5-Unit Apartment
New
For Sale
$459,900
715 POTOMAC Ave, Hagerstown, MD 21740
Four one-bedroom residences and one two-bedroom residence create a varied rental unit mix.
Property Size3,605 SF
Days on Market2
Property Features for 715 POTOMAC Ave
General Information
Standard status
Active
Size
3,605 SF
Property subtype
Investment
Units
Unit Mix
4 x 1BR, 1 x 2BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,547
Building Details
Building Size
3,605 SF
Year Built
1965
Buildings
1
Units
1
Listing Agency:
The Glocker Group Realty Results
Listed By:
Christian L Dickerson · License #602651
(301) 992-8467
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 2:16PM
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 The Glocker Group Realty Results
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property in Hagerstown contains four one-bedroom apartments and one two-bedroom apartment. The building dates to 1965, with a unit mix spanning two apartment sizes.
At 715 Potomac Ave, the property has a Bike Score of 70, a Walk Score of 59, and a Transit Score of 19.
At 715 Potomac Ave, the property has a Bike Score of 70, a Walk Score of 59, and a Transit Score of 19.
Key Highlights
- Five apartments: four one‑bedroom units and one two‑bedroom unit
- Built in 1965
- Bike Score: 70; Very Bikeable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,928
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,560
$678.6K
Cap Rate 7%
$484,686
$484.7K
Cap Rate 9%
$376,978
$377.0K
Market Conditions
NOI Build-Up for 3,605 SF
Gross rent
$66.2K $18.36/SF
− Vacancy
−$4.5K −$1.25/SF
EGI
$61.7K $17.11/SF
− OpEx
−$27.8K −$7.70/SF
NOI
$33.9K $9.41/SF
Area
Washington County, MD
Vacancy
6.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,560
Cap Rate 7%
$484,686
Cap Rate 9%
$376,978
Alternative Uses
Best Use
Apartment 5plus
$484.7K
$424.1K – $565.5K
NOI $33,928 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.7K
$699.7K – $933.0K
NOI $55,977 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
631
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four one-bedroom residences and one two-bedroom residence create a varied rental unit mix.
Where is this apartment building located?
The property is located at 715 POTOMAC Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Five apartments: four one‑bedroom units and one two‑bedroom unit; Built in 1965; Bike Score: 70; Very Bikeable
