Colonial
For Sale
$419,900
836 Hamilton Boulevard, Hagerstown, MD 21742
The two addresses are offered together, with separate gas meters and individual electric meters for each unit.
Property Size1,624 SF
Price / SF$258.56
Days on Market102
Property Features for 836 Hamilton Boulevard
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Multi-Family
Building Details
Year Built
1913
Construction
Colonial
Listing Agency:
Mackintosh , Inc.
Listed By:
Brian Richards, Charnita Richards · License #661852
(301) 800-9065
Source:
Localrealestateleaders
Added: Jul 2
Changed: Oct 5
Last Checked: Oct 7 at 5:36PM
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.
This Colonial duplex includes 836 and 838 Hamilton Blvd, offered together as one property in Hagerstown, Maryland. The property is described as well maintained and is fully rented.
Gas service is separately metered for each side, while every unit has its own electric meter. These utility arrangements provide distinct metering across the duplex while preserving the combined offering.
Gas service is separately metered for each side, while every unit has its own electric meter. These utility arrangements provide distinct metering across the duplex while preserving the combined offering.
Key Highlights
- 836 and 838 Hamilton Blvd are being sold together
- Fully rented multifamily property
- Separate gas meters for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,284
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,680
$305.7K
Cap Rate 7%
$218,343
$218.3K
Cap Rate 9%
$169,822
$169.8K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$29.8K $18.36/SF
− Vacancy
−$2.0K −$1.25/SF
EGI
$27.8K $17.11/SF
− OpEx
−$12.5K −$7.70/SF
NOI
$15.3K $9.41/SF
Area
Washington County, MD
Vacancy
6.80%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,680
Cap Rate 7%
$218,343
Cap Rate 9%
$169,822
Alternative Uses
Best Use
Apartment 5plus
$218.3K
$191.1K – $254.7K
NOI $15,284 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.2K
$315.2K – $420.3K
NOI $25,217 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The two addresses are offered together, with separate gas meters and individual electric meters for each unit.
Where is this multifamily property located?
The property is located at 836 Hamilton Boulevard Hagerstown, MD.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 836 and 838 Hamilton Blvd are being sold together; Fully rented multifamily property; Separate gas meters for each side
