MD
WASHINGTON
HAGERSTOWN
21740
821 CONCORD STREET
821 CONCORD STREET, HAGERSTOWN, MD 21740
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Listing Type
Multi Family
Listing Status
Active
77
$360,000

Home Details for 821 CONCORD STREET

Price
$360,000
Type
Residential Income
Bedrooms
6
Bathrooms
Square feet
2032
Year built
1923
Lot size acres
0.14
County
WASHINGTON
Garage
Basement
Other
Days on site
6
MLS Listing#
MDWA2034352
Property Description

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.

Property Features
  • Cooling Information
    • Other
    • Electric
  • Heating Information
    • Natural Gas
    • Forced Air
  • Water Features
    • Public
  • Parking
    • On Street
  • Basement
    • Other
School Information
School Information for 821 CONCORD STREET, HAGERSTOWN, MD 21740
Elementary School
N/A
Middle School
WESTERN HEIGHTS
High School
SOUTH HAGERSTOWN SR
Listing Courtesy: RG Realty, Inc. - 240-203-6393
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Last Updated: 2026-02-19 08:31:43
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