$380,000

Estimated payment $2,393/month

Total Views 44
-- Bed
-- Bath
2,578 Sq Ft
$147 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Electric Baseboard Heater
  • Wood Siding

About This Home

INVESTMENT OPPORTUNITY – 5-Unit Multifamily with Value-Add Potential!Located in the heart of Hagerstown, this five-unit property presents a compelling investment with significant upside potential. Currently fully rented, this property boasts a strong rental history, making it a reliable income generator.Each unit is separately metered, with tenants responsible for electric and heat, keeping operating costs low. Private parking adds convenience for residents, while the property's solid bones make it an ideal candidate for minor updates to boost rental income. Simple upgrades and aligning rents with market rates could significantly enhance returns.With its central location, strong rental demand, and room for value-add improvements, this property is a rare find. Whether you're an experienced investor or looking to grow your portfolio, this is an opportunity to capitalize on passive income and appreciation potential.

Listing Agent

Roberto Gonzalez

RG Realty, Inc. License #598229 Listed on: 06/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,315

Year Built

  • Built in 1893

Lot Details

  • 5,100 Sq Ft Lot

Home Design

  • Colonial Architecture
  • Block Foundation
  • Wood Siding
  • Vinyl Siding

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2225006267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,315

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1893
  • Remarks Public: 🏡 INVESTMENT OPPORTUNITY – 5-Unit Multifamily with Value-Add Potential! Located in the heart of Hagerstown, this five-unit property presents a compelling investment with significant upside potential. Currently fully rented, this property boasts a strong rental history, making it a reliable income generator. Each unit is separately metered, with tenants responsible for electric and heat, keeping operating costs low. Private parking adds convenience for residents, while the property's solid bones make it an ideal candidate for minor updates to boost rental income. Simple upgrades and aligning rents with market rates could significantly enhance returns. With its central location, strong rental demand, and room for value-add improvements, this property is a rare find. Whether you're an experienced investor or looking to grow your portfolio, this is an opportunity to capitalize on passive income and appreciation potential.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Total Sq Ft: 3007
  • Living Area Sq Ft: 2578
  • Price Per Sq Ft: 147.40
  • Above Grade Finished Sq Ft: 2578
  • Below Grade Sq Ft: 429
  • Total Below Grade Sq Ft: 429
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 24

Exterior Features

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

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341
  • School District Source: 3rd Party

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5100.00
  • Zoning: RMED
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3315.00
  • Assessor Parcel Number: 2225006267
  • Tax Year: 2025

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
06/22/2025 06/22/25 For Sale $380,000 -- $147 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: MDWA2029656

Bright MLS