5-Unit Apartment
New
For Sale
$459,900
715 POTOMAC Avenue, Hagerstown, MD 21740
Multi-Family, HAGERSTOWN, MD
Property Size3,605 SF
Lot Size0.07 Acres
Price / SF$127.57
Days on Market2
Property Features for 715 POTOMAC Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
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
3,605 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3547
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1965
Number of units
1
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: Oct 16
Last Checked: Oct 17 at 1:06AM
MLS# MDWA2040894
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.
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Investment Insights
Based on property information with market context.
This 3,605-square-foot apartment property in Hagerstown contains five units: four with one bedroom and one with two. Built in 1965, the Colonial-style building has brick construction and occupies a 0.0685-acre lot. Heating is provided by electric baseboard systems, and parking is on street.
Key Highlights
- Five apartments: four one‑bedroom units and one two‑bedroom unit
- 3,605 square feet of building area
- 0.0685‑acre lot
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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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 - The residential mix comprises four one-bedroom homes and one two-bedroom home.
Where is this apartment building located?
The property is located at 715 POTOMAC Avenue 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; 3,605 square feet of building area; 0.0685‑acre lot
