Excellent investment opportunity at 600 & 602 Frederick Street in Hagerstown! This fully occupied multifamily property features four residential units, providing immediate rental income from day one. In addition to the residential units, the property includes eight garage bays—all currently rented—creating an additional and valuable income stream. With established tenants already in place and multiple sources of rental revenue, this property offers an attractive opportunity for investors looking to expand their portfolio. Conveniently located near shopping, dining, commuter routes, and other local amenities. Lease information, rental details, and financial records are available upon request. Please do not disturb the tenants; scheduled appointments are required.
429-431 N Locust Street, a fully occupied, six-unit multifamily investment located in a well-established residential pocket just north of Downtown Hagerstown, Maryland. Built in 1918, this three-story brick building offers six spacious one-bedroom, one-bath units averaging approximately 942 square feet each notably larger than typical one-bedroom product in the market — with original character details throughout, including hardwood flooring, French pocket doors between principal rooms, bay windows, and radiator heat. The property is 100% leased to long-tenured residents, producing $64,980 in current annualized gross rent ($5,415/month). In-place rents average $902 per unit, roughly 10.8% below the current Hagerstown, MD average asking rent of $1,000 for a one-bedroom apartment, creating built-in upside for an incoming owner. Three of the six leases roll within the next twelve months (Units 2N, 3N, and 431), offering a near-term, low-friction opportunity to reposition rents toward market as tenancies turn. Offered at $600,000 ($100,000 per unit), the asking price reflects a 4.9% pro forma cap rate on stabilized Year 1 operations at current in-place rents, with upside to a 5.9% cap rate once turnover units are re-leased at the current market average. The roof was replaced in 2021, and the property is professionally managed by Tristate Property Management, LLC, which also manages two neighboring RG Realty-listed properties on the same block (400 N Potomac St and 424-426 N Locust St) — presenting a buyer the opportunity to assemble a coordinated multifamily position with shared management and maintenance efficiencies in the immediate submarket. Additional value-add potential exists through a utility sub-metering or ratio utility billback (RUBS) program, as ownership currently pays 100% of electric, gas, and water/sewer/trash costs directly. Ancillary income opportunities, including laundry and off-street parking (if available), have not yet been captured in current operations. Located within roughly one mile of Downtown Hagerstown Square, Meritus Medical Center, and Hagerstown Community College, the property offers easy access to I-81 and I-70, connecting to Baltimore, Washington D.C., and the broader Mid-Atlantic corridor. The surrounding submarket benefits from a diversified regional employer base spanning healthcare, logistics, financial services, and manufacturing, supporting steady long-term rental demand for well-located, workforce-housing product. This is a turnkey, cash-flowing multifamily asset with a clear, low-risk path to additional value through contractual lease rollover, mark-to-market rent repositioning, and operating efficiencies offered at a fair basis relative to gross rent for a buyer seeking a stabilized entry point into the Hagerstown multifamily market. Financial package, current rent roll, and showing instructions available upon request through the listing broker.
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.
Excellent opportunity for investors or owner-occupants! This duplex features two spacious units, each offering 3 bedrooms and 1 full bathroom. One unit is vacant and ready for immediate occupancy, while the second unit is tenant-occupied, providing rental income from day one. The long-term tenant has occupied the property for approximately 16 years and currently pays $1,000 per month. Live in one unit while generating income from the other, or add this property to your investment portfolio. Don’t miss this great income-producing opportunity!
This is a fantastic opportunity to own a 4-unit investment property in a prime downtown Hagerstown location. Conveniently situated near shopping, restaurants, and the new Meritus Park baseball stadium, this property also offers easy access to major highways, making it ideal for commuters.The property features both on-street and off-street parking, providing added convenience for you and your tenants. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this is an opportunity you won't want to miss.Schedule your showing today and see the potential this investment property has to offer!
