Turn-Key Duplex
829 CONCORD STREET Hagerstown, MD 21740
For Sale
$220,000
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$138.02
Days on Market20
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) 745-9988
Listed By:
Jaime Howe · License #642564
(301) 745-9988
Source:
Cummingsrealtors
Added: Jul 9
Changed: Jul 21
Last Checked: Jul 28 at 4:48AM
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
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 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 | $25.8k | $16.20 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $23.9k | $14.99 |
| − OpEx | −$7.2k | −$4.50 |
| NOI | $16.7k | $10.49 |
1,594 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$238.9K
$209.0K – $278.7K
NOI $16,720 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$214.3K
$187.5K – $250.0K
NOI $15,002 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$353.6K
$309.4K – $412.5K
NOI $24,751 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $220,000.
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
