RateMyAgentGo to search
Back 115 East Ave
Off Market

115 East Ave

Hagerstown MD 21740

4
2877 sq. ft.
9840 sq. ft.
Duplex
Last sold for $215,000
Ian BaylorIan Baylor, last sold this property on 30 March 2026 after 167 days on market.

Overview

Turnkey Duplex Investment with Immediate Cash Flow & Long-Term Upside Discover a rare opportunity to own a fully leased two-unit Colonial duplex in the heart of Hagerstown’s growing rental market. Each spacious 2-bedroom, 1-bathroom unit features approximately 959 sq. ft. of living space with separate entrances and electric meters, offering low-maintenance income generation and long-term tenant stability. Sitting on a 9,840 sq. ft. lot, this well-maintained property delivers $2,250/month in rental income (approx. $27,000 annually), with both units on month-to-month leases at current market rates. The bottom unit is $975 and the top unit $1,275. The pro forma gross rent multiplier (GRM) under 10 and potential 8–10% cap rate make this a standout opportunity for investors seeking cash flow with equity growth potential. Recent comparable sales in the immediate area have reached up to $233,500–$250,000 for smaller or single-unit properties, highlighting the under appreciated potential of this two-unit income producer. Given its multi-family zoning (RMED) and stable rental demand, future appreciation and rent increases are highly likely as Hagerstown continues to attract Washington, D.C., and Baltimore-area commuters seeking affordability. Additional highlights include: • Separate meters and entrances per unit • Off-street parking and covered porches • Vinyl siding, updated kitchens and baths, and efficient electric baseboard heating • Strong tenant history with below-market rents, allowing room for immediate rent growth • Low vacancy area with balanced supply/demand and 3–6 month average marketing time Whether you’re looking to expand your portfolio or secure a dual-income property with owner-occupancy potential, 115 East Ave represents a high-yield, undervalued asset poised for appreciation beyond $300,000 with strategic improvements or refinancing leverage.

Features

4 bedrooms
2877 sq. ft. floor area
9840 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Hagerstown over the last 12 months, the estimated median property value of 115 East Ave is $215k.

Median value
$215k
Estimated value range
$142k - $379k
Median days on market
22
Estimated value trend
-14%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Hagerstown. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 115 East Ave

2026
Sold
$215,000
30 Mar 2026 by Ian Baylor, of EXIT Deluxe Realty
2019
Sold
$79,000
25 Nov 2019 by Margaret (Pe Patschak, of Real Estate Innovations
2019
Sold
$79,000
25 Nov 2019 by Cynthia Sullivan, of Sullivan Select, LLC.

Happy sellers in Hagerstown

73%
73% of sellers in Hagerstown reported that their sale price either exceeded or met their price expectations.

Hagerstown stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Hagerstown over the last 12 months.

Local market activity for 4 bedroom duplexes in Hagerstown

In the last 12 months, 11 four-bedroom duplexes similar to 115 East Ave, have been sold.

This represents a 32% increase in four-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Hagerstown

placeholder
Fonda Rowe

Fonda Rowe is an award winning recommended agent for Hagerstown.  They have 4 local sales and collected 5 local reviews across the last 12 months.

  •   5   (31 reviews)
  •  5 Reviews in Hagerstown
  •  4 Sales in Hagerstown
View profile
placeholder
Kari Shank

Sellers who recommend Kari Shank have praised them for being local expert, responsive, clear communication, well-prepared, friendly, empathetic, and great negotiation

  •   5   (192 reviews)
  •  3 Reviews in Hagerstown
  •  13 Sales in Hagerstown
View profile
placeholder
Joaquin Cerritos

Joaquin Cerritos is a recommended agent for Hagerstown.  They have 5 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (19 reviews)
  •  3 Reviews in Hagerstown
  •  5 Sales in Hagerstown
View profile
placeholder
Mary Llewellyn

Sellers who recommend Mary Llewellyn have praised them for being responsive, local expert, clear communication, supportive, great negotiation, reliable, and great team

  •   5   (125 reviews)
  •  2 Reviews in Hagerstown
  •  16 Sales in Hagerstown
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap