Colonial Duplex With Fully Rented
For Sale
$419,900
838 HAMILTON Boulevard, Hagerstown, MD 21742
MULTI_FAMILY - Colonial - HAGERSTOWN, MD
Property Size1,626 SF
Lot Size0.07 Acres
Price / SF$258.24
Days on Market116
Property Features for 838 HAMILTON Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Elementary school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district
WASHINGTON COUNTY PUBLIC SCHOOLS
High school district
WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
1,626 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2948
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1913
Number of units
2
Building materials
Brick, Stone
Architectural style
Colonial
Listing Agency:
Mackintosh , Inc.
(301) 790-1700
Listed By:
Brian Richards · License #661852
(301) 800-9065
Added: Apr 8
Changed: Jul 30
Last Checked: Aug 1 at 10:06AM
MLS# MDWA2035486
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Colonial duplex is well maintained and offered as a single package with both sides being sold together. Both sides include fully rented residential units. Side 838 features two one-bedroom units that share heat and a laundry area, plus one three-bedroom unit. Each side has separate gas meters, and each unit has its own electric meter. Construction materials include brick and stone, and the property is heated with forced air and cooled with window unit(s). The configuration also includes a basement.
The property sits on a 0.067-acre lot and includes on-street parking.
Built in 1913, this duplex presents a straightforward income-focused setup with multiple unit types and individually metered electricity, while heat on the two one-bedroom units is shared within side 838.
The property sits on a 0.067-acre lot and includes on-street parking.
Built in 1913, this duplex presents a straightforward income-focused setup with multiple unit types and individually metered electricity, while heat on the two one-bedroom units is shared within side 838.
Key Highlights
- Both sides (836 and 838) sold together
- Side 838: two one‑bedroom units share heat and laundry
- Side 838: one three‑bedroom unit
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 | $24.4k | $14.99 |
| − OpEx | −$7.3k | −$4.50 |
| NOI | $17.1k | $10.49 |
1,626 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.2K – $284.3K
NOI $17,056 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$218.6K
$191.3K – $255.1K
NOI $15,303 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$360.7K
$315.6K – $420.8K
NOI $25,248 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Colonial duplex with one- and three-bedroom units, separate utility meters, and on-street parking.
Where is this duplex located?
The property is located at 838 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: Both sides (836 and 838) sold together; Side 838: two one‑bedroom units share heat and laundry; Side 838: one three‑bedroom unit