Investor opportunity in the heart of Hagerstown! This rare offering includes 545 & 547 Frederick Street, a side-by-side duplex consisting of two 3-bedroom, 1-bath townhomes being sold together. Both units are vacant, making this an excellent opportunity for investors looking to renovate and lease, resell, or add to their portfolio without tenant restrictions. Each home features three finished levels above grade, an unfinished basement, spacious floor plan, large rear yard, detached garage, and separate entrances. Window A/C units are currently in place, with no central air. Bring your vision and unlock the potential of this value-add property. Conveniently located near downtown Hagerstown, shopping, restaurants, parks, and commuter routes. Sold strictly AS-IS, WHERE-IS.
Excellent Investment Opportunity in Downtown Hagerstown! Don't miss this mixed-use investment property at 158 1/2–160 S. Potomac Street. Featuring three income-producing units—two residential apartments and one commercial storefront—this property offers excellent cash-flow potential. Ideally located just one block from Meritus Park, home of the Hagerstown Flying Boxcars, this property is positioned to benefit from the continued revitalization and growth of downtown Hagerstown. Tenants will enjoy convenient access to restaurants, shopping, entertainment, public transportation, and numerous local attractions. Whether you're looking to expand your investment portfolio or own a well-positioned mixed-use property in a thriving downtown district, this is a rare opportunity you won't want to miss.
Prime Corner Location just behind the new Hagerstown SportsPlex/Field House! This exceptional mixed-use property offers outstanding investment potential with 3 income-producing residential apartments, 12 parking spaces, and 2 garages. The expansive first floor features 6 private office/exam rooms, 4 half bathrooms, and a kitchen. Previously operated as a daycare and, before that, as a medical office, this versatile space is ideal for a wide range of commercial uses, including professional offices, medical practices, educational facilities, and more. It may also offer the opportunity to be converted into additional residential units, subject to buyer verification and approval. Buyers are encouraged to perform their own due diligence with the City of Hagerstown regarding zoning, permitted uses, and redevelopment possibilities. The upper level consists of 3 residential apartments, providing immediate rental income and multiple revenue streams. The building is also equipped with a sprinkler system, adding value and flexibility for future use. Located in one of Hagerstown's fastest-growing commercial and entertainment districts, this corner property offers excellent visibility, easy access, and tremendous long-term appreciation potential. Whether you're an investor looking to expand your portfolio, an owner-occupant seeking business space with rental income, or a developer exploring future opportunities, this property delivers exceptional versatility and value. Don't miss this rare opportunity to own a high-income mixed-use property in one of Hagerstown's most desirable growth areas!
SEE VIDEO TOUR!!! Attention investors and cash-flow owner occupants. This turn-key duplex offers two nearly identical units with one currently tenant occupied and one currently owner occupied. Monthly rent on tenant occupied side is $1,300 with tenant paying all utilities. Total annual income potential of $31,200+ with owner occupied unit rented. OR, occupy one side and rent the other side. With 20% down and a 6.5% interest rate, 2/3rds of your mortgage payment is covered. Add this to your rental portfolio or start one with it! Recent updates include new maintenance-free composite deck flooring and railing as well as a recent roof (6 years old) and pergolas on each side provide a great backyard environment. High demand off-street parking with 3 spaces per side as well as fenced rear yards. Combine all of this with a great location and you may have just found your next investment property! 12 hour notice for showings due to tenants.
Turn Key Investment Opportunity. Upper and Lower Duplex fully occupied. This property has been professionally managed by Bowen Property Management. Both units are rented. Lower unit for $985 per month and upper for $875 per month with both tenants paying their electric. . Owner pays Water, Sewer, Trash., Landscaping and Snow Removal.
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!
