$499,000

Estimated payment $3,001/month

Total Views 1,535
-- Bed
-- Bath
5,304 Sq Ft
$94 Price per Sq Ft

Highlights

  • 3 Car Garage
  • Heating Available
  • 5-minute walk to Wheaton Park
  • Ruth Ann Monroe Primary School Rated A-

About This Home

4-Unit Apartment Building – Prime Investment Opportunity in Hagerstown
SHOWINGS ONLY AVAILABLE ON SUNDAYS 1-3PM

Located near all the action in downtown Hagerstown, this fully occupied 4-unit apartment building offers an exceptional opportunity for investors or owner-occupants. Each spacious unit features tall ceilings and generous square footage, making them highly desirable for tenants. Each unit has 2 bedrooms and 1 bath. One unit has an additional den. The property is consistently in demand, maintaining 100% occupancy, with great potential to increase rental income over time.

The property includes a coin-operated laundry system that generates an additional $200 in monthly income. Parking is a breeze with ample space in the back, including two enclosed garages. The basement provides substantial storage space, adding to the property’s overall appeal. Recent updates, including a new water heater and a roof in excellent condition, make this a low-maintenance investment.

With its strong cash flow, potential for rent growth, and unbeatable location, this property is a rare gem for anyone looking to expand their portfolio or enjoy the benefits of living in one unit while renting the others. Check out flyer for details and agents see notes. Contact us today to schedule a private tour and learn more about this incredible opportunity!

Listing Agent

Laura Hartley

Fairfax Realty Premier Listed on: 09/03/2025

Fairfax Realty Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,102

Year Built

  • Built in 1874

Lot Details

  • 9,840 Sq Ft Lot

Parking

  • 3 Car Garage
  • Assigned Parking Garage Space
  • Driveway
  • Parking Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 5,304 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Utilities

  • Heating Available
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Income includes laundry, parking

Listing and Financial Details

  • Assessor Parcel Number 2225005643

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,102

Year Built

Built in 1874

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: parking
  • New Construction: No
  • Year Built: 1874
  • Remarks Public: 4-Unit Apartment Building – Prime Investment Opportunity in Hagerstown SHOWINGS ONLY AVAILABLE ON SUNDAYS 1-3PM Located near all the action in downtown Hagerstown, this fully occupied 4-unit apartment building offers an exceptional opportunity for investors or owner-occupants. Each spacious unit features tall ceilings and generous square footage, making them highly desirable for tenants. Each unit has 2 bedrooms and 1 bath. One unit has an additional den. The property is consistently in demand, maintaining 100% occupancy, with great potential to increase rental income over time. The property includes a coin-operated laundry system that generates an additional $200 in monthly income. Parking is a breeze with ample space in the back, including two enclosed garages. The basement provides substantial storage space, adding to the property’s overall appeal. Recent updates, including a new water heater and a roof in excellent condition, make this a low-maintenance investment. With its strong cash flow, potential for rent growth, and unbeatable location, this property is a rare gem for anyone looking to expand their portfolio or enjoy the benefits of living in one unit while renting the others. Check out flyer for details and agents see notes. Contact us today to schedule a private tour and learn more about this incredible opportunity!
  • Special Features: None

Interior Features

  • Appliances: Stove, Refrigerator
  • Fireplace: No
  • Foundation Details: Slab
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Unfinished, Full
  • Total Sq Ft: 5304
  • Living Area Sq Ft: 5304
  • Price Per Sq Ft: 94.08
  • Above Grade Finished Sq Ft: 5304
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 335

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Parking Garage, Driveway, Parking Lot
  • Parking Garage Number Of Spaces: 3

Utilities

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

Schools

  • School District: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District Key: 121138761341
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: M
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9840.00
  • Year Assessed: 2024
  • Zoning: RO
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Owner Pays: Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 50000.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4102.00
  • Assessor Parcel Number: 2225005643
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Gross Income: 52000.00
  • Income Includes: Laundry, Parking

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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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
09/03/2025 09/03/25 For Sale $499,000 +42.6% $94 / Sq Ft
07/20/2021 07/20/21 Sold $349,900 0.0% $66 / Sq Ft
06/22/2021 06/22/21 For Sale $349,900 0.0% $66 / Sq Ft
06/22/2021 06/22/21 Off Market $349,900 -- --
04/05/2021 04/05/21 Price Changed $349,900 -6.7% $66 / Sq Ft
02/08/2021 02/08/21 For Sale $375,000 0.0% $71 / Sq Ft
07/01/2018 07/01/18 Rented $850 -5.6% --
07/01/2018 07/01/18 Under Contract -- -- --
12/13/2017 12/13/17 For Rent $900 +38.5% --
11/02/2013 11/02/13 Rented $650 0.0% --
10/28/2013 10/28/13 Under Contract -- -- --
10/25/2013 10/25/13 For Rent $650 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: MDWA2031236

Bright MLS