Colonial Duplex with Rented
836-838 Hamilton Boulevard Hagerstown, MD 21742
836-838 Hamilton Boulevard, Hagerstown, MD, 21742
$450,000
Pending
For Sale
$450,000
Pending
Side-by-side duplex with separate gas and electric meters and fully rented one- and three-bedroom units.
Property Size1,624 SF
Days on Market111
Property Features for 836-838 Hamilton Boulevard
General Information
- Standard status
- Pending
- Size
- 1,624 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1913
Listing agency
Mackintosh , Inc.
(301) 800-9065
Listed by
Brian Richards · License #661852
(301) 800-9065
Source
Compass
Added: Apr 4 Updated: Jul 22 at 9:21PM Checked: Jul 22 at 9:21PM
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 Mackintosh , Inc.
Investment Insights
Based on property information with market context.
Well-maintained Colonial duplex in Hagerstown featuring two building sides. Side 836 includes two one-bedroom units that share heat and have in-unit laundry. Side 838 includes one three-bedroom unit.
Each side has separate gas meters, and each unit has its own electric meter. The property is in city limits and all units are fully rented.
With a total of three residential units, the duplex offers separate utility metering and a layout that supports both one-bedroom and three-bedroom configurations under one ownership.
Each side has separate gas meters, and each unit has its own electric meter. The property is in city limits and all units are fully rented.
With a total of three residential units, the duplex offers separate utility metering and a layout that supports both one-bedroom and three-bedroom configurations under one ownership.
Key Highlights
- Side‑by‑side Colonial duplex in Hagerstown built in 1913
- Fully rented units: Side 836 has two 1‑bedroom units; Side 838 has one 3‑bedroom unit
- Separate utilities: each unit has its own electric meter, and both sides share heat with separate gas meters
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 | $26.3k | $16.20 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $24.3k | $14.99 |
| − OpEx | −$7.3k | −$4.50 |
| NOI | $17.0k | $10.49 |
1,624 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.4K
$212.9K – $283.9K
NOI $17,035 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$218.3K
$191.1K – $254.7K
NOI $15,284 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$360.2K
$315.2K – $420.3K
NOI $25,217 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with separate gas and electric meters and fully rented one- and three-bedroom units.
Where is this duplex located?
The property is located at 836-838 Hamilton Boulevard Hagerstown, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Side‑by‑side Colonial duplex in Hagerstown built in 1913; Fully rented units: Side 836 has two 1‑bedroom units; Side 838 has one 3‑bedroom unit; Separate utilities: each unit has its own electric meter, and both sides share heat with separate gas meters
