821-823 Concord St, Hagerstown, MD 21740
Local realty services provided by:ERA Central Realty Group
821-823 Concord St,Hagerstown, MD 21740
$360,000
- 6 Beds
- - Baths
- 2,032 sq. ft.
- Multi-family
- Active
Listed by: roberto g. gonzalez
Office: rg realty, inc.
MLS#:MDWA2034352
Source:BRIGHTMLS
Price summary
- Price:$360,000
- Price per sq. ft.:$177.17
About this home
Per the seller’s 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 821–823 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, 821–823 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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Home facts
- Year built:1923
- Listing ID #:MDWA2034352
- Added:3 day(s) ago
- Updated:February 20, 2026 at 02:41 PM
Rooms and interior
- Bedrooms:6
- Living area:2,032 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1923
- Building area:2,032 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:SOUTH HAGERSTOWN SR
- Middle school:WESTERN HEIGHTS
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$360,000
- Price per sq. ft.:$177.17
- Tax amount:$2,887 (2025)
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