12
Map
$275,000
●
House -
For Sale
538 SUMMIT AVENUE
HAGERSTOWN, MD 21740
6 Beds
2 Baths
3,026 Ft²
$1,736
Est. Monthly
About This Property
Excellent Duplex Opportunity for Investors or Owner-Occupants! This
well-maintained duplex offers an excellent opportunity to generate
rental income while providing comfortable living space in each
unit. Both units, 538 and 540, feature a spacious layout with 3
bedrooms and 1 full bathroom. The property offers convenient street
parking, plus additional off-street parking at the rear. Whether
you're looking to expand your investment portfolio or live in one
unit while generating rental income from the other, this property
offers excellent flexibility and potential. Property is being sold
strictly As-Is. Don't miss this opportunity to own a versatile
income-producing property in Hagerstown!
Unit Size
3,026 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$91
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1903
Listed By
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 19 days ago (Bright MLS #MDWA2040234)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2026 | Relisted | $275,000 | |
| Relisted | |||
| Oct 12, 2026 | In contract | - | |
| In contract | |||
| Oct 11, 2026 | Price Decreased |
$275,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Sep 18, 2026 | Listed by Weichert, REALTORS | $285,000 | |
| Listed by Weichert, REALTORS | |||
| Jul 21, 2025 | Relisted | $225,000 | |
| Relisted | |||
Show More
Property Highlights
Parking Available
Parking Details
Parking Features: On Street, Other, Free
Interior Details
Full Bathrooms: 2
Interior Features: Other, Combination Dining/Living
Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Basement: Unfinished, Outside Entrance
Exterior Details
Square Footage: 3026
Square Footage Source: $0
Property Condition: Average
Architectural Style: Colonial, Contemporary
Year Built Source: Assessor
Year Built: 1903
Levels: 3.5
Other Structures: Above Grade, Below Grade
Construction Materials: Brick
Lot Size Area: 6280
Lot Size Units: Square Feet
Lot Size Acres: 0.14
Lot Size Square Feet: 6280
Water Source: Public
Financial Details
Tax Assessed Value: $234,633
Tax Annual Amount: $4,627
Lease Considered: Yes
Utilities Details
Cooling Type: Other
Heating Type: Other
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Sold On
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HOA + Taxes
About Historic City Park
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Listed by: Sonia P Benperlas
Weichert, REALTORS
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# MDWA2040234
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Weichert, REALTORS
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# MDWA2040234
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