821 Concord Street
Hagerstown, MD, 21740 $ 360,000
Bedrooms6 Baths0.0 Monthly Estimate*
$ 2,217
for $360,000 with 6 bedrooms. This home was built in 1923 on a lot size of 0.14.
Per the sellers 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 821823 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, 821823 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.
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FeaturesGeneralLiving Area 2032
Sewer Public Sewer
Heating Forced Air
Cooling Other
Possession Immediate
Zoning RMED
Architectural Style Colonial
Construction Materials Vinyl Siding
School District WASHINGTON COUNTY PUBLIC SCHOOLS
Year Built 1923
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Hagerstown
Section 3
Accessibility Doors - Swing In
County WASHINGTON
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions GPS
City HAGERSTOWN
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 6000.00
Tax Annual Amount 2887.0
Two Bedroom 0
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 177.17
Acceptable Financing Cash Conventional FHA
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 52
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InteriorHeating Fuel Natural Gas
Basement Other
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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ExteriorPool No Pool
Water Source Public
Type of Parking On Street
Foundation Details Permanent
Water View Y/N N
Lot Size Acres 0.14
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 35000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList Byroberto@rgrealtyinc.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,217
- Monthly Property Taxes
- $241
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Hagerstown, MD
Average List Price $456,334
Percent of Sale Price 27%
About Hagerstown, MD 41,204 Population
8% Since 2002
$ 41,616 Median Income
37.73 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533158 Elementary School
3534878 Middle School
South Hagerstown Sr High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/17/2026 | $360,000 | | Listed Price |