$600,000

16 S Mulberry St Hagerstown, MD 21740

Central Neighborhood

Estimated payment $3,592/month

-- Bed
-- Bath
4,316 Sq Ft
$139 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • 4-minute walk to Hager Park

About This Home

Fantastic Investment Opportunity – Fully Rented 5-Unit Turnkey Building This well-maintained 5-unit property is a turnkey investment, fully rented with reliable long-term tenants. Current rents are significantly below market, offering excellent value-add potential through rent increases to market rates. The building features four 1-bedroom units and one 2-bedroom unit with an additional office/den. Off-street parking is available at the rear of the property. Unit Breakdown: Unit 16 (First Floor): Living room, dining room, kitchen, bedroom, and bathroom Unit 16 (Second Floor): Living room, dining room, kitchen, bedroom, bathroom, and office/den Unit 16 1⁄2: Main level includes living room and kitchen; second level has bedroom and bathroom Unit 18 (First Floor): Living room, kitchen, bedroom, and bathroom Unit 18 (Second Floor): Living room, kitchen, bedroom, and bathroom (currently rented) With strong occupancy, room to grow income, and minimal upkeep needed, this is a great opportunity for both new and seasoned investors.

Listing Agent

Roberto Gonzalez

(301) 991-0207 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 11/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,072

Year Built

  • Built in 1914

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • 4,316 Sq Ft Home
  • Colonial Architecture
  • Brick Exterior Construction

Parking

  • Alley Access
  • Off-Street Parking

Utilities

  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2217007343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,072

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 4316
  • Living Area Sq Ft: 4316
  • Price Per Sq Ft: 139.02
  • Above Grade Finished Sq Ft: 4316
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Alley, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: 3rd Party

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.20
  • Zoning: CCMU
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5072.00
  • Assessor Parcel Number: 2217007343
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2025 11/24/25 For Sale $600,000 +130.8% $139 / Sq Ft
03/21/2022 03/21/22 Sold $260,000 0.0% $60 / Sq Ft View Prior Sale
03/21/2022 03/21/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $260,000 -- $60 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: MDWA2032918

Bright MLS
Maryland Washington County Hagerstown 21740 Central

16 S Mulberry St, Hagerstown, MD

For Sale

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Nearby Homes
Roberto Gonzalez
Listing Agent
Roberto Gonzalez
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RG Realty, Inc.
(240) 489-2346