Diverse 43-Unit Mixed-Use Portfolio. This well-positioned 43-unit portfolio offers a rare opportunity to acquire a diversified mix of residential and commercial assets across multiple parcels in the heart of Hagerstown. The portfolio includes apartment buildings, brick townhouses, detached cottages, office space, warehouse and flex space, garages, and a drive-thru restaurant, creating multiple income streams and broad tenant appeal. The residential component consists primarily of one-bedroom apartments, townhouses, and cottages, many of which are leased at below-market rents, providing clear value-add potential through measured rent adjustments. Several properties feature separate electric meters, private parking, garages, and carports, all supporting long-term tenant stability and efficient operations. The commercial portion includes a flex property with warehouse and office space, additional warehouse units, and a partially equipped drive-thru restaurant with multiple curb cuts, pylon signage, and outdoor seating. This diverse commercial mix enhances income stability while offering flexibility for a range of users. The portfolio is strategically located near Hagerstown City Park and the upcoming multi-use sports and events stadium, positioning it well for increased demand, rental growth, and long-term appreciation. Many units have been occupied long term with limited recent rent increases, presenting a strong opportunity for future income growth. Several buildings have benefited from recent capital improvements, including roofs, flooring, kitchens, mechanical upgrades, plumbing and electrical work, HVAC enhancements, waterproofing, safety upgrades, and common-area improvements, allowing for a smooth transition to new ownership. The portfolio is stabilized and produces strong in-place income, with professional management in place and controlled utility expenses. Operations are straightforward, making this an attractive acquisition for seasoned investors or groups looking to scale into a larger, diversified portfolio. This is a rare opportunity to acquire a sizable, income-producing mixed-use portfolio in a growing Hagerstown location, offering immediate cash flow with meaningful upside potential.
For Sale: Spacious 2-Story Medical/Professional Office Building – 4,000+ SF Tired of renting office space? Take advantage of this rare opportunity to own your own freestanding, all-brick office building—ideal for medical, dental, or professional use. Offering over 4,000 square feet of functional space, this newly updated 2-story property features multiple private offices, a kitchenette, four restrooms, a dedicated storage area, and dual main entrances for upper and lower-level access. With 30+ on-site parking spaces and a rear accessibility ramp to the upper level, this building is designed for both convenience and compliance. Whether you're expanding your practice or investing in your business future, this is a must-see opportunity. Don’t miss this opportunity to own instead of lease—schedule your showing today!
Rare Investment Opportunity – Solid Brick 10-Unit Building + Garage in Hagerstown’s Arts District This is a prime opportunity to own a four-story, all-brick 10-unit apartment building with a freestanding 3-bay garage, located in the heart of Hagerstown’s Arts & Entertainment District. Positioned on a 0.22-acre parcel totaling 9,745 sq ft, the building includes 12,736 sq ft of gross building area and features a mix of 9 residential units and 1 commercial unit, all with separate electric meters. The site is zoned CC-MU (City Center – Mixed Use), offering long-term flexibility and value for investors. The building is fully leased and located just blocks from the new multi-use sports and events facility, University of Maryland Hagerstown campus, and the Washington County Library. ?? Highlights: Fully occupied 10-unit building (9 residential / 1 commercial) Separate utility metering for all units Detached 3-bay garage on-site Located within Hagerstown’s revitalization zone High visibility and walkable to key downtown amenities This property offers a stable rental income stream with future upside potential, a perfect fit for seasoned or new investors looking to grow their portfolio in a rapidly improving downtown market. ?? Unit Mix – 10-Unit Building 5 units – 3 bedrooms / 1 bathroom 3 units – 1 bedroom / 1 bathroom 1 unit – 2 bedrooms / 1 bathroom 1 commercial unit Each unit is individually metered for electric, and the property includes a freestanding 3-bay garage for additional value or potential rental income.
1,440 sq. ft. commercial condo in C-2 zoning, ideal for professional or service-based use. This end unit features seven private offices, a reception area, and flexible workspace. Well-maintained with dedicated rear parking for owner/staff and convenient front access for clients. Move-in ready with excellent visibility and easy access to major routes.
