CHARIS REALTY GROUP

Other

407 MCDOWELL AVENUE 409

HAGERSTOWN , MD 21740

MLS#: MDWA2033930

$299,000

Status: Active
Listing number: MDWA2033930
Listing provided by: RG Realty, Inc.
Listing agent phone: None
Last update: 4 hours ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1910

Sq.Footage

2,588

This well maintained duplex offers a solid investment opportunity with established rental income and clear upside through future rent growth. The property consists of two residential units and an additional garage rental, providing diversified income from a single location. The unit at 407 McDowell Street is currently rented at $1,275 per month. In addition, a detached garage associated with this unit is rented separately for $55 per month on a month to month basis, with the garage tenant in place since 2018. The unit at 409 McDowell Street is currently rented at $1,200 per month on a month to month basis, with the original lease signed in 2019. Both residential units have long term tenants, reflecting stable occupancy and consistent rental performance. Current rents are below today’s market levels, creating a value add opportunity for a new owner to gradually increase rents over time while maintaining tenant stability. This makes the property well suited for an investor seeking immediate cash flow with the ability to improve returns through measured rent adjustments. The duplex is an attractive option for an owner investor or long term holder looking to acquire a manageable asset with proven income history and upside potential.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2588.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Oil, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street, Shared Driveway, Driveway

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.16

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Other

Price

  • Sales Price

    $299,000

  • Tax Amount

    2373.74

  • Sq. Footage

    2, 588

  • Price/SqFt

    $115

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    WESTERN HEIGHTS

  • High School

    SOUTH HAGERSTOWN SR

Property Features

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Tax Lot

    41

  • Water Source

    Public

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Location

County

WASHINGTON

Elementary School

Middle School

WESTERN HEIGHTS

High School

SOUTH HAGERSTOWN SR

Listing Courtesy of Roberto G. Gonzalez , RG Realty, Inc.

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Agent Marsha DeGirolamo

AGENT

Marsha DeGirolamo

Call Marsha today to schedule a private showing.

(240) 731-6911

marsha@charisrealty.com


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This well maintained duplex offers a solid investment opportunity with established rental income and clear upside through future rent growth. The property consists of two residential units and an additional garage rental, providing diversified income from a single location. The unit at 407 McDowell Street is currently rented at $1,275 per month. In addition, a detached garage associated with this unit is rented separately for $55 per month on a month to month basis, with the garage tenant in place since 2018. The unit at 409 McDowell Street is currently rented at $1,200 per month on a month to month basis, with the original lease signed in 2019. Both residential units have long term tenants, reflecting stable occupancy and consistent rental performance. Current rents are below today’s market levels, creating a value add opportunity for a new owner to gradually increase rents over time while maintaining tenant stability. This makes the property well suited for an investor seeking immediate cash flow with the ability to improve returns through measured rent adjustments. The duplex is an attractive option for an owner investor or long term holder looking to acquire a manageable asset with proven income history and upside potential.

407 MCDOWELL AVENUE 409

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