724 Salem Avenue
Hagerstown, MD 21740
- – beds
- – baths
- 2,147 sqft
- 4,092 sqft lot
- $144 per sqft
- 1894 build
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Well-maintained three unit investment property for sale! Unit mix is comprised of a 2 bed-1.5 bath, 1 bed-1 bath and efficiency unit plus a detached garage. There was a fire in the building in February 2024 and renovations have been underway to include the common area and the upstairs 2 bedroom unit, which have been completed. The efficiency is currently being renovated now and is expected to deliver Fall 2024. The one bedroom & two bedroom, apartments are currently leased. Expected gross rental revenue is approx. $32k+ per year. Tenants pay electric and baseboard heat, which is separately metered. Upper rubber roof was replaced in 2019 and several windows were replaced in 2024. Energy efficient baseboard heaters were installed in 2021. Building can be delivered with property management in place.
Last checked:
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Last updated Jan 7, 2025
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MLS# MDWA2023988 —
The Building
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Year Built:1894
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Building Units Total:3
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Structure Type:Detached
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Architectural Style:Colonial
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Accessibility Features:None
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Foundation Details:Brick/Mortar
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Basement:Yes
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Basement Type:Connecting Stairway
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Total SqFt Source:Assessor
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Total Below Grade SqFt:593
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2147
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2740
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Living Area SqFt:2,147 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Other
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Possession:Other
Location
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Directions:N Burhans Blvd to Salem Ave West
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Latitude:39.65184000
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Longitude:-77.72840000
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.09
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Lot Size Source:Assessor
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Lot SqFt:4,092 Sqft
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Zoning:RMED
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:R
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (301) 745-1623
- Office phone:
- (301) 745-1620
Taxes
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Tax ID Number:2225025881
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Tax Year:2024
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Tax Annual Amount:$2,746
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Tax Assessed Value:$143,233
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Year Assessed:2024
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County Tax:1311.00
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City/Town Tax:1435.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Washington County Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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Single Room Units:1
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One Bedroom Units:1
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/13/24
Dec 13, 2024
|
Sold | BRIGHT | $310,000 | -4.6% |
|
10/18/24
Oct 18, 2024
|
Pending | BRIGHT | $325,000 | |
|
9/2/24
Sep 2, 2024
|
Listed / Active | BRIGHT | $325,000 |