This is a well kept six unit apartment building in the north end of Hagerstown is an Investors dream. Each unit offers two bedrooms and one bath with hardwood floors adding a classic touch throughout. Four of the units are heated with natural gas radiant heat, while the remaining two use electric baseboard heat. Tenants handle their own heat, hot water, and electric, and the owner covers the common area electric, water, sewer, trash, landscaping, and snow removal. A coin operated laundry is on site and brings in additional income.
Prime Downtown Mixed-Use Investment Exceptional opportunity to own a fully occupied mixed-use property in the heart of Downtown Hagerstown! This well-maintained brick building features a street-level restaurant and four fully leased residential apartments above, generating $4,000 per month in rental income. Tenants pay all utilities, providing a low-expense, high-yield investment. Located just steps from the Arts & Entertainment District, restaurants, breweries, and the Maryland Theatre, this property sits in the path of downtown revitalization and ongoing city investment. Tenants enjoy convenient access to public parking, nearby retail, and public transportation. Highlights: Fully occupied mixed-use property bringing in $4,000/month Ground-floor restaurant space with private ownership Four residential apartments on upper levels Separate utilities – tenants pay all Excellent visibility and foot traffic in revitalized downtown corridor Turnkey income producer – stable tenants and strong returns Perfect for investors seeking a cash-flowing property in a growing downtown market with continued upside potential.
Turnkey Investment, Real Estate and Business with Class D Liquor License Harman’s Tavern presents a true value-add opportunity, pairing a well established bar with a Class D Liquor License and income producing residential and retail units. The mixed use building totals nearly 10,000 square feet and includes eight units, a retail space and spacious apartments, all occupied by long term tenants. Rents are significantly below market, as the owner has never increased them, creating immediate upside in cash flow. The units are well maintained, and thoughtful updates could support meaningful appreciation. Whether you are expanding a portfolio or seeking stable income with room to grow, this offering is a rare find. Schedule your private tour today.
Great opportunity to but a value add multi-family property. Rents are under market and opportunity to charge rent on the 6th unit. Centrally located in the city of Hagerstown with close proximity to a wide variety of retail and entertainment, Hagerstown City Park, the brand-new minor-league stadium (Meritus Park), and just one mile from the Hagerstown Premium Outlets.
Outstanding Investment Opportunity in Downtown Hagerstown! Pride of ownership shows in this extremely well-maintained commercial building, known locally as the Einbinder Building. Offering over 8,600 sq. ft. of usable space across four stories plus a finished basement, this property is perfectly suited for a variety of uses under its CC-MU (City Center Mixed Use) zoning. The building features two main entrances: one leading to a spacious first-floor office suite with multiple private offices and a large conference room, and another providing direct access to six upper-level units with income-producing residential potential on upper floors, also includes a functional fire escape. The finished basement adds additional office space, utility areas, and a walkout to the rear. A rare bonus in the downtown market, the property includes a private rear parking lot with multi-alley access, accommodating 8 vehicles with potential for expansion. Conveniently located just steps from the U.S. Post Office, Hagerstown City Hall, courthouses, Meritus Baseball Stadium, local businesses, and restaurants, with easy access to both I-81 and I-70, this building combines an unbeatable location with flexible functionality. Don’t miss this exceptional chance to invest in the heart of Hagerstown’s growing downtown district!
11% CAP RATE , THIS PROPERTY IS AN INCOME PRODUCER. GREAT LOCATION AND PARKING. BOTH APARTMENTS ARE NEWLY RENOVATED AND FULLY LEASED. POTENTIAL FOR FUTURE INCOME AS WELL. 24 -48 NOTICE TO SHOW, LISTING AGENT WILL ACCOMPANY SHOWINGS! COMMERICAL LEASE WITH OPTIONS TO RENEW WITH A LONG TERM TENANT. CALL FOR DETAILS!
Newly renovated commercial building just outside the Downtown Hagerstown corridor! Offering over 1,000 sq ft of retail/office space, this detached property with ample parking has been fully upgraded with a new roof, new plumbing, and all-new electrical systems. Only the final electrical permit is in the process of being closed out, giving the next owner confidence and peace of mind. Excellent visibility and easy access along a well-traveled road just minutes from the heart of downtown, surrounded by shops, offices, and neighborhood amenities. Ideal for owner/users or investors, this turn-key space offers endless possibilities—retail, office, boutique, studio, or service-based business. Buyers to verify zoning for intended use. A rare chance to own a fully updated building in a rapidly revitalizing area
Great Investment Opportunity – 5-Unit Multi-Building Fully rented and cash-flowing, this 5-unit property is the perfect addition to any investor’s portfolio. The building has been well-maintained with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units. Inside, you’ll find hardwood floors throughout and updated finishes that keep the units attractive to tenants. Outside, the property offers ample on-site parking which is a rare find that adds to the appeal. On top of strong current income, there’s plenty of room to add value and increase revenue with additional features: 4 garages that can be rented separately, Storage space for tenants or outside rentals, and Coin-operated laundry for steady extra income. This is a turn-key investment with upside potential in a sought-after rental market.
ATTENTION! THERE ARE TWO (2) SEPARATE LOTS INCLUDED IN THIS SALE - LOTS 2 AND 3-B. GREAT LOCATION WITH ALOT OF MEDICAL OFFICES NEXT DOOR. OWNED BY SAME OWNER FOR MANY YEARS. WOULD MAKE A GREAT LOCATION FOR OFFICES, RETAIL, MEDICAL, URGENT CARE. PUBLIC WATER AND SEWER AVAILABLE. A THIRD LOT IS ALSO AVAILABLE IF MORE SPACE IS NEEDED. CALL FOR DETAILS. (LOOK FOR SIGNS ON THE LOTS.)
Prime Multi-Family Investment – High Income, Low Maintenance Seize this exceptional opportunity to own a fully occupied, all-brick, six-unit property just minutes from downtown Hagerstown, currently generating $6,650+ in monthly rental income with potential to increase to full market rates. Each spacious unit offers approximately 700 sq ft of living space, separate electric meters (tenant-paid utilities), and updated replacement windows for improved energy efficiency. Built on a solid brick and masonry foundation, the property offers durability, ease of management, and long-term value. Located at the gateway to Hagerstown’s Arts & Entertainment District, this property sits in a vibrant mixed-use neighborhood surrounded by residential and commercial growth—making it attractive to both local and out-of-town investors capitalizing on area revitalization. Turnkey, income-producing, and positioned for appreciation—don’t miss your chance to secure a high-performing asset in a prime location.
Prime Commercial Space in Hagerstown's Thriving Medical Corridor This 1,379 sq. ft. commercial condo is ideally positioned fronting a bustling medical corridor, making it perfect for medical, office, or retail enterprises. Formerly a pharmacy, the space is thoughtfully designed to meet the needs of modern professional practices. The expansive open-concept layout includes a private office, a fully-equipped kitchen, and a restroom, offering functionality and versatility. Located near key institutions such as Meritus Medical Center, Robinwood Medical Center, and Hagerstown Community College, and the new Meritus School of Osteopathic Medicine, which is dedicated to training the next generation of physicians, this property is in the heart of a thriving and growing community. This strategic property provides exceptional potential for businesses looking to establish or expand in this dynamic area.
GREAT INVESTMENT OPPORTUNITY -PRIME DOWNTOWN LOCATION! COMMERCIAL BUILDING FOR SALE-38' of FRONTAGE ON N POTOMAC- Fully renovated double commercial space (can easily be divided into 2 commercial spaces) with 3 separate residential apartments- and the space to add more! Building boosts over 14,000 sq ft per tax record! 1 Active lease on 1 apartment- 5 parking spaces in rear of building as well as city parking across the street & city public parking garage next to building. Zoned City Center Mixed-Use (CCMU)
Great positive cashflow investment opportunity! Well maintained 5 unit apartment building not far from beautiful City Park, Meritus Park, University of Maryland Hagerstown Campus, Barbara Ingram School of the Arts, Maryland Theatre, restaurants and more! This building is fully occupied and produces approximately $4,700 a month in income! Natural gas forced air heat! This property includes 2 buildings: front building has 3 units and the rear building has 2 units. Large backyard,. The owner will consider holding owner financing. Owner is also selling 311 Summit Ave with 6 units.
Great positive cashflow investment opportunity! Well maintained 6 unit apartment building not far from beautiful City Park, Meritus Park, University of Maryland Hagerstown Campus, Barbara Ingram School of the Arts, Maryland Theatre, restaurants and more! This building is fully occupied and produces approximately $4,700 a month in income! Natural gas radiant heat! Each unit is 1 bedroom and 1 bathroom. Large backyard, detached garage. The owner will consider holding owner financing. Owner is also selling 419 Summit Ave with 5 units.
