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Hagerstown,MD 21740
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,578 sqft
Price per Sqft $147
MLS Listing ID MDWA2028180
Style Colonial
Abv Grd Liv Area 2,578
Originating Board BRIGHT
Year Built 1893
Annual Tax Amount $3,315
Tax Year 2024
Lot Size 5,100 Sqft
Acres 0.12
Property Sub-Type Twin/Semi-Detached
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)
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225006267
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard