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    Single-Story Four-Unit Apartment Building Title is generated by Realmo AI

    817 & 819 DALE Street, Hagerstown, MD 21740

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    For Sale
    $332,500

    MULTI_FAMILY - Rambler - HAGERSTOWN, MD

    Property size:
    2,344 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $141/SF
    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

    We can help!

    Listing Contact
    Adam Morgan Brand
    Adam Morgan Brand

    Listing agent Adam Morgan Brand License #5014818

    Listing office Pearson Smith Realty, LLC 776 Foxcroft Avenue, Ashburn, MD

    Listing date Jun 19, 2026

    MLS# MDWA2037706 Listing URL

    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

    This single-story, four-unit apartment building is configured as a quadplex and is fully occupied, with all four units currently leased. The property has been certified lead-free for each of the four units and maintains a current city rental license. Management is described as efficient, and utilities are set up with separate electric meters for each tenant, while the owner provides water, sewer, and trash services. Recent capital improvements include replacement windows and electric baseboard heating. The exterior and interior improvements support a turn-key approach for an operator seeking an income-producing residential asset.

    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
    2,344 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $351.2K
    $307.3K – $409.8K (±1% cap)
    NOI $24,587 @ 7.0% cap · market cap 7.39%
    Second Best
    Apartment 5plus
    $315.1K
    $275.8K – $367.7K (±1% cap)
    NOI $22,060 @ 7.0% cap · market cap 6.63%
    Theoretical Best
    Office A
    $520.0K
    $455.0K – $606.6K (±1% cap)
    NOI $36,397 @ 7.0% cap · market cap 10.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.73345
    Latitude
    39.64775

    FAQs

    What type of property is this?
    Quadplex - Fully occupied quadplex with all four units leased, offering immediate rental income and straightforward property management.
    Where is this quadplex located?
    The property is located at 817 & 819 DALE Street Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $332,500.
    What are key features of this property?
    This property features: 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
    More about this property
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