For Sale: Spacious 2-Story Medical/Professional Office Building – 4,000+ SF Tired of renting office space? Take advantage of this rare opportunity to own your own freestanding, all-brick office building—ideal for medical, dental, or professional use. Offering over 4,000 square feet of functional space, this newly updated 2-story property features multiple private offices, a kitchenette, four restrooms, a dedicated storage area, and dual main entrances for upper and lower-level access. With 30+ on-site parking spaces and a rear accessibility ramp to the upper level, this building is designed for both convenience and compliance. Whether you're expanding your practice or investing in your business future, this is a must-see opportunity. Don’t miss this opportunity to own instead of lease—schedule your showing today!
32 Residential Units, two Commercial Units and a Leasing Office. Residential Occupancy rate is 94%. One of the two commercial spaces is leased (5 Yr Lease) that just began. In the heart of downtown Hagerstown, just blocks away from the minor league baseball stadium (Meritus Park Stadium) on the same block as the Maryland Theatre and just across the street from the Meinelschmidt Distillery, Bulls and Bears and Schmankerl Stube Restaurant, as well as the Washington County Public Library (diagonally across the intersection). High vehicular and foot traffic, as the property is in downtown Hagerstown. Projected Cap Rate - 8.4% The current owner has had 2 grant applications approved, and a prospective buyer can seek many more. The Georgian is located in the following: Qualified Opportunity Zone: You can look up 55 S Potomac St here to verify City of Hagerstown Arts & Entertainment District property tax incentive: City of Hagerstown Main Street Grant Area. City of Hagerstown Partners in Economic Progress (PEP) Program zone City of Hagerstown City Center Redevelopment Grant zone. Downtown Historic District. (local/state and NHR federal) Enterprise Zone: City of Hagerstown CC-MU area
Opportunity knocks with this 3,840 square foot warehouse in a prime Hagerstown location! This commercial building features durable concrete floors, impressive 30 plus-foot ceilings (estimated), and abundant natural light from overhead skylights, creating a bright and efficient workspace. A massive 24x24 fiberglass garage door allows easy access for trucks WITH A LOADING DOCK! The roof was repainted just 2 years ago, and the building includes two newly installed entry doors, offering peace of mind and functionality for a wide range of industrial, storage, or creative uses. Whether you're expanding your business, seeking storage, or launching a new venture, 303 Valley Rd offers the space, structure, and location to support your vision.
Within the Hagerstown City limits, as well as inside an Opportunity Zone, this extraordinary property has been well cared for and set up for success by the current owners. This 10 unit property includes 2 commercial spaces, and 8 apartments. There are a total of 5 - 2 bedroom/ 1 bath units and 3 - 1 bedroom/1 bath units. Three of the units were completely renovated including new electric wiring, spray foam insulation, and either an HVAC system or baseboard heat with AC. All other units were renovated in smaller ways including repainting, rewiring, reflooring, replacing cabinetry, appliances, and granite countertops. All units are separately metered. Both interior and exterior work on the building has been extensive. Full roof replacement completed summer 2024. The back deck and side railings have been updated, bringing railings up to current code and miles of old wiring on the building was removed. Most tenants are long term tenants, and several families have asked to return after renovations were completed, only to have the property rented out to someone else from the building. Serious inquires only.
Outstanding two unit building on busily traveled state road. Adjacent to Washington County Health Department. 3 year lease on commercial unit (full first floor) spacious two bedroom apartment on second level. Ample off street parking! Newly installed water and sewer utilities.
25,029 SF Former school building for adaptive re-use in Hagerstown, MD with 2.67 Acres of land and large parking lot with 77 spaces Perfect for a daycare or charter school, with minimal renovations to current layout needed to get up and running Great central location with Hagerstown City Park directly across the street, the brand-new minor-league stadium (Meritus Park) one mile away and off the same exit as the Hagerstown Premium Outlets Delivered with conceptual plans to convert the building to a high-end boutique hotel with 29 guest rooms, a luxury holistic spa with four treatment rooms, and a restaurant open to hotel guests and the general public Potential supplemental income to help cover carrying costs while executing business plan. Owner in talks to lease the parking lot to the city of Hagerstown due to a parking shortage for City Park
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.
