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MLS: #MDWA2039250, Listed By: Roberto Gonzalez, RG Realty, Inc., Source:Bright MLS

400 N Potomac Street

HAGERSTOWN, MD 21740
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Bed 7

Bed

Bath 0

Bath

SqFt8,524

Sqft

Acres0.26

Acre(Lot)

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 t hat 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $800,000

AD Id : 89458198

MLS Id : MDWA2039250

Beds : 7

Lot Size : 0.26 Acre

Living Area Size : 8,524

Year Built : 1903

Garage : 2

County : WASHINGTON

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Feature Features

  • Bedroom Information

    Total beds: 7
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1903 Building Area Total: 8524 Construction Materials: Concrete, Stone, Block Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.26 Lot Size Source: Assessor Lot Size Square Feet: 11200

  • Listing Price Information

    Listing Price: $800000

  • Tax Information

    Parcel Number: 2222004328 Tax Year: 2025 Annual Tax: $14313

  • Parking Information

    Parking Total: 2 Garage, Driveway, Attached

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • School Information

    Elementary School:
    Junior High School:
    Senior High School: NORTH HAGERSTOWN
  • Location Information

    Direction: Corner of Potomac St WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9947 Crossfield Road, Hagerstown, MD, 21740 $675,000 8 -- 1,428 1,428 SqFt
382 S Cleveland Avenue, Hagerstown, MD, 21740 $650,000 7 -- 5,602 5,602 SqFt
608 N Mulberry Street, Hagerstown, MD, 21740 $379,900 6 -- 2,502 2,502 SqFt
601-603 N Mulberry Street, Hagerstown, MD, 21740 $389,900 4 -- 5,580 5,580 SqFt
422 N Locust Street, Hagerstown, MD, 21740 $284,990 3 -- 2,580 2,580 SqFt
228 E Washington Street, Hagerstown, MD, 21740 $275,000 3 -- 2,048 2,048 SqFt
545-547 Frederick Street, Hagerstown, MD, 21740 $199,000 6 -- 2,240 2,240 SqFt
106 Randolph Avenue, Hagerstown, MD, 21740 $279,000 3 -- 1,998 1,998 SqFt
16 S Mulberry Street, Hagerstown, MD, 21740 $525,000 6 -- 4,316 4,316 SqFt
629 Oak Hill Avenue, Hagerstown, MD, 21740 $1,175,000 12 -- 8,319 8,319 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 08/20/2026 @ 13:28

MLS: MDWA2039250 LISTED BY: Roberto Gonzalez, RG Realty, Inc. 240-203-6393 SOURCE: Bright MLS

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