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit over‑under duplex with 1,498 square feet of building area; Each unit includes 1 bedroom and 1 full bath; Flat and shingle roof sections plus gutters replaced in 2025
