Two-Unit
New
For Sale
$329,900
828 HAMILTON BOULEVARD, Hagerstown, MD 21742
The property contains two residential units in a 2,250-square-foot building.
Property Size2,250 SF
Price / SF$146.62
Days on Market5
Property Features for 828 HAMILTON BOULEVARD
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Additional Details
Multifamily Units
2
Building Details
Year Built
1914
Listing Agency:
Real Estate Innovations
(301) 745-1500
Listed By:
Alice J Guy · License #80505
(717) 977-9031
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 1:58AM
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 Real Estate Innovations
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Investment Insights
Based on property information with market context.
This duplex in Hagerstown contains two residential units within 2,250 square feet of building area. The property was built in 1914.
Located on Hamilton Boulevard, the property is in Hagerstown, Maryland.
Located on Hamilton Boulevard, the property is in Hagerstown, Maryland.
Key Highlights
- Two‑unit duplex
- 2,250 square feet of building area
- Built in 1914
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,601
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,020
$472.0K
Cap Rate 7%
$337,157
$337.2K
Cap Rate 9%
$262,233
$262.2K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$36.5K $16.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$33.7K $14.99/SF
− OpEx
−$10.1K −$4.50/SF
NOI
$23.6K $10.49/SF
Area
Washington County, MD
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,020
Cap Rate 7%
$337,157
Cap Rate 9%
$262,233
Alternative Uses
Best Use
Multifamily LT 5
$337.2K
$295.0K – $393.4K
NOI $23,601 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$302.5K
$264.7K – $352.9K
NOI $21,176 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$499.1K
$436.7K – $582.3K
NOI $34,937 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
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Business Placement
Demographics for 21742, MD
33,069
Population
14,099
Households
2.3
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
46.5 sq mi
ZIP Area
711
Density / Sq Mi
$80,533
Median Household Income
$45,717
Median Earnings
$1,267
Median Rent
$280,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains two residential units in a 2,250-square-foot building.
Where is this duplex located?
The property is located at 828 HAMILTON BOULEVARD 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: Two‑unit duplex; 2,250 square feet of building area; Built in 1914
