Investor opportunity with income and upside potential. Property currently generates $953 per month with an additional vacant unit projected to rent for approximately $1,500 per month, offering strong future cash flow. Spanning 2,112 square feet on a 0.07 acre lot, the layout supports multiple rental units and flexible leasing options. Off street parking lot provides tenant convenience with minimal maintenance. Located in an established area with consistent rental demand, this property is ideal for investors seeking value add potential and long term appreciation. Buyer to verify all income and use.
BRICK DUPLEX SIDE BY SIDE, COVERED CONCRETE FRONT PORCH, FULLY LEASED, SEPARATE REAR./SIDE YARDS WITH DRIVEWAY AND LARGE SHED FOR 603. TENANTS PAY ALL UTILITESS, LAWN CARE AND SNOW REMOVAL. UPDATED WINDOWS, NATURAL GAS FURNACES NEW 2023 FOR UNIT 603, Call today for a showing!
Per the seller’s request, showings are limited to serious buyers only, and all prospective buyers must be pre-approved prior to scheduling. Turn-Key Duplex Investment with Strong Cash Flow Located at 821–823 Concord Street, this well-maintained duplex offers a solid, stabilized investment opportunity with strong cash flow and built-in rent growth. The property consists of two large residential units, each configured as 3 bedrooms and 1.5 bathrooms, a highly desirable layout that supports long-term tenant demand. The 821 unit is leased at a current rent of $1,648 per month, with scheduled increases to $1,697 and $1,748 in future lease years. The 823 unit is leased at $1,576 per month. Both tenants are responsible for their own utilities, resulting in a clean and efficient operating structure for ownership. For 2025, the property generated total rental income of $37,927.74, with no additional income sources reported. Operating expenses were well controlled at $7,895.20, consisting primarily of property taxes, insurance, and routine repairs and maintenance. As a result, the property produced a Net Operating Income of $30,032.54, reflecting a strong operating margin and cash flow equal to NOI. Both units are occupied by reliable tenants under long-term leases with scheduled rent escalations, providing predictable income and reduced turnover risk. There is no deferred maintenance, allowing a new owner to step into a stabilized, low-maintenance asset from day one. Overall, 821–823 Concord Street represents a clean, turn-key duplex investment with strong cash flow, tenant-paid utilities, contractual rent growth, and long-term appreciation potential, well suited for investors focused on dependable income and portfolio growth.
13643 Creek View Dr offers a well-located duplex on a 1.18-acre corner lot in a rural setting with neighboring homes nearby. Each tenant-occupied unit features 2 bedrooms, 1 full bath, and two levels, providing practical layouts. The property is separately metered, supporting efficient utility management for owners. Additional outbuildings include a shed and a barn, offering extra storage and potential functional use. The expansive lot provides flexibility for outdoor enjoyment and future enhancements. With established tenancy in place and room for long-term value enhancement, this property presents a strong opportunity for investors or owner-occupants seeking income potential in a convenient Hagerstown location.
Under the Maryland Tenants’ Bill of Rights, tenants must be provided 30 days to exercise their right of first refusal once an offer is accepted. This well maintained duplex offers a solid investment opportunity with established rental income and clear upside through future rent growth. The property consists of two residential units and an additional garage rental, providing diversified income from a single location. The unit at 407 McDowell Street is currently rented at $1,275 per month. In addition, a detached garage associated with this unit is rented separately for $55 per month on a month to month basis, with the garage tenant in place since 2018. The unit at 409 McDowell Street is currently rented at $1,200 per month on a month to month basis, with the original lease signed in 2019. Both residential units have long term tenants, reflecting stable occupancy and consistent rental performance. Current rents are below today’s market levels, creating a value add opportunity for a new owner to gradually increase rents over time while maintaining tenant stability. This makes the property well suited for an investor seeking immediate cash flow with the ability to improve returns through measured rent adjustments. The duplex is an attractive option for an owner investor or long term holder looking to acquire a manageable asset with proven income history and upside potential.
Don’t miss this investment opportunity at 701 West Washington Street! This two-unit property with separate electric meters is ready to generate rental income. Each unit features 2 bedrooms and 1 full bathroom. The upper unit is currently rented for $1,250/month, while the lower unit is rented for $1,100/month. This property provides immediate cashflow. The main level boasts a bright living room, cozy dining room, and a fully functional kitchen. The upper level offers a second unit with privacy and flexibility. The detached one-car garage, alley access, and rear parking add convenience. Sold as-is and move-in ready, this property is a fantastic opportunity to own an income-generating gem in downtown Hagerstown!
