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sales rep | Brivity IDX

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400 N Potomac St , Hagerstown, MD 21740
$760,000
Est. Payment: $4,173.23/mo
8524 Sqft
0.26 Acres
Status: active | Days on site: 81
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RGRE1 - 124248
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House 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.

Highlights

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

Property Type

Commercial Sale

Lot/Acreage
0.26

Year Built

1903

County

Washington

School District

Washington County Public Schools

Listing ID

MDWA2039256

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Garage Capacity:5
Zoning:RO
Sewer:Public Sewer
Parking Features:Driveway,On Street,Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$4,173
Taxes
$1,193

Home Price

$760,000

Loan Details

30 yrs
7.312%

Down Payment

20%
$152,000
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:
$4,173.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,173.23 $1,192.75 $0.00 $5,365.98
Yearly $50,078.77 $14,313.00 $0.00 $64,391.77
Total $1,502,363.03 $429,390.00 $0.00 $1,931,753.03
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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: 2026-11-14T03:13:49.000Z

© 2026 Bright MLS