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400 N POTOMAC STREET, HAGERSTOWN, MD, 21740
$800,000
- 8,524 sq. ft
400 North Potomac Street, together with 2 and 4 East North Avenue, is an 8 unit and space mixed use income property in the North End of Hagerstown, Maryland. The property consists of seven one bedroom, one-bathroom apartments and one ground floor commercial space, all under professional third-party management. It is 87.5% occupied, with 7 of 8 units and spaces leased. Current collected rent is $8,065 per month, or $96,780 annually. Scheduled rent, including Unit 2B at its listed rent of $1,150, is $9,215 per month, or $110,580 annually. Deposits held total $7,375. The building has been meaningfully improved. The roof has been recently replaced, and the property carries all new replacement windows throughout, the two largest capital items on a building of this vintage. A buyer steps into that work rather than budgeting for it. Underwriting reflects reported 2026 year to date results, annualized, plus owner paid real estate taxes of $14,313, insurance of $7,518, and a 7% management fee of $6,737. All in net operating income is approximately $53,261, a 6.66% capitalization rate at the $800,000 offering price. Interior access to occupied units is available only after ratification, during the feasibility and due diligence period. The vacant unit is available for showing at any time to qualified, prequalified buyers. Do not disturb tenants.
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Year Built:
1903
Days on Market:
1
Listing ID:
MDWA2039250
List Date:
August 11, 2026
Property Type:
Other
Architecture Style:
Colonial
County:
WASHINGTON
Total Taxes:
$14,313
Courtesy of RG Realty, Inc.
This content was last updated on August 11, 2026 19:21
Schools
| Name | Type | Level | Grades | Address | |
|---|---|---|---|---|---|
North Hagerstown High School |
Public | High | 9-12 | 1200 Pennsylvania Ave, Hagerstown, MD 21742 | |
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District: Washington County Public Schools Grade Span: 9 - 12 Admission: Public Address: 1200 Pennsylvania Ave, Hagerstown, MD 21742 Phone: 301-766-8238 Website: http://wcpsmd.com/schools/high-schools/north-hagerstown-high Teachers: 83 Students: 1583 Ratio: 19:1 Students/Teacher Gender: 51% Male / 49% Female Lunch: 51% Free / 8% Reduced Student/Teacher ratioEnrollment |
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Northern Middle School |
Public | Middle | 6-8 | 701 Northern Ave, Hagerstown, MD 21742 | |
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District: Washington County Public Schools Grade Span: 6 - 8 Admission: Public Address: 701 Northern Ave, Hagerstown, MD 21742 Phone: 301-766-8258 Website: http://northcampusib.weebly.com/ Teachers: 62 Students: 841 Ratio: 14:1 Students/Teacher Gender: 53% Male / 47% Female Lunch: 53% Free / 8% Reduced Student/Teacher ratioEnrollment |
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Potomac Heights Elementary School |
Public | Primary | PK-5 | 301 E Magnolia Ave, Hagerstown, MD 21742 | |
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District: Washington County Public Schools Grade Span: PK - 5 Admission: Public Address: 301 E Magnolia Ave, Hagerstown, MD 21742 Phone: 301-766-8305 Website: http://wcpsmd.com Teachers: 21 Students: 351 Ratio: 17:1 Students/Teacher Gender: 55% Male / 45% Female Lunch: 61% Free / 6% Reduced Student/Teacher ratioEnrollment |
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| Name | Type | Level | Grades | Address | |
|---|---|---|---|---|---|
Emmanuel Christian School |
Private | Combined Elementary/Secondary | PK-12 | 16221 National Pike, Hagerstown, MD 21740 | |
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Grade Span: PK - 12 Admission: Private Address: 16221 National Pike, Hagerstown, MD 21740 Phone: 301-582-0368 Teachers: 8 Students: 102 Ratio: 13:1 Students/Teacher Gender: 56% Male / 44% Female Student/Teacher ratioEnrollment |
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Grace Academy |
Private | Combined Elementary/Secondary | 1-12 | 13321 Cearfoss Pike, Hagerstown, MD 21740 | |
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Grade Span: 1 - 12 Admission: Private Address: 13321 Cearfoss Pike, Hagerstown, MD 21740 Phone: 301-733-2033 Website: http://graceacademyonline.org/ Teachers: 37 Students: 286 Ratio: 8:1 Students/Teacher Gender: 45% Male / 55% Female Student/Teacher ratioEnrollment |
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Hagerstown Childrens School |