COMING SOON! 2 UNITS : Main Level 1 bedroom 1 Full Bath Upper 2 levels boast 3 Bedrooms 1 full bathroom , full kitchen and living room space! Built in 1910, this end-of-row townhouse showcases classic Colonial architecture, offering both charm and durability with its solid brick construction. Spanning 2,580 finished square feet, the layout is designed to maximize space and functionality. The interior features a breakfast area, ideal for creating a welcoming atmosphere that can attract quality tenants. The property's configuration allows for flexible living arrangements, making it suitable for various rental strategies, whether long-term leases or short-term rentals. The outdoor space includes a deck, providing an appealing area for tenants to enjoy, which can enhance rental desirability and potentially justify higher rental rates. The lot size of 0.06 acres ensures manageable maintenance while still offering outdoor space for tenants. Parking is a key consideration for many renters, and this property includes assigned on-street parking, adding to its convenience and appeal. The absence of a pool reduces maintenance costs, allowing for a more straightforward management approach. Investors will appreciate the potential for value appreciation in this established neighborhood. The property's age and architectural style may also attract buyers looking for character and history, which can be leveraged in marketing strategies. With no association fees or amenities to manage, this property offers a straightforward investment with lower overhead costs. The lack of extensive renovations needed allows for immediate rental income potential, making it an attractive option for both seasoned investors and those new to the market. Overall, this Hagerstown townhouse is positioned to deliver solid returns through rental income and long-term appreciation, making it a strategic addition to any real estate portfolio.
Beautifully updated two-family duplex offering two separate units with separate utilities—an excellent opportunity for owner-occupants or investors. Each spacious unit features two large bedrooms and one full bath, with bedrooms positioned across from each other for added privacy. Both units include a bright, oversized kitchen and a formal dining room, plus a generous family room with a fireplace. Enjoy additional living space in the sun-filled sunroom—perfect for relaxing, a home office, or a playroom. The upper unit mirrors the first-floor layout and adds a standout feature: a large private balcony ideal for outdoor enjoyment. Outside, you’ll find two garages and a long driveway for ample off-street parking, plus convenient street parking. The home has been extensively improved, including a new roof, new plumbing, new electrical, updated flooring, new light fixtures, fresh paint, complete landscaping, and upgraded bathrooms with new toilets, sinks, and a new vanity. The property also offers new appliances and new cabinetry. Home is ideally located near highways, shopping, and local amenities, this turn-key duplex combines space, updates, and convenience in one desirable package.
Great Location walking distance to the Beautiful Hagerstown City Park! FIVE (5) 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!
Well maintained multi-family duplex offering two separate units in a convenient Hagerstown location. Unit 301 features three spacious bedrooms and one full bathroom, providing a comfortable and functional layout. Unit 303 offers one bedroom plus a versatile bonus room ideal for a home office, den, or guest space, along with one full bathroom. Appliances are included in both units, adding immediate value for owners or tenants. Ideally situated near local parks, neighborhood shops, and everyday conveniences, with easy access to local roads and just minutes from the highway. A great opportunity for investors or owner occupants seeking flexible living arrangements and strong rental potential. Please note unit 301 was rented for $1,650 and unit 303 was rented for $1,300, both consecutively for two years!
NO CITY TAXES – LEAD FREE- Rare Multi-Unit Investment Opportunity This FHA-eligible 4-unit property in Hagerstown is a rare chance to acquire three adjoining parcels deeded together, totaling nearly 1 acre (˜40,000 sq ft). The property includes four residential rental units plus a large 2-bay garage for added income potential, all with no city taxes. The layout features two detached single-family homes, each with 4 bedrooms and 2 baths, and a larger brick building containing two fully renovated 1-bedroom, 1-bath apartments. All structures are solid brick and block construction, built to last. The one-bedroom units were gutted and rebuilt with all new LVP flooring, drywall, doors, windows, fixtures, kitchens, and baths. Recent capital improvements across the property include new roofs, gutters, replacement windows, and updated plumbing and electrical systems. The nearly acre-sized footprint offers plenty of off-street parking and a convenient location near shopping, schools, restaurants, and commuter routes. This lead-free property is safer, easier to insure, and highly attractive to tenants. It is also FHA-eligible, making it perfect for an owner-occupant who can purchase with as little as 3.5% down. Live in one unit while rental income from the other three units plus the garage helps cover your mortgage. Whether you are a first-time buyer or an experienced investor, this property offers strong returns, long-term value, and flexibility rarely found in Washington County. With its combination of condition, income potential, multiple parcels, and no city taxes, this is truly a one-of-a-kind investment opportunity in the heart of Hagerstown.
