# 345 N POTOMAC Street, Hagerstown, MD 21740

> **TL;DR:** other, $799,000, built 1940.
> A/C. Est. $4,273/mo. Listed 105 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $799,000 |
| Year Built | 1940 |
| Lot Size | 19,088 sqft (0.44 acres) |
| Property Type | Other (Other) |
| Status | Active |
| Days on Market | 105 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,040 |
| Estimated Insurance | $233 |
| **Total** | **$4,273** |

## Nearby Schools

- **High:** NORTH HAGERSTOWN

## Key Amenities

- A/C

## Property Highlights

- Built in 1940
- 0.44 acre lot

## Description

### Agent Description
Presenting a distinctive seven-unit residential investment property located at 345 N Potomac Street in Hagerstown. The offering includes a substantial historic brick building containing six apartments, together with a separate two-bedroom cottage located at 3 W North Avenue. The main building offers approximately 8,093 square feet and sits on a prominent 19,090 square foot corner parcel with strong street presence, paved parking, garage and storage space. The six-unit building consists of one two-bedroom apartment, four one-bedroom apartments, and one three-bedroom apartment. Five of the six units are currently occupied, producing approximately $6,025 per month in existing rental income. The current market rent indicated for the main building is approximately $7,125 per month, providing immediate upside through the lease up of the vacant one-bedroom unit and continued professional management. The separate cottage contains two bedrooms and one bathroom and is presently vacant. Its indicated market rent is approximately $1,750 per month, creating another meaningful opportunity for a purchaser to increase income shortly after acquisition. Based on the current rent roll, the property generates approximately $72,300 in annual in place rent, with total projected market rent of approximately $106,500 annually once the vacant apartment and cottage are leased. The combination of existing income, two available units, varied apartment sizes, off street parking, garage and storage areas, and a recognizable historic brick exterior makes this a strong value add opportunity for an investor seeking scale in the Hagerstown rental market.

## Location

- **Address:** 345 N POTOMAC Street, Hagerstown, MD 21740
- **County:** WASHINGTON
- **Coordinates:** 39.64717, -77.71685
- **Google Maps:** https://www.google.com/maps?q=39.64717,-77.71685

## Listing Agent

- **Name:** Roberto G. Gonzalez · **License:** 598229
- **Brokerage:** RG Realty, Inc.
- **Broker Phone:** (240) 329-9454

## Photos

![345 N POTOMAC Street - Photo 1](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f3562125535r.jpg)

![345 N POTOMAC Street - Photo 2](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f4042779022r.jpg)

![345 N POTOMAC Street - Photo 3](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f639361457r.jpg)

![345 N POTOMAC Street - Photo 4](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f2146260743r.jpg)

![345 N POTOMAC Street - Photo 5](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f2831809890r.jpg)

![345 N POTOMAC Street - Photo 6](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f285574740r.jpg)

![345 N POTOMAC Street - Photo 7](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f337158463r.jpg)

![345 N POTOMAC Street - Photo 8](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f3945585426r.jpg)

![345 N POTOMAC Street - Photo 9](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f3977596249r.jpg)

![345 N POTOMAC Street - Photo 10](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f1190427497r.jpg)

![345 N POTOMAC Street - Photo 11](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f1965587583r.jpg)

![345 N POTOMAC Street - Photo 12](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f2513738546r.jpg)

![345 N POTOMAC Street - Photo 13](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f1727092163r.jpg)

![345 N POTOMAC Street - Photo 14](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f191238463r.jpg)

![345 N POTOMAC Street - Photo 15](http://lh.rdcpix.com/11975c2248467bf2476b7a4d7eab4509l-f1973436653r.jpg)

---

**MLS#:** MDWA2038736 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/345-n-potomac-street-hagerstown-md-21740-b007a80e37ab4fa796a6b2e398eb0341)

---

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