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sales rep | Brivity IDX

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345 N Potomac St , Hagerstown, MD 21740
$799,000
Est. Payment: $4,387.38/mo
8093 Sqft
0.44 Acres
Status: active | Days on site: 104
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RGRE1 - 124248
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House 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.

Highlights

Listed by Roberto G. Gonzalez , 3019910207 RG Realty, Inc. , 2402036393. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.44

Year Built

1940

County

Washington

School District

Washington County Public Schools

Listing ID

MDWA2038736

Questions about this listing?

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Interior Features

Air Cond:Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:RO
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$4,387
Taxes
$435

Home Price

$799,000

Loan Details

30 yrs
7.312%

Down Payment

20%
$159,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,387.38

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,387.38 $434.83 $0.00 $4,822.22
Yearly $52,648.60 $5,218.00 $0.00 $57,866.60
Total $1,579,457.98 $156,540.00 $0.00 $1,735,997.98
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Hagerstown, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T09:11:29.000Z

© 2026 Bright MLS