817 & 819 DALE Street, Hagerstown, MD 21740
MULTI_FAMILY - Rambler - HAGERSTOWN, MD
- Added:
- Jun 19, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 22 at 4:06 pm
Property Features for 817 & 819 DALE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Appliances
- Refrigerator, Oven/Range - Electric, WaterHeater
- Standard status
- Active
- Size
- 2,344 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3909
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1912
- Number of units
- 4
- Building materials
- Block
- Architectural style
- Rambler
Listing agent Adam Morgan Brand License #5014818 (301) 514-3392
Listing office Pearson Smith Realty, LLC 776 Foxcroft Avenue, Ashburn, MD (304) 315-2773
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
- Fully occupied 4‑unit, single‑story apartment building with all four units currently leased
- Leases have staggered expirations through early 2027 for rental stability
- Separate electric meters for each tenant; owner provides water, sewer, and trash services
- Certified lead‑free status for all four units plus a current city rental license
- Recent capital improvements including replacement windows and electric baseboard heating
- Rear off‑street parking lot holds 4 vehicles with alley access on both side and rear
Overview
The building is located at 817 & 819 DALE Street in Hagerstown, Washington County, Maryland. Tenant parking includes on-street parking plus a dedicated off-street parking lot in the rear that accommodates four vehicles. Alley access is available on both the side and rear of the parking lot, supporting convenient movement to and from the property.
For tenants, the layout is supported by individually metered electric and the convenience of nearby shopping and major interstate access mentioned in the remarks. For buyers, the property offers leased-up occupancy at closing and staggered lease expirations through early 2027, which is intended to support continuity of collections. A 48-hour showing notice is required, with 24 hours’ notice provided to tenants. Income and expense documentation is available for review.
Local Financial Insights For Multifamily LT 5
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 | $38.0k | $16.20 |
| − Vacancy | −$2.8k | −$1.22 |
| EGI | $35.1k | $14.99 |
| − OpEx | −$10.5k | −$4.50 |
| NOI | $24.6k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.73345
- Latitude
- 39.64775