Turn-Key Duplex
For Sale
$199,000
829 CONCORD STREET, Hagerstown, MD 21740
Fully occupied upper and lower duplex with tenant-paid electric and owner-paid water, sewer, trash, landscaping, and snow removal.
Property Size1,594 SF
Price / SF$124.84
Days on Market110
Property Features for 829 CONCORD STREET
General Information
Standard status
Active
Size
1,594 SF
Property subtype
Duplex
Building Details
Year Built
1904
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1620
Listed By:
Jaime Howe · License #642564
(301) 745-9988
Source:
Cummingsrealtors
Added: Jul 14
Changed: Oct 31
Last Checked: Oct 30 at 3:30PM
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 Berkshire Hathaway HomeServices Homesale Realty
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Investment Insights
Based on property information with market context.
This turn-key duplex features an upper and lower unit that are fully occupied and currently rented. The property is professionally managed by Bowen Property Management, and both tenants pay their own electric. The owner covers water, sewer, trash, landscaping, and snow removal.
The duplex is located at 829 Concord Street in Hagerstown, Maryland.
With both units leased, the property provides an income-producing residential income setup in a duplex format with defined operating expense responsibilities.
The duplex is located at 829 Concord Street in Hagerstown, Maryland.
With both units leased, the property provides an income-producing residential income setup in a duplex format with defined operating expense responsibilities.
Key Highlights
- 1904‑built upper and lower duplex with both units fully occupied and rented
- Lower unit rents for $985/month with tenant‑paid electric
- Upper unit rents for $875/month with tenant‑paid electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,720
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,400
$334.4K
Cap Rate 7%
$238,857
$238.9K
Cap Rate 9%
$185,778
$185.8K
Market Conditions
NOI Build-Up for 1,594 SF
Gross rent
$25.8K $16.20/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$23.9K $14.99/SF
− OpEx
−$7.2K −$4.50/SF
NOI
$16.7K $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%
$334,400
Cap Rate 7%
$238,857
Cap Rate 9%
$185,778
Alternative Uses
Best Use
Multifamily LT 5
$238.9K
$209.0K – $278.7K
NOI $16,720 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$214.3K
$187.5K – $250.0K
NOI $15,002 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$353.6K
$309.4K – $412.5K
NOI $24,751 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
278
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?
Duplex - Fully occupied upper and lower duplex with tenant-paid electric and owner-paid water, sewer, trash, landscaping, and snow removal.
Where is this duplex located?
The property is located at 829 CONCORD STREET Hagerstown, MD.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1904‑built upper and lower duplex with both units fully occupied and rented; Lower unit rents for $985/month with tenant‑paid electric; Upper unit rents for $875/month with tenant‑paid electric
