Calling all investors! 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!
Everything is NEW! Completely renovated from top to bottom, this impressive four-unit property offers the perfect blend of modern finishes and major system upgrades. No detail was overlooked, with all new plumbing, electrical, heating and HVAC systems with new ductwork, updated framing and drywall, new windows and doors, and a brand-new rear deck. Each unit features beautifully updated kitchens with brand-new appliances and stylish finishes, creating attractive, move-in ready living spaces. All four units are separately metered for both electric and water, providing added convenience and efficiency for owners and tenants alike. With extensive renovations already completed, this is a rare turnkey opportunity with projected gross rental income of approximately $5,500 to $6,000 per month, offering an exceptional opportunity for investors seeking strong cash flow and minimal maintenance for years to come.
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.
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!
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.
Turnkey Renovated Duplex – Ideal for Owner-Occupants or investors! Hagerstown is growing and rentals are in demand, businesses, restaurants, multiple mega warehouses, new multi million dollar baseball stadium, and more! This fully updated 2-unit property features two spacious units, each offering 3 bedrooms and 1 full bathroom. Extensive renovations include brand-new kitchens and bathrooms, luxury vinyl flooring, stainless appliances, fresh paint, and private rear decks. Fenced in backyards. Unit 137 features the added benefit of a private parking space. With separate electric meters, tenants pay their own utilities, keeping overhead low. Perfectly situated near local shopping, dining, and major commuter routes (I-70/I-81). Live in one side and let the other pay your mortgage, or add a high-performing asset to your portfolio.
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.
PRICE IMPROVEMENT!!! Fantastic opportunity to own a fully occupied duplex generating $2,620 in monthly rental income with established long-term tenants already in place. Whether you are looking to expand your investment portfolio or explore a future owner-occupied opportunity, this property offers strong income potential and flexibility. The property has been well maintained and features central air along with several recent updates, including a newer water heater, new carpet in the upper unit, exterior improvements, and additional maintenance updates throughout the property. Water, sewer, and trash are currently owner paid and average approximately $330–$340 per quarter, with those expenses already factored into the current rental structure. Tenant occupied — showings available by appointment only with a minimum of 24 hours notice. Also available as part of a 2-property duplex portfolio featuring a total of 4 units and over $5,500 in combined monthly income. Properties may be purchased individually or together. Presented by the Dreamy Dwellings Team of Century 21 Redwood Realty.
PRICE IMPROVEMENT!!! Exceptional opportunity to own a fully occupied duplex currently generating $2,890 in monthly rental income with stable, in-place tenants and immediate cash flow from day one. Whether you are looking to expand your investment portfolio or searching for an owner-occupied opportunity, this property offers flexibility and strong income potential. Future owners may choose to live in one unit while offsetting expenses with rental income from the other unit. Both units were painted approximately 2 years ago, and carpeting in both units was replaced at the same time. The lower unit also features a newer washer and a wall A/C unit replaced approximately 2 years ago. In addition, the roof is only a couple of years old, helping provide added peace of mind for future ownership. The property features separately metered electric. Tenant occupied — showings available by appointment only with a minimum of 24 hours notice. Also available as part of a 2-property duplex portfolio featuring a total of 4 units and over $5,500 in combined monthly income. Properties may be purchased individually or together. Presented by the Dreamy Dwellings Team of Century 21 Redwood Realty.
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.
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.
813 is a THREE BEDROOM ONE BATH and 815 is a FOUR BEDROOM ONE AND A HALF BATHS, both with OFFSTREET PARKING. Live in one side and rent out the other; or great for multi-family / multi-generational occupancy; or live next door to your best friend, or make it a great investment property. The possibilities are endless. With a total finished area of 3,010 square feet, this twin/semi-detached home is designed to maximize rental potential while providing a warm and inviting atmosphere. Step inside to discover a well-maintained interior featuring a combination of laminate plank, carpet, and vinyl flooring that enhances both comfort and durability. The spacious dining area is perfect for gatherings, while the walkup attic provides additional storage or potential for creative use. The bathrooms are equipped with tub-shower combinations, ensuring convenience for tenants. The property is fitted with vinyl, double-pane windows that not only enhance energy efficiency but also allow natural light to flood the living spaces. The exterior boasts low-maintenance vinyl siding, complemented by inviting patios, balconies, and porches that create ideal spaces for relaxation. Sidewalks enhance the neighborhood's walkability, making it appealing for potential renters. The level rear yard offers a semi-private outdoor retreat, perfect for gardening or outdoor activities, adding to the property's overall charm. The property comes equipped with essential appliances, including a refrigerator, stove built-in microwave, and dishwasher, ensuring that tenants have everything they need for comfortable living. This feature can significantly reduce initial setup costs for new renters, making the property more attractive in the rental market. Situated on a generous 0.2-acre lot, this property provides ample off-street parking for up to four vehicles, a valuable asset in urban settings. The paved parking area adds convenience for tenants and guests alike. The level lot is easy to maintain, reducing long-term upkeep costs for investors. With its desirable features and prime location, this property presents an excellent opportunity for investors looking to capitalize on the rental market. The potential for steady rental income, coupled with the property's good condition, makes it an attractive option for both seasoned and new investors. This property not only offers a comfortable living environment but also the promise of strong returns, making it a wise addition to any real estate portfolio. Don't miss the chance to invest in a property that embodies both charm and opportunity!
**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!
Fully Rented Triplex $3,175 Monthly Income Hagerstown Solid brick three-unit property located at 616 W Franklin Street, delivering immediate and stable cash flow. The asset is fully occupied and generates $3,175 per month in gross rental income, totaling $38,100 annually. The property consists of three 2-bedroom, 1-bath units, each with private parking. All units are separately metered for electric and feature baseboard heating, keeping utility costs with the tenants and providing a clean, predictable expense structure. This is a true plug-and-play investment. Take over and continue collecting consistent income from day one. The building offers durable construction, functional layouts, and strong long-term rental demand in an established Hagerstown location, just minutes from I-70, I-81, and downtown amenities. Stabilized multifamily assets with separate utilities and reliable income streams continue to perform well in Washington County. Whether you are expanding your portfolio or entering the multifamily space, this is a straightforward, income-producing property with proven performance.
Investor opportunity with immediate income and upside potential. Fully occupied duplex currently generating $2,253/month in rental income, with utility reimbursement averaging approximately $350/month to help offset operating expenses. Tenants are responsible for utilities. Offering 2,112 finished square feet on a 0.07 acre lot in an area with consistent rental demand and convenient access to shopping, dining, commuter routes, and downtown Hagerstown amenities. Strong opportunity for investors seeking an income producing multifamily property with long term potential. Buyer to verify all rental licensing, lead certification requirements, income, expenses, and use.
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 presents a solid investment opportunity with established rental income and clear upside through future rent growth. The property consists of two residential units plus a separately rented garage, creating diversified income from a single location. The unit at 407 McDowell Street is currently rented for $1,275 per month. In addition, the detached garage at 407 McDowell 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 for $1,200 per month, also 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. Overall, this duplex is an attractive option for an owner-investor or long-term holder looking to acquire a manageable asset with a 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!
Great Location walking distance to the Beautiful Hagerstown City Park! Ok 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!
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.
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.
