Four-Unit Single-Story Apartment

817 DALE Street Hagerstown, MD 21740

Claim this Listing
For Sale
$329,900

MULTI_FAMILY - Rambler - HAGERSTOWN, MD

Property size:
2,344 SF
Lot size:
0.11 Acres
Price / SF:
$140/SF
Added:
Jun 19, 2026
Days on Market:
24
Last Refresh:
Jul 12 at 12:06 pm

Property Features for 817 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
Baseboard, Electric (Heating)

Building Details

Year built
1912
Number of units
4
Building materials
Block
Architectural style
Rambler

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.


Investment Insights

Based on property information with market context.

Single-story four-unit apartment building offered for sale. All four units are currently leased, providing immediate income upon closing, with staggered lease expirations through March 2027. The property has separate electric meters for each tenant, while water, sewer, and trash services are provided by the owner. The building features off-street parking for four vehicles and side and rear alley access.

The offering includes a current city rental license and lead-free certification for all units. Recent capital improvements include replacement windows and electric baseboard heating. Professional management is in place through Gold Coast Real Estate Group, and detailed income and expense documentation is available upon request.

The property is located at 817 DALE Street in Hagerstown, Maryland, within easy access to major interstates and shopping. A 24-hour notice is required for all showings.

Key Highlights

  • Fully occupied 4‑unit, single‑story apartment building; all units are currently leased for immediate income at closing
  • Total monthly rent is $3,325, with staggered lease expirations through March 2027
  • City rental license and lead‑free certification for all units reported

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 7.45%
Second Best
Apartment 5plus
$315.1K
$275.8K – $367.7K (±1% cap)
NOI $22,060 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$520.0K
$455.0K – $606.6K (±1% cap)
NOI $36,397 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Pharmacy Garden Center Skin Care Clinic Florist (Bike/Boat/Book/etc) Store Acupuncture

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

FAQs

What type of property is this?
Quadplex - Fully occupied four-unit apartment with separate electric meters and off-street parking for four vehicles.
Where is this quadplex located?
The property is located at 817 DALE Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Fully occupied 4‑unit, single‑story apartment building; all units are currently leased for immediate income at closing; Total monthly rent is $3,325, with staggered lease expirations through March 2027; City rental license and lead‑free certification for all units reported
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