Solid Investment Opportunity with Established Income This professionally managed duplex offers two fully leased units, one featuring 2 bedrooms and 1.5 baths, and the other a spacious 1 bedroom, 1 bath. Current rents are below market, providing an excellent upside opportunity for investors seeking dependable cash flow with room for growth. In addition, a detached 2 car garage located at the rear of the property provides supplemental income and added long term potential. For investors looking to expand their portfolio, this property may also be purchased as part of a package with two additional fully occupied assets, including one single family home and one duplex, creating a diversified and attractive income stream across multiple properties. Conveniently located with strong long term rental demand, this property is well suited for both experienced investors and those continuing to build their portfolio. Showings require a minimum of 36 hours’ notice due to tenant occupancy to allow the management company adequate time to coordinate access. Friday showings must be scheduled before 3:00 PM, as management is unavailable until Monday, with showings resuming on Tuesday. A rare chance to acquire a performing asset with immediate income. Contact us today to schedule a private showing or to learn more about the full portfolio offering.
New Listing, All Brick Duplex featuring two large 1,470 sq ft units, each offering 3 bedrooms and 1 full bath. Beautifully restored and renovated, this property showcases hardwood floors throughout, chestnut woodwork, pocket doors, and a custom paint scheme with refinished trim. Each side includes a remodeled kitchen with hickory cabinets, appliances, and washer/dryer hookup (separate main level laundry area). The renovated period style baths feature a claw foot tub with polished nickel hardware, plus updated fixtures including a rain shower head. Major upgrades include new central air, a newer furnace, UV filtered replacement windows to help reduce utility costs, and ceiling fans in every room. Enjoy the rear yard with upper and lower porches, plus ample parking with off-street parking and an impressive 12-car garage/shed units located at the rear of the property, ideal for storage or additional rental income potential. Located just a short walk to 85-acre Fairground Park, with convenient access to major interstates. Buyer to verify schools.
POSSIBILITY OF 6 UNITS! Welcome to 601-603 North Mulberry Street, a 4 -unit residential investment. The property features 4, individually metered 1-bedroom apartments, with 2 separate entrances for each unit(8 total entrances). There are 2 additional attic units on each side that could be renovated into 2 additional efficiency or studio units! These additional attic units already have separate entrances, and the owner claims that a city inspector has said that these 2 units could be turned into additional residential space. The property is deeded as 2 separate parcels (601-603). The owner is willing to sell separately, but prefers to sell together as one portfolio. The properties will need some amount of renovation, with unit 603 needing more than cosmetic improvements. Call agent for estimated financials and rental estimates, or to schedule a private showing.
Pending release from prior contract. This two-unit, all brick apartment building was just updated and is ready for some new tenants. One apartment is on the main level and the other on the 2nd floor. Both have generous room sizes. Prior to the updates the 2 apartments rented for $1,300 and $1,400. The apartments feature solid wood flooring, attractive archways, fresh paint and is light and bright throughout. Come check out this investment property and see for yourself.
Location, Location, Location!! This versatile residence offers a unique blend of comfort and potential, making it an ideal addition to any investment portfolio. With multiple units, this property is designed to maximize rental income while providing tenants with a warm and inviting atmosphere. Each unit boasts spacious layouts, allowing for comfortable living and easy maintenance. The thoughtful design ensures that every corner of the property is utilized efficiently, creating a harmonious living environment that tenants will love to call home. Investors will appreciate the low management costs, as the owner currently covers management and real estate taxes, streamlining operations and enhancing profitability. The property's strategic location offers easy access to local amenities, ensuring high demand from prospective tenants. With a growing community nearby, the potential for rental increases and property appreciation is significant. The exterior of the property is well-maintained, providing a welcoming first impression. Ample parking ensures convenience for residents, while the surrounding area offers a variety of recreational and lifestyle options, making it an attractive choice for renters. With the right management and marketing strategies, you can capitalize on the current rental market trends and maximize your return on investment. Whether you're a seasoned investor or just starting out, this property presents a unique opportunity to build wealth while providing quality housing. You can also live in one unit and rent the other, and essentially living rent free. Don't miss your chance to invest in a property that combines comfort, convenience, and cash flow potential. Schedule a viewing today and envision the possibilities that await! The property is rented as fully furnished, and the price is also base on a ready to move in status. New roof 2023, and new HVAC for both units 2024. Owner is real estate agent.
