40
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40 FAIRGROUND AVENUE
About This Property
Enjoy spacious living areas filled with natural light, a gas fire place and a functional layout designed for comfortable living. Outside, you'll appreciate the convenience of both on-street parking and two additional parking spaces located in the rear alley behind the home.
Ideally situated close to downtown Hagerstown, this home offers easy access to local restaurants, shopping, parks, schools, and commuter routes including I-70 and I-81. Whether you're heading into town for dining and entertainment or commuting to nearby areas, this location makes daily living simple and convenient.
Offered at a great price, this is an incredible opportunity for homeownership that could cost less than renting. Don't miss your chance to own a move-in ready home in a convenient Hagerstown location!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 8, 2026 | Sold | ||
| Sold | |||
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Jul 5, 2026 | Price Decreased |
$189,900
↓ $10K
(5%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$199,900
↓ $15K
(7%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Keller Williams Realty Centre | $215,000 | |
| Listed by Keller Williams Realty Centre | |||
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About Hagerstown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017