821-823 CONCORD ST, Hagerstown, MD 21740

• 2,032 sqft

Property Description

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.

Listing Status:

Active

Date Added:

February 20, 2026

Data Last Updated:

March 22, 2026 at 2:17AM

Listing Office:

RG Realty, Inc. : 2402036393

Listing Agent:

Roberto G. Gonzalez : 3019910207

MLS ID:

MDWA2034352

Interior

• Basement: Other
• A/C: Other
• Heating: Forced AirNatural Gas
• Disability Feature: Doors - Swing In

Exterior

• General: Above GradeBelow Grade
• Style: Colonial

Construction

• General: Vinyl SidingPermanent

Location

• Originating MLS: BRIGHT_MAIN
• School District: WASHINGTON COUNTY PUBLIC SCHOOLS
• County: WASHINGTON-MD

Lot

• Zoning: RMED2203009181

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN