301 S. Potomac Street is a mixed-use property in downtown Hagerstown with six income-producing units: four residential apartments and two street-level commercial spaces. The mix of residential and commercial tenants gives the building more than one source of income. Off-street parking is rare downtown and is a real draw for tenants. The property is just steps from Hagerstown’s Arts & Entertainment District, close to restaurants, galleries, the Maryland Theatre and the city’s ongoing revitalization. This property suits investors who want to add to their portfolio or owner-operators who want to live or run a business on site while collecting rent from the other units.
A Fantastic Opportunity to Own Two Units in a Prime LocationTake advantage of this exceptional opportunity to own two commercial units in a desirable location, offering over 2,880 square feet of space in an ideal medical or professional setting.Whether you're an owner-occupant looking to establish your own business or an investor seeking an income-producing property, this property offers tremendous potential! 332 Mill Street is currently leased, providing immediate rental income from day one. You can occupy the second unit for your own business or lease it out to generate an additional income stream. With flexibility, income potential, and a great location, this is an opportunity you don't want to miss! Don't hesitate! Call today to schedule your private showing!
Investment opportunity in downtown Hagerstown’s Commercial Historic District! This multi-unit commercial/ Residential building is completely vacant and features a new roof, offering excellent potential for investors, business owners, or developers. The property includes a former restaurant space with storage and access to the upper floors, open office/ apartment areas on the second and third floors, and an additional commercial space located right next to the restaurant (105 W Franklin), formerly used as a barbershop/salon, featuring four adjoining rooms and a half bathroom. Portions of the property have been remodeled, while other areas may need additional rehabilitation, allowing you to customize the space to fit your investment vision. Enjoy a convenient downtown location within walking distance of major government offices, courthouses, restaurants, The Maryland Theaters, schools, the baseball stadium, many restaurants, shoping and numerous other local amenities. This property offers great potential for commercial, office, or mixed-use purposes, subject to applicable zoning and approvals. Property is being sold as-is. All offers welcome!
Exceptional opportunity to acquire a multi-building industrial property offering flexibility for owner-users, investors, contractors, and growing businesses. Situated on approximately 3 acres in Hagerstown, Maryland, 11311 Hopewell Road features four industrial buildings totaling approximately 14,944 square feet, with seven individual bays accommodating a variety of industrial, warehouse, workshop, and storage operations. The property offers a combination of functional warehouse space, office areas, overhead door access, and ceiling heights ranging from approximately 11'5" to 15'. Recent electrical improvements include upgraded 200-amp service in Buildings 2 and 3, along with 200-amp, 240-volt, three-phase service in Building 1, providing additional flexibility for industrial users. The expansive site offers opportunities for equipment parking, contractor operations, fleet storage, and potential outdoor storage or yard expansion. Portions of the property include wooded acreage that may provide additional usable space through clearing and site improvements, subject to applicable approvals. With multiple buildings and individual bays, the property presents opportunities for an owner-user to occupy a portion of the campus while leasing remaining space, or for an investor to pursue a multi-tenant industrial leasing strategy. The configuration also allows businesses to consolidate operations within a single location while maintaining separate areas for storage, equipment, and workspace. Conveniently positioned within the Hagerstown/Washington County industrial market, the property offers access to the region's established transportation network, including Interstates 70 and 81, connecting businesses to Maryland, Pennsylvania, West Virginia, and the broader Mid-Atlantic market. Whether seeking a contractor headquarters, light industrial facility, warehouse investment, or multi-building business campus, 11311 Hopewell Road offers a unique combination of building flexibility, acreage, and long-term potential.
Strong cash-flow opportunity in Hagerstown: an 8-unit all-brick multifamily generating approximately $102,600 in annual income. This purpose-built corner building features eight 2-bedroom, 1-bathroom apartments, each offering a practical layout with rear balcony and dual entrances. Durable brick construction keeps exterior maintenance low, while the consistent unit mix simplifies management and leasing. Conveniently located just off Burhans Boulevard with easy access to shopping, restaurants, public transportation, and major highways. A solid income-producing asset ideal for investors looking to expand an existing portfolio or enter the multifamily market.
Existing rental income. Additional leasing potential. A downtown Hagerstown investment opportunity at 44 N Potomac Street. Offered at $2,500,000, this 23,160 SF commercial building combines established tenancy with vacant suites that offer an opportunity to expand occupancy and rental income through additional leasing. A range of suite sizes and layouts provides flexibility for attracting professional office and service-oriented tenants, subject to applicable approvals. Elevator access supports the building's multi-tenant use. An opportunity for an investor to build on the current tenant base and pursue a leasing strategy for the available space. Building area is per assessor. Buyer to verify square footage, occupancy, leases, income, expenses and permitted uses during due diligence.
Commercial opportunity on Pennsylvania Avenue offering a flexible combination of office and residential space. The main level features commercial office space suitable for a variety of professional uses, while the upper level includes a separate apartment, providing potential for additional rental income or an owner-user arrangement. This versatile property offers an opportunity for an investor, business owner, or professional seeking a combination of workspace and residential use. Conveniently located on Pennsylvania Avenue with easy access to major routes, downtown Hagerstown, and surrounding commercial areas. Uses and residential occupancy are subject to zoning and applicable approvals.
Stabilized 10-Unit Mixed-Use Investment in a Federally Designated Opportunity Zone, Downtown Hagerstown 101-103 North Potomac Street, Hagerstown, MD 21740 Opportunity Zone location: The property is located in a federally designated Opportunity Zone (Census Tract 24043000400). This 10-unit mixed-use property has 7 commercial retail/office units and 3 residential apartments, giving diversified income in a prime downtown location. It is 100% occupied and produces immediate, stable cash flow. Value-add potential: There may be room to add one more residential or office unit on the second floor, subject to the buyer's due diligence, zoning and permitting. That space needs work, which gives a buyer a clear path to more units and more income. Recent capital improvements: Ownership completed over $75,000 in capital improvements in 2025, including a new roof and three replacement HVAC/AC units. These upgrades materially reduce near-term capital expenditure risk and support the asset's long-term performance. Location: Downtown Hagerstown draws strong demand from both commercial and residential tenants. The property offers visibility, walkability, and easy access to employment centers, government offices, retail and public services. Investment summary: The property combines full occupancy, recent capital improvements, diversified tenancy and value-add upside in an established urban corridor and a federally designated Opportunity Zone. It suits investors looking for a stabilized mixed-use asset with room to grow through unit expansion, selective renovations or rent increases. Buyers should consult their own tax and legal advisors about any Opportunity Zone benefits.
CHIC’S SEAFOOD - Turnkey Restaurant and Building for Sale — An excellent opportunity to acquire an established restaurant business with a recognized name and loyal clientele. Fully equipped for both takeout and dine-in service, the restaurant is ideally set up for crabs, seafood, and a variety of other culinary offerings. The sale includes the building, restaurant equipment, fixtures, and point-of-sale system—simply move in, stock your products, and begin operating. Features include two large walk-in coolers, a walk-in freezer, two boilers, several refrigerated display coolers, dedicated preparation areas, and a serving area. This well-equipped property is a must-see for anyone seeking a ready-to-operate restaurant opportunity.
Turnkey 17-Unit Multifamily Investment Fully Occupied Renovated Ideal for 1031 Exchange Rare opportunity to acquire a fully stabilized 17-unit multifamily asset consisting of four buildings. The property is 100% occupied and producing consistent rental income, making it an excellent option for investors seeking a stable, income-producing property or a potential replacement asset for a 1031 exchange. With extensive renovations already completed and professional management in place, this property offers a low-maintenance investment with immediate cash flow and long-term hold potential. Property Highlights Unit Mix (8) Two-Bedroom Units (8) One-Bedroom Units (1) Four-Bedroom Single-Family Home Stabilized Income All units are fully leased with strong occupancy, providing dependable rental income from day one. Major Capital Improvements Completed Extensive upgrades throughout the property include: New metal roofs on all buildings with a 30-year warranty Modernized interiors with LED recessed lighting, waterproof laminate flooring, updated trim, and redesigned kitchens Updated kitchens featuring premium cabinetry, countertops, and select stainless-steel appliances New septic system installed Improved landscaping and paved parking lot Investor Advantages Lead-free certification Professionally managed for a smooth ownership transition Significant capital improvements already completed Located in the county with no city taxes Positioned in a quiet county setting with convenient access to regional amenities and commuter routes, the property continues to support strong tenant demand and long-term occupancy. This fully occupied, stabilized multifamily asset is well-suited for investors seeking reliable income, portfolio growth, or a potential 1031 exchange replacement property.
Outstanding value-add mixed-use investment opportunity in downtown Hagerstown! 135-137 E Franklin Street provides a unique combination of existing commercial income and substantial upside for an investor, developer, or owner-user looking to complete the renovation and unlock the property's full potential. The property is located in Hagerstown's CC-MU City Center Mixed-Use zoning district and includes approximately 11,182 square feet in the main building plus an additional 1,708-square-foot garage/shop building, situated on approximately 12,645 square feet of land. The existing and proposed mix of retail, shop, and residential apartment uses aligns with the mixed-use configuration analyzed in the property's prior commercial appraisal. The property already generates income from two occupied commercial/shop spaces. One smaller mechanic/shop space is currently rented for $800 per month, while the larger rear mechanic/shop space is rented for $2,500 per month, providing $3,300 per month in current rental income while a new owner continues the redevelopment. Along the E Franklin Street frontage are two additional vacant commercial storefront spaces ready for completion and future occupancy. Previous plans contemplated approximately 831 SF and 1,098 SF retail spaces, providing additional commercial leasing or owner-user potential. All approved by the city! The upper levels provide another major value-add opportunity. Architectural and engineering plans were prepared for three residential apartments, with framing and portions of the electrical work already completed. The plans contemplate one 1-bedroom unit and two 2-bedroom units, with planned unit sizes of approximately 615 SF, 806 SF, and 851 SF. The engineered drawings show the three planned apartments along with kitchens, living areas, bathrooms, mechanical spaces, closets and additional attic-level bedrooms. A significant amount of preliminary work has already been completed, including interior demolition, framing, portions of electrical work, floor reinforcement, and roof repairs performed during the earlier renovation project. The property is being sold in its current condition, giving the next owner the opportunity to finish the project to their own specifications and investment strategy. Architectural/engineering plans will be included with the listing for buyer review. With existing rental income, two additional commercial spaces, three planned residential units, substantial square footage and significant renovation upside, this property offers an uncommon opportunity at this price point. Bring your contractor, bring your vision, and finish what has already been started at 135-137 E Franklin Street. 7 units for under 400K won't last long!
exclusive opportunity to acquire 424-426 N Locust Street, a fully occupied, turnkey 13-unit brick apartment building located in an established residential corridor near downtown Hagerstown, Maryland. The offering may be purchased individually or as part of a broader Hagerstown-area multifamily portfolio from the same ownership group, giving buyers flexibility to scale their acquisition. The building is comprised of thirteen 1-bedroom, 1-bathroom units plus available storage space, all currently occupied. The roof was replaced approximately one year ago, and most units have received major interior renovations and show very well, positioning this asset as a turnkey acquisition with minimal near-term capital requirements. Units are registered lead-free or lead-safe with the Maryland Department of the Environment, and required city inspections have been completed, reducing compliance risk and time-to-close for a buyer. This offering is supported by six months of actual, property-specific operating statements from the property's management company, a stronger underwriting basis than a portfolio-wide estimate. On a current, trailing basis, the property produces approximately $87,000 of annualized net operating income. A fully loaded Year 1 pro forma, incorporating vacancy, management, real estate tax, insurance, and reserves, projects approximately $73,000 of NOI, a cap rate of roughly 5.6% on the asking price. A below-market legacy unit offers clear embedded rent upside at turnover. Hagerstown sits at the crossroads of Interstate 81 and Interstate 70, giving the region direct access to the Baltimore, Washington D.C., and Philadelphia metropolitan areas, and supporting a diversified local economy anchored by healthcare (Meritus Health), logistics and distribution, and financial services. The subject property sits within a walkable corridor close to downtown Hagerstown, Meritus Medical Center, and the regional highway network.
Looking to make the move from single-family rentals into multifamily? Want to add another multifamily asset to your existing portfolio? Or searching for a property that could support your residential care, housing, or program-based operation? This unique Hagerstown multifamily property offers 9 potential 1BR/1BA residential units across five addresses and is currently configured and operated as program housing. The existing layout provides an excellent foundation for an investor looking to reposition the property for traditional multifamily use. Individual spaces feature one-bedroom layouts with private bathrooms, kitchens or kitchen areas, living space, abundant natural light, and a mix of hardwood and tile flooring. The property also includes multiple laundry areas, office space, storage, and infrastructure currently supporting the residential care operation. For the investor ready to graduate from single-family rentals into multifamily, this property offers the opportunity to acquire multiple potential rental units within one asset. For the experienced multifamily owner, it provides another opportunity to add scale and potential cash flow to an existing portfolio. For a residential care or program-housing operator, the property's existing configuration may provide an opportunity to establish or expand operations in a building already designed around residential care, subject to all applicable zoning and licensing requirements. Potential cap rate of 10–11% with projected annual ROI of 14–15%. Whether your strategy is traditional multifamily, repositioning, or an operational housing model, this property offers a unique opportunity to acquire a substantial asset with multiple paths to value creation. All units will be delivered vacant at the time of settlement. Buyer to independently verify zoning, licensing, permitted uses, financial projections, and suitability for any intended use.
Ready to make the jump from single-family rentals into multifamily? Looking to add another income-producing asset to your existing portfolio? Or searching for a property that can support both your business operations and program housing under one roof? This unique mixed-use property in Hagerstown, MD offers 8 residential units and 4 commercial units across a substantial, versatile footprint. The residential component consists of eight 1BR units featuring spacious bedrooms, kitchens, full bathrooms, living areas, hardwood flooring, abundant natural light, and multiple exterior balconies. The four commercial units provide significant flexibility for a variety of potential uses, with existing space that includes offices, meeting and work areas, a large gym/recreation area as a unit, multiple kitchens and bathrooms, storage, laundry facilities, and expansive first-floor space. For the traditional investor, the property presents an opportunity to scale from single-family into multifamily or add a mixed-use asset with multiple income streams to an existing portfolio. For an owner-user or program operator, the combination of residential and commercial space creates the potential to house clients or program participants while supporting administrative offices, staff, recreation, meetings, services, and other operational needs within the same property. Conveniently located near Downtown Hagerstown with access to shopping, restaurants, services, and major area amenities. Potential market cap rate of 11–12% with projected ROI of 18–19%. Whether you're looking to scale your rental portfolio, expand your multifamily holdings, or establish a home for your organization and its housing needs, this property offers a rare combination of income potential, scale, and flexibility. All units will be delivered vacant at the time of settlement. Buyer to independently verify zoning, licensing, permitted uses, financial projections, and suitability for any intended use.
Don’t miss your opportunity to view this unique mixed-use building with incredible potential! The lower level offers space for a commercial unit, giving you the opportunity to bring your business vision to life. Upstairs, you’ll find two residential apartments, creating the perfect combination of commercial and residential space. Whether you’re an investor, entrepreneur, or looking for a property with multiple income opportunities, this property is ready for your vision! Don’t wait—call today to schedule your appointment and see the possibilities for yourself!
This 6 unit brick apartment building, built in 1894, offers a unique investment opportunity with significant potential returns. 4-1Bedroom units and 2 2 bedroom units. Situated on a 0.13-acre lot, it features a desirable city view, enhancing its appeal for future tenants or buyers. The property includes a detached garage with space for two vehicles, providing added convenience and value. Inside, a mix of hardwood, carpet, and vinyl flooring creates a versatile environment suitable for various uses. The property is well-maintained and fully occupied. With low owner expenses covering essential utilities such as gas, heat, and water, investors can expect a favorable cash flow. Located in a vibrant area with potential for growth, this property is ideal for those looking to capitalize on the increasing demand for residential rental. Its historic charm combined with modern functionality makes it a compelling choice for savvy investors seeking long-term appreciation and steady income.
Commercial Property for sale-Turnkey Commercial Property- Move In ready or invest! Completely renovated in 2014, this exceptional commercial property offers an absolutely move-in-ready opportunity. The first-floor features; 5 private offices-public bathroom-one private bath-kitchen-utility room. Large foyer area and garage. Lower level offers another investment opportunity. Rent out both spaces or just the bottom level, (currently rented with lease). Perfect space for law offices, accounting firm, professional services business or other office use. Conveniently located with easy access to Route 40 and I-70, making it simple for clients, employees, and customers to reach. A fantastic commercial opportunity with nothing like it currently on the market. Beautifully renovates, professionally laid out, and ready for its next owner. Buy it, move in, and do nothing! Owner is relocating to smaller space.
400 North Potomac Street, together with 2 and 4 East North Avenue, is an 8 unit and space mixed use income property in the North End of Hagerstown, Maryland. The property consists of seven one bedroom, one-bathroom apartments and one ground floor commercial space, all under professional third-party management. It is 87.5% occupied, with 7 of 8 units and spaces leased. Current collected rent is $8,065 per month, or $96,780 annually. Scheduled rent, including Unit 2B at its listed rent of $1,150, is $9,215 per month, or $110,580 annually. Deposits held total $7,375. The building has been meaningfully improved. The roof has been recently replaced, and the property carries all new replacement windows throughout, the two largest capital items on a building of this vintage. A buyer steps into that work rather than budgeting for it. Underwriting reflects reported 2026 year to date results, annualized, plus owner paid real estate taxes of $14,313, insurance of $7,518, and a 7% management fee of $6,737. All in net operating income is approximately $53,261, a 6.66% capitalization rate at the $800,000 offering price. Interior access to occupied units is available only after ratification, during the feasibility and due diligence period. The vacant unit is available for showing at any time to qualified, prequalified buyers. Do not disturb tenants.
