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Hagerstown Duplex with Rental Income

904 - 906 CHESTNUT Street Hagerstown, MD 21740

For Sale

$284,900

MULTI_FAMILY - Colonial - HAGERSTOWN, MD

Property size:

1,724 SF

Lot size:

0.26 Acres

Price / SF:

$165/SF

For Sale

$284,900

MULTI_FAMILY - Colonial - HAGERSTOWN, MD

Property size:

1,724 SF

Lot size:

0.26 Acres

Price / SF:

$165/SF

Added:: May 26, 2026
Days on Market:: 48
Last Refresh:: Jul 12 at 3:06 am

Property Features for 904 - 906 CHESTNUT Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking: 2
Parking features: Driveway, Garage - Detached, On Street
Standard status: Active
Size: 1,724 SF
Lot size: 0.26 Acres

Taxes and HOA fees

Tax Annual Amount: 3441

Utilities

Heating system: Electric (Heating), Baseboard

Building Details

Year built: 1938
Number of units: 2
Building materials: Aluminum Siding
Architectural style: Colonial

Listing agent Christian L Dickerson License #602651

Listing office The Glocker Group Realty Results 17339 VIRGINIA Avenue, HAGERSTOWN, MD

Listing date May 26, 2026

MLS# MDWA2037256 Listing URL

Investment Insights

Based on property information with market context.

This fully rented up-and-down duplex in Hagerstown, MD, presents an excellent investment opportunity in a prime location. The property features two 2-bedroom, 1-bath units, each with separate electric meters. A detached 2-car garage is also included. Unit 904 currently rents for $950 per month, while Unit 906 is rented below market value at $800 per month, suggesting potential for increased cash flow. Property improvements include replacement windows and an upgraded 200-amp electrical panel. Situated on a 0.2583-acre lot, the property offers 1724 square feet of living space. This residential income property represents a solid addition to any investment portfolio, offering stable income and future growth opportunities. The property has a strong rental history. The property is located at 904 - 906 CHESTNUT Street, HAGERSTOWN, MD 21740.

Key Highlights

Fully rented up‑and‑down duplex with two 2‑bedroom, 1‑bath units (Units 904 and 906)
Separate electric meters for each unit, plus a detached 2‑car garage
Current rents: Unit 904 at $950/month and Unit 906 at $800/month

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.9k	$16.20
− Vacancy	−$2.1k	−$1.22
EGI	$25.8k	$14.99
− OpEx	−$7.8k	−$4.50
NOI	$18.1k	$10.49

1,724 SF · lease $16.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$258.3K

$226.1K – $301.4K (±1% cap)

NOI $18,084 @ 7.0% cap · market cap 6.35%

Second Best

Apartment 5plus

$231.8K

$202.8K – $270.4K (±1% cap)

NOI $16,225 @ 7.0% cap · market cap 5.69%

Theoretical Best

Office A

$382.4K

$334.6K – $446.2K (±1% cap)

NOI $26,769 @ 7.0% cap · market cap 9.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
MD
Hagerstown
21740
904 - 906 CHESTNUT Street

What type of property is this?

Duplex - Fully rented duplex with income and upside potential.

Where is this duplex located?

The property is located at 904 - 906 CHESTNUT Street Hagerstown, MD.

What is the asking price?

The asking price for this property is $284,900.

What are key features of this property?

This property features: Fully rented up‑and‑down duplex with two 2‑bedroom, 1‑bath units (Units 904 and 906); Separate electric meters for each unit, plus a detached 2‑car garage; Current rents: Unit 904 at $950/month and Unit 906 at $800/month

904 - 906 CHESTNUT Street Hagerstown, MD 21740

MULTI_FAMILY - Colonial - HAGERSTOWN, MD

Property Features for 904 - 906 CHESTNUT Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Five-Unit Apartment Building

Six-Unit Apartment Building

HAGERSTOWN Redevelopment Opportunity

Downtown Flex Building with Drive-Through

Radio Station on 6.75 Acres

HAGERSTOWN Multi-Unit Investment Opportunity

Brick Quadplex with Two-Bay Garage

Single-Story Four-Unit Apartment

Hagerstown Triplex: Investment Opportunity

5-Unit Multi-Family Building with Parking

Over-Under Duplex with 4-Car Driveway

Three-Unit Apartment Investment

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