Property profile

27 Baltimore St Hagerstown, MD 21734

OFF-MARKET
Apartment buildings
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Property summary

AI-generated overview

This exceptional five-unit apartment building presents a compelling investment opportunity in the charming historic town of Funkstown, Maryland. Located at 27 W Baltimore St, 21734, this Class C multifamily property offers a blend of convenience and profitability. The building comprises three one-bedroom units and two two-bedroom units, all currently occupied by long-term tenants. Each unit benefits from separately metered utilities, significantly reducing operating expenses and maximizing the owner's return. A convenient rear parking lot provides approximately six spaces for tenant use. The property's prime location offers easy access to local amenities and dining establishments. The current rent roll exceeds $5,000 per month, with tenants responsible for their own utilities under a RUBS (Rent Utility Billing System) arrangement. This translates to a consistently strong cash flow and a low-maintenance investment. This fully occupied property represents a rare opportunity to acquire a stable and profitable income-generating asset in a desirable location. The asking price is $589,000.

Property profile

Verified
Property type Apartment buildings

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

27 Baltimore St Hagerstown, MD 21734
Hagerstown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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