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Charles C. Heyward, Jr.

charles@heywardhomes.com +1(240) 604-9639

Listed by Roberto Gonzalez • RG Realty, Inc.

$ 800,000

Est. payment | -/mo

8,524 SqFt

Save

$ 800,000

Est. payment | -/mo

Save

8,524 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 8,524 sqft

Price per Sqft $93

MLS Listing ID MDWA2039250

Style Colonial

Abv Grd Liv Area 8,524

Year Built 1903

Annual Tax Amount $14,313

Tax Year 2025

Lot Size 0.257 Acres

Acres 0.26

Property Sub-Type Detached

Source BRIGHT

Property Description

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.

Location

State MD

County Washington

Zoning RO

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Garage - Front Entry

Garage Spaces 2.0

Water Access N

Accessibility None

Attached Garage 2

Total Parking Spaces 2

Garage Y

Private Pool No

Building

Foundation Block, Concrete Perimeter

Above Ground Finished SqFt 8524

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools North Hagerstown

School District Washington County Public Schools

Others

Tax ID 2222004328

Ownership Fee Simple

SqFt Source 8524

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 604-9639

charles@heywardhomes.com

16701 Melford Blvd, Ste 100, Bowie, MD, 20715

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400 N POTOMAC ST Hagerstown, MD 21740