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: 30 days ago
On site: a month ago
Browse Properties
Main image without alt text

Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1923

Sq.Footage

2,032

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.

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

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

WASHINGTON

Elementary School

Middle School

WESTERN HEIGHTS

High School

SOUTH HAGERSTOWN SR

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

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Nikki Ott

AGENT

Nikki Ott

Call Nikki today to schedule a private showing.

(301) 536-4643

nikki@charisrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

821 CONCORD STREET 823

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Terrific, updated duplex with plenty of living space in two separate units, 6 bedrooms, 3 full baths total on a large, level lot with nice backyard! Tenants pay for all utilities. Both units have been updated, with the 3-bedroom, 2 full bath unit boasting all new neutral paint, nice gleaming hardwoods, new carpet, and newer appliances. The 3-bedroom,1 full bath unit features LVP flooring, white on white kitchen with white shaker cabinets and white appliances, and an updated bath with a granite topped vanity. Lots of options here, live in one rent out the other or rent both for great positive cash flow! 1 unit is currently occupied. Fantastic location, in booming Hagerstown (new 100M+growth yearly!) just minutes to major routes, schools, loads of shopping and dining choices, parks, and more! One owner is a licensed agent.
#MDWA2031576

HAGERSTOWN

1037 & 1037 1/2 SPRUCE STREET

6 Beds

None Baths

2,560 Sq.Ft.

$299,900

MLS#: MDWA2031576

Location, Location, Location!! This versatile residence offers a unique blend of comfort and potential, making it an ideal addition to any investment portfolio. With multiple units, this property is designed to maximize rental income while providing tenants with a warm and inviting atmosphere. Each unit boasts spacious layouts, allowing for comfortable living and easy maintenance. The thoughtful design ensures that every corner of the property is utilized efficiently, creating a harmonious living environment that tenants will love to call home. Investors will appreciate the low management costs, as the owner currently covers management and real estate taxes, streamlining operations and enhancing profitability. The property's strategic location offers easy access to local amenities, ensuring high demand from prospective tenants. With a growing community nearby, the potential for rental increases and property appreciation is significant. The exterior of the property is well-maintained, providing a welcoming first impression. Ample parking ensures convenience for residents, while the surrounding area offers a variety of recreational and lifestyle options, making it an attractive choice for renters. With the right management and marketing strategies, you can capitalize on the current rental market trends and maximize your return on investment. Whether you're a seasoned investor or just starting out, this property presents a unique opportunity to build wealth while providing quality housing. You can also live in one unit and rent the other, and essentially living rent free. Don't miss your chance to invest in a property that combines comfort, convenience, and cash flow potential. Schedule a viewing today and envision the possibilities that await! The property is rented as fully furnished, and the price is also base on a ready to move in status. New roof 2023, and new HVAC for both units 2024. Owner is real estate agent.
#MDWA2032938

HAGERSTOWN

713-715 MEDWAY ROAD

4 Beds

None Baths

2,482 Sq.Ft.

$383,000

MLS#: MDWA2032938

Well maintained multi-family duplex offering two separate units in a convenient Hagerstown location. Unit 301 features three spacious bedrooms and one full bathroom, providing a comfortable and functional layout. Unit 303 offers one bedroom plus a versatile bonus room ideal for a home office, den, or guest space, along with one full bathroom. Appliances are included in both units, adding immediate value for owners or tenants. Ideally situated near local parks, neighborhood shops, and everyday conveniences, with easy access to local roads and just minutes from the highway. A great opportunity for investors or owner occupants seeking flexible living arrangements and strong rental potential. Please note unit 301 was rented for $1,650 and unit 303 was rented for $1,300, both consecutively for two years!
#MDWA2033508

HAGERSTOWN

301 N MULBERRY STREET

4 Beds

None Baths

2,296 Sq.Ft.

$290,000

MLS#: MDWA2033508

BRICK DUPLEX SIDE BY SIDE, COVERED CONCRETE FRONT PORCH, FULLY LEASED, SEPARATE REAR./SIDE YARDS WITH DRIVEWAY AND LARGE SHED FOR 603. TENANTS PAY ALL UTILITESS, LAWN CARE AND SNOW REMOVAL. UPDATED WINDOWS, NATURAL GAS FURNACES NEW 2023 FOR UNIT 603, Call today for a showing!
#MDWA2034400

HAGERSTOWN

601 FREDERICK STREET 603

6 Beds

None Baths

2,932 Sq.Ft.

$359,900

MLS#: MDWA2034400

Great opportunity for an investor or owner-occupant in City of Hagerstown! Live in one side and rent the other, or rent both units for maximum income potential. This property is ready for your personal touch. Enjoy the convenience of a rear garage and a fenced yard, ideal for outdoor living, pets, or additional activities. Conveniently located near shopping, dining, medical facilities, and major interstates, this duplex offers both comfort and accessibility. With room to add value, this is a fantastic opportunity you won’t want to miss! The right-side unit (914) features a comfortable family room, an additional room that could be used as a dining room or second living area, a large kitchen, and a back porch off the kitchen that leads to a fenced yard. Each unit also has its own rear garage. Upstairs offers three bedrooms and one full bathroom, along with a balcony. The property also includes attic and basement space for additional storage. The left-side unit (916) has been structurally rehabilitated and is completely prepared for interior finishing, offering a great opportunity to customize the space. All work has been permitted and all inspections passed! It has the same general layout as 914, giving the new owner the opportunity to customize the interior while adding value. Great opportunity for an investor or owner-occupant in Hagerstown! Live in one side and rent the other, or rent both units for maximum income potential.
#MDWA2034838

HAGERSTOWN

914-916 SALEM AVENUE

6 Beds

None Baths

2,233 Sq.Ft.

