USAMDHagerstown821 Concord St
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New
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$360,000

2 days ago

821 Concord St, Hagerstown, MD

0 Bed

0 Bath

2032 sqft

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MLS® MDWA2034352

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2032 sqft
Garage No
Taxes $2,887
Days Active 2
Lot Size 0.14 acres
Approx. Age 1923
Avg. Price Per Sqft $177
MLS® Number MDWA2034352

Property Address: 821 Concord St, HAGERSTOWN, MD, 21740-5227

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

Description

Per the seller’s request, showings are limited to serious buyers only, and all prospective buyers must be pre-approved prior to scheduling. Turn-Key Duplex Investment with Strong Cash Flow Located at 821–823 Concord Street, this well-maintained duplex offers a solid, stabilized investment opportunity with strong cash flow and built-in rent growth. The property consists of two large residential units, each configured as 3 bedrooms and 1.5 bathrooms, a highly desirable layout that supports long-term tenant demand. The 821 unit is leased at a current rent of $1, 648 per month, with scheduled increases to $1, 697 and $1, 748 in future lease years. The 823 unit is leased at $1, 576 per month. Both tenants are responsible for their own utilities, resulting in a clean and efficient operating structure for ownership. For 2025, the property generated total rental income of $37, 927.74, with no additional income sources reported. Operating expenses were well controlled at $7, 895.20, consisting primarily of property taxes, insurance, and routine repairs and maintenance. As a result, the property produced a Net Operating Income of $30, 032.54, reflecting a strong operating margin and cash flow equal to NOI. Both units are occupied by reliable tenants under long-term leases with scheduled rent escalations, providing predictable income and reduced turnover risk. There is no deferred maintenance, allowing a new owner to step into a stabilized, low-maintenance asset from day one. Overall, 821–823 Concord Street represents a clean, turn-key duplex investment with strong cash flow, tenant-paid utilities, contractual rent growth, and long-term appreciation potential, well suited for investors focused on dependable income and portfolio growth.
MLS® NumberMDWA2034352
Laundry Level
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageNo
Approx. Age1923
BasementOther
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 17, 2026List Date
$360,000List Price
  • Commute

Commute

Starting Address
Destination Address
821 Concord St, HAGERSTOWN, MD

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