Prime Investment Opportunity with Established Income This professionally managed duplex features two spacious three bedroom, one bath units with rents currently below market, offering a strong opportunity for investors seeking reliable cash flow with upside. Both units are fully leased, producing a combined monthly income of $2,680. In addition, three detached garages located at the rear of the property provide supplemental income and added potential for future growth. For investors looking to expand their portfolio, this property may also be acquired as part of a package with two additional fully occupied assets, one single family home and one duplex, creating a diversified and attractive income stream across multiple properties. The property is well situated in a convenient and accessible location, providing long term stability and room for value growth. It is well suited for both experienced investors and those continuing to build their portfolio. Due to tenant occupancy, showings require a minimum of 36 hours’ notice to allow the management company adequate time to notify tenants. Friday showings must be scheduled before 3:00 PM, as management is unavailable until Monday, with showings resuming on Tuesday. This is a rare opportunity to acquire a performing asset with immediate income. Contact us today to schedule a private showing or to learn more about the full portfolio offering.
Fully rehabbed duplex investment opportunity in the heart of Hagerstown. This well-maintained property features two updated units, including a 3-bedroom, 1-bath upper unit and a 1-bedroom, 1-bath lower unit. Both units have been completely renovated including with new paint, new flooring, and updated bathrooms throughout. The roof is less than 2 years old. The lower unit is vacant, making it ideal for an owner-occupant or for immediate rental at market rates, while the upper unit is tenant-occupied through February, providing reliable income. A video tour of the upstairs unit is available upon request. Located near downtown Hagerstown, the property offers convenient access to shopping, dining, and daily necessities, with quick connections to I-70 and I-81 for commuting. Public transportation options are close by, and the downtown area provides access to MARC rail service. Residents will enjoy proximity to City Park, Fairgrounds Park, and the Hagerstown Cultural Trail, along with nearby schools, medical facilities, and recreational amenities. This property presents a turnkey investment opportunity in a growing and well-connected area.
Great Investment Opportunity – 5-Unit Multi-Building Fully rented and cash-flowing. 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.
***Investor Alert*** 3 Unit Brick Apartment Building with each Unit Offering 2 Bedrooms. Units 1 and 3 are Fully Updated with Unit 2 being Partially Updated. Each Unit is Separately Metered with its own Water Heater. Replacement Windows Throughout. ***Buyer backed out at no fault to the seller***
Fantastic Investment Opportunity – Fully Rented 5-Unit Turnkey Building This well-maintained 5-unit property is a turnkey investment, fully rented with reliable long-term tenants. Current rents are significantly below market, offering excellent value-add potential through rent increases to market rates. The building features four 1-bedroom units and one 2-bedroom unit with an additional office/den. Off-street parking is available at the rear of the property. Unit Breakdown: Unit 16 (First Floor): Living room, dining room, kitchen, bedroom, and bathroom Unit 16 (Second Floor): Living room, dining room, kitchen, bedroom, bathroom, and office/den Unit 16 ½: Main level includes living room and kitchen; second level has bedroom and bathroom Unit 18 (First Floor): Living room, kitchen, bedroom, and bathroom Unit 18 (Second Floor): Living room, kitchen, bedroom, and bathroom (currently rented) With strong occupancy, room to grow income, and minimal upkeep needed, this is a great opportunity for both new and seasoned investors.
INVESTORS SPECIAL! Nice four unit building available in downtown Hagerstown! The building has two sides each with a 1/1 bath unit and a 2/1 bath unit! Well-maintained!! Off-Street parking!
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.
Beautiful Colonial Multifamily Near Hagerstown City Park! This charming Colonial-style property offers both character and versatility, currently rented as two separate units for a total of $2,500 per month. The previous owner invested over $60,000 in improvements just a few years ago, including a new roof, remodeled bathrooms, kitchen and flooring. The main-level unit features one bedroom, a kitchen, dining room, living room, and laundry room. The upper-level unit on 2nd and 3rd floor includes three bedrooms, two bathrooms, a kitchen, dining area, and a special suite with its own half bathroom. Additional features include hardwood floors, a garage for storage, a spacious front porch, and a small driveway for off-street parking. This well-maintained two-unit property is fully rented on one-year leases and offers a wonderful opportunity for investors or buyers seeking a home that can easily be converted back to a single-family residence. Its location near Hagerstown City Park adds even more appeal, blending convenience, comfort, and charm in one exceptional property.
Turnkey Investment – Real Estate & Business with On/Off class D Liquor License! Discover a true value-add investment with Harman’s Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers EIGHT TOTAL UNITS, including retail space and spacious apartments – all currently occupied by long-term tenants. Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation. Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find. ?? Schedule your private tour today!
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.