Private | Elementary | PK-KG | 22 N Mulberry St, Hagerstown, MD 21740 | |
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Grade Span: PK - KG Admission: Private Address: 22 N Mulberry St, Hagerstown, MD 21740 Phone: 301-739-6886 Teachers: 2 Students: 15 Ratio: 8:1 Students/Teacher Gender: 53% Male / 47% Female Student/Teacher ratioEnrollment |
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Heritage Academy |
Private | Combined Elementary/Secondary | PK-12 | 12215 Walnut Pt W, Hagerstown, MD 21740 | |
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Grade Span: PK - 12 Admission: Private Address: 12215 Walnut Pt W, Hagerstown, MD 21740 Phone: 301-582-2600 Website: http://www.heritage-academy.net/ Teachers: 21 Students: 204 Ratio: 10:1 Students/Teacher Gender: 51% Male / 49% Female Student/Teacher ratioEnrollment |
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Highland View Academy |
Private | Secondary | 9-12 | 10100 Academy Dr, Hagerstown, MD 21740 | |
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Grade Span: 9 - 12 Admission: Private Address: 10100 Academy Dr, Hagerstown, MD 21740 Phone: 301-739-8480 Website: http://www.hva-edu.com/ Teachers: 7 Students: 92 Ratio: 12:1 Students/Teacher Gender: 51% Male / 49% Female Student/Teacher ratioEnrollment |
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Hillside Mennonite School |
Private | Combined Elementary/Secondary | 1-10 | 11610 Greencastle Pike, Hagerstown, MD 21740 | |
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Grade Span: 1 - 10 Admission: Private Address: 11610 Greencastle Pike, Hagerstown, MD 21740 Phone: 301-223-6438 Teachers: 11 Students: 171 Ratio: 15:1 Students/Teacher Gender: 49% Male / 51% Female Student/Teacher ratioEnrollment |
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Mt Aetna Adventist School (Maas) |
Private | Elementary | KG-8 | 10207 Crystal Falls Dr, Hagerstown, MD 21740 | |
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Grade Span: KG - 8 Admission: Private Address: 10207 Crystal Falls Dr, Hagerstown, MD 21740 Phone: 301-824-3875 Teachers: 9 Students: 119 Ratio: 13:1 Students/Teacher Gender: 55% Male / 45% Female Student/Teacher ratioEnrollment |
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Paradise Mennonite School |
Private | Combined Elementary/Secondary | 1-11 | 19308 Air View Rd, Hagerstown, MD 21742 | |
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Grade Span: 1 - 11 Admission: Private Address: 19308 Air View Rd, Hagerstown, MD 21742 Phone: 301-733-1368 Teachers: 15 Students: 229 Ratio: 15:1 Students/Teacher Gender: 51% Male / 49% Female Student/Teacher ratioEnrollment |
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St James School |
Private | Secondary | 8-12 | 17641 College Rd, Hagerstown, MD 21740 | |
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Grade Span: 8 - 12 Admission: Private Address: 17641 College Rd, Hagerstown, MD 21740 Phone: 301-733-9330 Website: http://www.stjames.edu Teachers: 31 Students: 233 Ratio: 7:1 Students/Teacher Gender: 54% Male / 46% Female Student/Teacher ratioEnrollment |
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St Maria Goretti Catholic High School |
Private | Secondary | 9-12 | 18614 Crestwood Dr, Hagerstown, MD 21742 | |
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Grade Span: 9 - 12 Admission: Private Address: 18614 Crestwood Dr, Hagerstown, MD 21742 Phone: 301-739-4266 Website: http://www.goretti.org/ Teachers: 14 Students: 147 Ratio: 11:1 Students/Teacher Gender: 56% Male / 44% Female Student/Teacher ratioEnrollment |
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St Mary Catholic School |
Private | Elementary | PK-8 | 218 W Washington St, Hagerstown, MD 21740 | |
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Grade Span: PK - 8 Admission: Private Address: 218 W Washington St, Hagerstown, MD 21740 Phone: 301-733-1184 Website: http://www.stmarycatholicschool.org/ Teachers: 14 Students: 180 Ratio: 13:1 Students/Teacher Gender: 43% Male / 57% Female Student/Teacher ratioEnrollment |
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Truth Christian Academy |
Private | Combined Elementary/Secondary | PK-12 | 41 Bryan Cir, Hagerstown, MD 21740 | |
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Grade Span: PK - 12 Admission: Private Address: 41 Bryan Cir, Hagerstown, MD 21740 Phone: 301-733-0712 Teachers: 11 Students: 58 Ratio: 6:1 Students/Teacher Gender: 43% Male / 57% Female Student/Teacher ratioEnrollment |
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