$315,000

MLS#: MDWA2034838

New on site 1 day ago
Newer Duplex located in a quiet neighborhood just outside the city limits, offering a great opportunity for both investors and owner-occupants. Each unit features approximately 1,500 finished square feet of living space with 3 spacious bedrooms and 2.5 baths. The well-designed floor plans provide comfortable everyday living with open main-level layouts, generous bedroom sizes, and private living areas for each unit. Situated in a peaceful setting while still being conveniently close to shopping, dining, and major commuter routes, this property provides everyday convenience. Whether you're looking to expand your rental portfolio or live in one unit while generating income from the other, this well-maintained duplex is a fantastic opportunity.
#MDWA2035068

HAGERSTOWN

1529 SHERMAN AVENUE

6 Beds

None Baths

2,992 Sq.Ft.

$429,900

MLS#: MDWA2035068

New on site today
With a total finished area of 3,010 square feet, this twin/semi-detached home is designed to maximize rental potential while providing a warm and inviting atmosphere. Step inside to discover a well-maintained interior featuring a combination of laminate plank, carpet, and vinyl flooring that enhances both comfort and durability. The spacious dining area is perfect for gatherings, while the attic provides additional storage or potential for creative use. The bathrooms are equipped with tub-shower combinations, ensuring convenience for tenants. The property is fitted with vinyl, double-pane windows that not only enhance energy efficiency but also allow natural light to flood the living spaces. The exterior boasts low-maintenance vinyl siding, complemented by inviting patios, balconies, and porches that create ideal spaces for relaxation. Sidewalks enhance the neighborhood's walkability, making it appealing for potential renters. The level rear yard offers a semi-private outdoor retreat, perfect for gardening or outdoor activities, adding to the property's overall charm. The property comes equipped with essential appliances, including a refrigerator, stove built-in microwave, and dishwasher, ensuring that tenants have everything they need for comfortable living. This feature can significantly reduce initial setup costs for new renters, making the property more attractive in the rental market. Situated on a generous 0.2-acre lot, this property provides ample off-street parking for up to four vehicles, a valuable asset in urban settings. The paved parking area adds convenience for tenants and guests alike. The level lot is easy to maintain, reducing long-term upkeep costs for investors. With its desirable features and prime location, this property presents an excellent opportunity for investors looking to capitalize on the rental market. The potential for steady rental income, coupled with the property's good condition, makes it an attractive option for both seasoned and new investors. This property not only offers a comfortable living environment but also the promise of strong returns, making it a wise addition to any real estate portfolio. Don't miss the chance to invest in a property that embodies both charm and opportunity!
#MDWA2035022

HAGERSTOWN

813-815 W WASHINGTON

6 Beds

None Baths

3,010 Sq.Ft.

$375,000

MLS#: MDWA2035022

Come view this Fully occupied 2 unit Duplex. Both units consist of 3 Bedroom 1 bath. The units are well maintained. They are also in a great location near plenty shopping,restaurants,schools and parks and much more. Great for commuting minutes from major highways I-70 and I-81. Don't miss your opportunity to own this home. Call and make your appointment today.
#MDWA2034506

HAGERSTOWN

314 KEY AVENUE

6 Beds

None Baths

2,052 Sq.Ft.

$359,000

MLS#: MDWA2034506

Updated investment property with long-term month to month tenants. This duplex has a 2 bedroom 1 full bath unit on each floor. These units are in great shape with many new or newer items. These would include: new trex rear deck/stairs entrance 8/2021, new roofs on garage and shed fall 2024, new hot water heaters(2) 12/2024, new refrigerators (2) 2021, new washers and dryers (2) 2/2021, new oven 1st floor 11/2025, new HVAC system (1st Floor) 10/2024, new air conditioners (2nd Floor) Spring 2024. The 1st floor has a heat pump for heat and A/C and upstairs has baseboard heat and window A/C units. You access the 1st floor unit from the front door and the upstairs 2nd unit has a rear entrance. There is a 1 car garage, a large shed and an unfinished basement for storage. A nice large .27 acre lot with fenced side yard for kids or pets. There is plenty of parking as each unit has it's own asphalt parking area. Each unit has it's own stackable washer and dryer. Tenants pay all utilities and take care of the grass and snow removal. Under marker rents of $950 for the lower unit and $725 for the upstairs unit. A great investment or live in one unit and let the other unit pay a portion of your mortgage. Potential tenants will love that the units are updated, have plenty of off street parking, have their own W&D and are conveniently located close to rte.81 but in a well established neighborhood.
#MDWA2034442

HAGERSTOWN

201 AVON ROAD

4 Beds

None Baths

1,924 Sq.Ft.

$329,900

MLS#: MDWA2034442

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service