USAMDHagerstown345 N Potomac St
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$799,000

For Sale

19 hours ago

345 N Potomac St, Hagerstown, MD

House

MLS® MDWA2038736

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $5,218
Days Active 0
Lot Size 0.44 Acres
Approx. Age 1940
MLS® Number MDWA2038736

Property Address: 345 N Potomac St, HAGERSTOWN, MD, 21740-3862

Average square foot calculated using Size range provided by listing agent.

Description

Presenting a distinctive seven-unit residential investment property located at 345 N Potomac Street in Hagerstown. The offering includes a substantial historic brick building containing six apartments, together with a separate two-bedroom cottage located at 3 W North Avenue. The main building offers approximately 8, 093 square feet and sits on a prominent 19, 090 square foot corner parcel with strong street presence, paved parking, garage and storage space. The six-unit building consists of one two-bedroom apartment, four one-bedroom apartments, and one three-bedroom apartment. Five of the six units are currently occupied, producing approximately $6, 025 per month in existing rental income. The current market rent indicated for the main building is approximately $7, 125 per month, providing immediate upside through the lease up of the vacant one-bedroom unit and continued professional management. The separate cottage contains two bedrooms and one bathroom and is presently vacant. Its indicated market rent is approximately $1, 750 per month, creating another meaningful opportunity for a purchaser to increase income shortly after acquisition. Based on the current rent roll, the property generates approximately $72, 300 in annual in place rent, with total projected market rent of approximately $106, 500 annually once the vacant apartment and cottage are leased. The combination of existing income, two available units, varied apartment sizes, off street parking, garage and storage areas, and a recognizable historic brick exterior makes this a strong value add opportunity for an investor seeking scale in the Hagerstown rental market.
MLS® NumberMDWA2038736
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
Basement
DrivewayOn Street
Garage Spaces
HeatSteam, Natural Gas
A/CWindow Unit(s), Electric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 19, 2026List Date
$799,000List Price
  • Commute

Commute

Starting Address
Destination Address
345 N Potomac St, Hagerstown, MD

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