Features & Amenities

Interior

  • Total Bedrooms

    16

  • Bathrooms

    N/A

  • Above Grade Finished Area

    7000.0

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.12

  • Lot Size(square feet)

    5,322

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other

Price

  • Sales Price

    $899,000

  • Tax Amount

    $13,736

  • Sq. Footage

    7,000

  • Price/SqFt

    $128

HOA

  • Association

    N/A

  • Total Monthly Fees

    true

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • New Construction

    NO

  • Foundation Details

    Permanent

  • Sewer

    Public Sewer

  • Water Source

    Public

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Listing Courtesy of Bradley J Bygall, Inch & Co. Real Estate, LLC

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Strong cash-flow opportunity in Hagerstown: an 8-unit all-brick multifamily generating approximately $102,600 in annual income. This purpose-built corner building features eight 2-bedroom, 1-bathroom apartments, each offering a practical layout with rear balcony and dual entrances. Durable brick construction keeps exterior maintenance low, while the consistent unit mix simplifies management and leasing. Conveniently located just off Burhans Boulevard with easy access to shopping, restaurants, public transportation, and major highways. A solid income-producing asset ideal for investors looking to expand an existing portfolio or enter the multifamily market.         This listing is cross-listed in the commercial section of the MLS

400 MITCHELL AVENUE

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I agree to be contacted by Charis Realty Group - Christine Issler, Broker via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

400 North Potomac Street, together with 2 and 4 East North Avenue, is an 8 unit and space mixed use income property in the North End of Hagerstown, Maryland. The property consists of seven one bedroom, one-bathroom apartments and one ground floor commercial space, all under professional third-party management. It is 87.5% occupied, with 7 of 8 units and spaces leased. Current collected rent is $8,065 per month, or $96,780 annually. Scheduled rent, including Unit 2B at its listed rent of $1,150, is $9,215 per month, or $110,580 annually. Deposits held total $7,375.

The building has been meaningfully improved. The roof has been recently replaced, and the property carries all new replacement windows throughout, the two largest capital items on a building of this vintage. A buyer steps into that work rather than budgeting for it.

Underwriting reflects reported 2026 year to date results, annualized, plus owner paid real estate taxes of $14,313, insurance of $7,518, and a 7% management fee of $6,737. All in net operating income is approximately $53,261, a 6.66% capitalization rate at the $800,000 offering price.

Interior access to occupied units is available only after ratification, during the feasibility and due diligence period. The vacant unit is available for showing at any time to qualified, prequalified buyers. Do not disturb tenants.
#MDWA2039250

HAGERSTOWN

400 N POTOMAC STREET

7 Beds

None Baths

8,524 Sq.Ft.

$760,000

MLS#: MDWA2039250

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