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!
pleased to present 629 Oak Hill Avenue, a substantial six unit multifamily investment opportunity in Hagerstown’s Historic North End. This recently restored property features six unusually large two bedroom, one bathroom apartments, each offering approximately eight rooms, including a kitchen, dining room, living room, den, sunroom, private porch, and storage. The building retains impressive historic character, including original woodwork, French doors, abundant windows, covered porches, and a fireplace feature in each apartment. Each unit is served by its own HVAC system. Additional amenities include off street parking, basement storage, a coin operated laundry room producing approximately $300 per month, and a detached four car garage offering additional income potential. The combination of oversized apartments, individual HVAC systems, historic character, parking, laundry income, and garage potential makes this a strong multifamily investment with multiple opportunities to improve long term returns.
Calling all investors or savvy owner occupants! Over-under duplex available in Hagerstown for approachable price point. Lower level unit is currently rented for $1,000 per month(month to month lease with 20 year tenant) and the upper unit is vacant(formerly $1,000 per month) and ready for owner occupancy or future tenant. This well-maintained duplex on Salem Ave in Hagerstown offers a fantastic opportunity to add a turnkey income property to your portfolio. Each unit features 1 bedroom and 1 full bath, making it ideal for tenants seeking low-maintenance living. Major exterior upgrades have already been taken care of, with both the flat roof and shingle roof, along with all gutters, replaced in 2025, giving the new owner peace of mind for years to come. The driveway offers parking for up to four vehicles, a major bonus for tenants and a key feature for maximizing rental appeal. Conveniently located close to shopping, restaurants, and Hagerstown's entertainment district, with easy access to Route 81 and Route 70 for commuters. Whether you're looking to expand your rental portfolio or house-hack with one unit while renting the other, this property is full of potential. Don't miss this opportunity!
Fully occupied 3-unit multifamily investment opportunity in Hagerstown at an affordable price point. 106 Randolph Avenue features three 1-bedroom, 1-bathroom apartments, all currently rented and producing stable in-place income. The simple unit mix makes the property easy to rent and manage, with strong demand for affordable 1-bedroom units. Current rents are below market, creating a clear value-add opportunity for a new owner to increase cash flow over time as leases renew and rents are adjusted toward market levels. All units have passed lead paint testing, and rental licensing documentation is in place. Ideal for investors seeking immediate income, long-term upside, and room to improve overall returns through rent growth. 24 Hrs. Notice
Excellent investment opportunity in a prime location with strong rental history and upside potential. This fully rented up-and-down duplex features two 2-bedroom, 1-bath units with separate electric meters and a detached 2-car garage. Unit 904 currently rents for $950/month, while Unit 906 is below market at $800/month, offering immediate value-add potential for increased cash flow. Property improvements include replacement windows and an upgraded 200-amp electrical panel. A solid addition to any investment portfolio with stable income and future growth opportunity. 2025 YE and 2026 YTD P&L is uploaded in Bright.
ATTENTION INVESTORS! 5 UNIT APARTMENT BUILDING OVERLOOKING THE NEW $95MM MERITUS BASEBALL PARK, AMPLE PARKING IN REAR FOR TENANTS, SHED FOR MAINTENANCE STORAGE. BRICK, COMMON NATURAL GAS HEAT AND WATER/SEWER. CALL FOR DETAILS AND TO SCHEDULE A TOUR, LISTING AGENT WILL ACCOMPANY.
**INCOME GENERATING!** Perfect opportunity to own a strong cash-flowing duplex in a convenient and highly accessible location in Hagerstown. This well-maintained 2-unit property is currently occupied by two long-term tenants, generating a combined monthly rental income of $2,575, making it an excellent opportunity for both seasoned investors and those looking to begin or expand their real estate portfolio. The property offers a functional layout with solid rental history and consistent occupancy potential. Outside, you’ll find valuable amenities including off-street parking, a spacious backyard, and a rear deck that adds additional outdoor living space for tenants to enjoy. Conveniently situated near major commuter routes, shopping centers, restaurants, and everyday conveniences, this location continues to see strong rental demand. Whether you are looking for immediate cash flow, long-term appreciation potential, or an addition to your investment portfolio, this duplex presents a compelling opportunity in a growing market.
