$ 360,000
-
$360,000
Price -
6
Bed -
0
Bath -
2,032
SqFt
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About the Listing RGRE1 - 124248
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.
Listing Highlights
Status
Active
Days on Site
32
Property Type
Multi-Family
MLS ®
MDWA2034352
Year Built
1923
Total Square Footage
2,032
Lot/Acreage
0.14
County
Washington
School District
Washington County Public Schools
Middle School
Western Heights
High School
South Hagerstown Sr
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2032
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: RMED
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,887
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
821 Concord St Hagerstown, MD 21740
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