Great opportunity for an Owner User or Investment. This extremely well maintained 1895 built property offers the flexibility for a live/work scenario, professional office space (current use) or bring your creativity and ideas to make it your own. The property has been maintained with its old charm but with the added bonus of modern updates. The front facade was recent painted keeping its charm with ornate paint job. The majority of the windows have been replaced. The roof was replaced approx 10yrs ago. There was a full mini split system installed in the main 3 floors for Heat and AC and the basement is serviced by a separate system with a heat pump / central air system. The 3rd floor offers its own kitchen and full bathroom. Could be extended office area or a perfect set up for live/work. The top 3 floors are currently leased as professional office space for an In-Home health care provider with their lease ending 12/31/26. They are not looking to renew and could vacate earlier if need be. There is also income potential in the finished basement area. Call today for more information. Please note that the owner is the agent in this listing.
Presenting a distinctive seven-unit residential investment property located at 345 N Potomac Street in Hagerstown. The offering includes a substantial historic brick building containing six apartments, together with a separate two-bedroom cottage located at 3 W North Avenue. The main building offers approximately 8,093 square feet and sits on a prominent 19,090 square foot corner parcel with strong street presence, paved parking, garage and storage space. The six-unit building consists of one two-bedroom apartment, four one-bedroom apartments, and one three-bedroom apartment. Five of the six units are currently occupied, producing approximately $6,025 per month in existing rental income. The current market rent indicated for the main building is approximately $7,125 per month, providing immediate upside through the lease up of the vacant one-bedroom unit and continued professional management. The separate cottage contains two bedrooms and one bathroom and is presently vacant. Its indicated market rent is approximately $1,750 per month, creating another meaningful opportunity for a purchaser to increase income shortly after acquisition. Based on the current rent roll, the property generates approximately $72,300 in annual in place rent, with total projected market rent of approximately $106,500 annually once the vacant apartment and cottage are leased. The combination of existing income, two available units, varied apartment sizes, off street parking, garage and storage areas, and a recognizable historic brick exterior makes this a strong value add opportunity for an investor seeking scale in the Hagerstown rental market.
Rare opportunity to own a well-established, TURNKEY tavern and restaurant property in the heart of Leitersburg. Exceptionally clean, well-maintained, and in great condition, this property is ready for its next owner to step in and begin operating immediately. The sale includes the real estate, business, Class D Liquor License, all furniture, fixtures, equipment, kitchen equipment, bar equipment, décor, and other business assets currently located on the property, unless specifically excluded by the Seller. The main level features a spacious bar area, dedicated band and entertainment space, separate lounge area, two restrooms, kitchen, and walk-in cooler. Step outside onto the covered rear deck overlooking the outdoor entertainment area. Guests will enjoy the outdoor bar, Tiki Bar, and additional seating areas, creating the perfect setting for dining, live music, special events, and seasonal gatherings. The second floor offers two income-producing apartments, including a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit, providing additional rental income and investment potential. The property also offers abundant storage space in both the attic and basement, providing ample room for inventory, equipment, supplies, and business operations. Ample parking is available in both the front and rear of the property. Whether you're an experienced operator looking to expand an existing operation or an entrepreneur seeking a turnkey hospitality opportunity, this unique property offers multiple income streams and exceptional potential. Several members of the current staff have expressed interest in remaining with the business, providing the potential for a seamless transition for the new owner, if mutually agreeable.
Great Location! Walking distance to the Beautiful Hagerstown City Park! All units fully rented! New Rear steps being installed now. 9% CAP RATE, same owner for years. All leases are yearly except one is month to month. Call for more details and to schedule a tour!
FULLY RENTED FIVE (5) UNIT! Covered front porch, off street parking, 1 Block from beauitful City Park with walking trails, multiple ponds and playgrounds. Call for details and to schedule a tour!
Hagerstown is located in Maryland. Hagerstown, Maryland has a population of 43,015. Hagerstown is less family-centric than the surrounding county with 26.59% of the households containing married families with children. The county average for households married with children is 27.41%.
The median household income in Hagerstown, Maryland is $42,965. The median household income for the surrounding county is $67,349 compared to the national median of $69,021. The median age of people living in Hagerstown is 35.6 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 40.7 inches per year, with 24.5 inches of snow per year.
