CHARIS REALTY GROUP

Colonial

821 CONCORD STREET 823

HAGERSTOWN , MD 21740

MLS#: MDWA2034352

$360,000

Status: Active
Listing number: MDWA2034352
Listing provided by: RG Realty, Inc.
Listing agent phone: None
Last update: 17 hours ago
New on site 1 day ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1923

Sq.Footage

2,032

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.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2032.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Other, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Colonial

Price

  • Sales Price

    $360,000

  • Tax Amount

    $2,887

  • Sq. Footage

    2, 032

  • Price/SqFt

    $177

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    WESTERN HEIGHTS

  • High School

    SOUTH HAGERSTOWN SR

Property Features

  • Accessibility Features

    Accessible Doors

  • Foundation Details

    Permanent

  • Sewer

    Public Sewer

  • Tax Lot

    52

  • Water Source

    Public

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Location

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WASHINGTON

Elementary School

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WESTERN HEIGHTS

High School

SOUTH HAGERSTOWN SR

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

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Agent Andrew Boateng

AGENT

Andrew Boateng

Call Andrew today to schedule a private showing.

(571) 342-1160

andyselldreamhomes@hotmail.com


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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.

821 CONCORD STREET 823

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