REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Kari Shank • Samson Properties
$ 650,000
Est. payment | /mo
5,750 Sqft Lot
$ 650,000
Est. payment | /mo
5,750 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWA2037366
Year Built 1900
Available Date 2026-06-13
Annual Tax Amount $6,312
Tax Year 2025
Lot Size 5,750 Sqft
Acres 0.13
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Excellent opportunity to add a well-maintained six-unit multifamily property to your investment portfolio. Each spacious unit offers 3 bedrooms, 1 full bath, a central living room, eat-in kitchen, and covered rear porch, with second and third-floor units also enjoying access to private front porches. The property has been consistently maintained and features recent exterior improvements including fresh paint and a new front entry door. A shared coin-operated laundry facility provides additional income potential, while the rear parking area offers off-street parking for approximately eight vehicles. Ideally situated in a prime Hagerstown location, the property offers easy access to public transportation, downtown amenities, schools, Meritus Park, shopping, dining, and major commuter routes. All units are separately metered for electricity, with tenants responsible for their own electric usage, including heating, hot water, appliances, and lighting. Water and sewer expenses are largely passed through to tenants based on occupancy. Five of the six units are currently rented on month-to-month agreements, providing a new owner with significant flexibility and immediate opportunity to increase rents toward market levels. Current ownership has maintained high occupancy while keeping rents below market, offering investors a rare opportunity to increase revenue without major renovations or repositioning. Current rents are below prevailing market rates for comparable three-bedroom units, creating substantial upside potential through future rent adjustments. Whether you're looking to expand an existing portfolio or acquire a turnkey asset with value-add potential, this fully occupied property offers strong cash flow, desirable unit sizes, and long-term investment appeal.
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2203015351
Ownership Fee Simple
Special Listing Condition Standard