This duplex presents a fantastic opportunity for investors or owner-occupants alike. Each spacious unit (538 & 540) features 3 bedrooms and 1 full bathroom, offering strong rental income potential. Enjoy the convenience of ample street parking, along with additional off-street parking available at the rear of the property. Property is being sold as-is.
Investment Opportunity – Fully Occupied 3-Unit Brick Property Across from Hagerstown City Park Seize the opportunity to own a fully tenant-occupied, all-brick triplex ideally situated directly across from the scenic Hagerstown City Park. This well-maintained property offers a rare combination of location, stability, and long-term upside in one of Hagerstown’s most desirable areas. Each unit features spacious, light-filled rooms, hardwood flooring, and strong rental appeal. The first-floor unit includes a charming fireplace, while tenants enjoy access to a large front porch with picturesque park views. Additional highlights include a private rear porch, garden-style tub, and convenient off-street parking with rear alley access. Tenants are responsible for their own heating and utilities, helping to maximize investor returns. The property has recently been updated to meet current city code standards, providing peace of mind for the next owner. Located just three blocks from the new multi-sports stadium currently under construction, this property is positioned to benefit from continued growth and revitalization in the surrounding area. Whether you're expanding your portfolio or seeking a solid, income-producing asset in a prime location, this property offers exceptional potential. Seller is open to all reasonable offers.
This charming Colonial duplex is in a convenient location in Hagerstown and is well maintained. Both sides (836 & 838) are being sold together. Side 838 has (2) one bedroom units that share heat and a laundry. Side 838 has (1) three bedroom unit. Both sides have separate gas meters and each unit has its own electric meter. All units are fully rented.
This charming Colonial duplex is in a convenient location in Hagerstown and is well maintained. Both sides (836 & 838) are being sold together. Side 838 has (2) one bedroom units that share heat and a laundry. Side 838 has (1) three bedroom unit. Both sides have separate gas meters and each unit has its own electric meter. All units are fully rented.
OWNER FINANCING AVAILABLE TO QUALIFIED BUYERS- Well-maintained solid brick over-under duplex offering flexibility for both owner occupants and investors. The lower unit is currently designated for commercial use and is fully equipped with a kitchen and full bathroom, making it ideal for a small business or flexible mixed-use setup. An owner can live in the upper unit while operating a business below, creating a practical live and work opportunity. Due to the commercial component, FHA financing is not eligible. The property also presents the potential, subject to approvals, to convert the lower level to full residential use, further expanding its income potential. The upper unit offers a spacious three-bedroom, one-bath layout with several updates, including a remodeled bathroom and updated flooring throughout. The property has been well maintained and includes major improvements such as a roof replaced in 2019, a new heat pump installed in June 2025, and a new hot water heater in 2025. A large, privacy fenced yard adds to the overall appeal. Centrally located with excellent accessibility, this property provides multiple strategies, whether for owner occupancy, rental income, or mixed-use, with strong long-term upside.
**Charming Multi-Family Investment Opportunity** Discover the potential of this multi-family property located at 422 and 422 1/2 McDowell Avenue in Hagerstown, MD. This property has two-units, each unit boasts 3 bedrooms and 1 bathroom. While the property requires renovations, it presents a fantastic opportunity for investors or homeowners looking to customize their space. Don’t miss out on this opportunity to make your mark in Hagerstown!
Welcome to 36 High Street! This conveniently located Hagerstown property is either your next affordable home, OR investment property! Monthly Rent is $775, with room to increase. Tenant pays all utilities. Lease is month-to-month. The home has lower than average taxes for this area, furthermore increasing its affordability! The property features a sealed metal roof, a recently replaced 2 year old furnace, all new replacement windows, and much more! The property features 2 full bathrooms, adding logistical value to the home. Don't wait, 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.
