Bought with James Mosby, Jr. • Long & Foster Real Estate, Inc.
$358,000
$380,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
5,100 Sqft Lot
SOLD DATE : 09/22/2025
Key Details
Sold Price $358,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDWA2029658
Sold Date 09/22/25
Year Built 1893
Annual Tax Amount $3,315
Tax Year 2025
Lot Size 5,100 Sqft
Acres 0.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
🏡 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.
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225006267
Ownership Fee Simple
Special Listing Condition Standard
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