Colonial Brick
For Sale
$419,900
838 HAMILTON Boulevard, Hagerstown, MD 21742
Multi-Family, HAGERSTOWN, MD
Property Size1,626 SF
Lot Size0.07 Acres
Price / SF$258.24
Days on Market182
Property Features for 838 HAMILTON Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
3
Building materials
Brick, Stone
Architectural style
Colonial
Listing Agency:
Mackintosh , Inc.
(301) 790-1700
Listed By:
Brian Richards · License #661852
(301) 662-0155
Added: Apr 8
Changed: Aug 28
Last Checked: Oct 6 at 12:06AM
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 1,626-square-foot Colonial triplex was built in 1913 and features brick and stone construction. The property includes a basement, forced-air heating, window-unit cooling, and on-street parking. Separate gas meters serve the property, while each unit has its own electric meter.
Set on 0.067 acres in Hagerstown, the property is fully rented and offered as a multifamily income asset. Its established construction, individually metered electric service, and existing occupancy provide a straightforward operating configuration.
Set on 0.067 acres in Hagerstown, the property is fully rented and offered as a multifamily income asset. Its established construction, individually metered electric service, and existing occupancy provide a straightforward operating configuration.
Key Highlights
- Triplex with 1,626 square feet of property size
- Built in 1913 with brick and stone construction
- Fully rented multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,056
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,120
$341.1K
Cap Rate 7%
$243,657
$243.7K
Cap Rate 9%
$189,511
$189.5K
Market Conditions
NOI Build-Up for 1,626 SF
Gross rent
$26.3K $16.20/SF
− Vacancy
−$2.0K −$1.22/SF
EGI
$24.4K $14.99/SF
− OpEx
−$7.3K −$4.50/SF
NOI
$17.1K $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%
$341,120
Cap Rate 7%
$243,657
Cap Rate 9%
$189,511
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied Colonial income property with separate gas and electric metering for the units.
Where is this triplex 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: Triplex with 1,626 square feet of property size; Built in 1913 with brick and stone construction; Fully rented multifamily property
