27 Baltimore St, Hagerstown, MD 21734
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.