229 MERRBAUGH DRIVE
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Apr 5, 2025 | Listed | $275,000 | |
| Listed | |||
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Meticulous Merrbaugh! Welcome to 229 a charming home nestled in the heart of Hagerstown. This property offers a perfect blend of comfort and convenience, featuring 3 spacious bedrooms and 2 full baths and 1 half bath. The open floor plan creates a warm and inviting atmosphere, ideal for both relaxing and entertaining. Freshly painted throughout, newer floors, and new appliances. Opportunity to finish the lower level to provide additional living space and versatility. Step outside to the Trex deck and fenced yard perfect for outdoor gatherings and enjoying the serene surroundings. Located in a peaceful neighborhood, yet close to local amenities, this home is a true gem. Don't miss the opportunity to make 229 Merrbaugh Drive your new address!
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| Mar 30, 2016 | Sold | ||
| Sold | |||
| Nov 27, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017