643–645 Pennsylvania Ave is almost complete! The wait is over—these impressive duplexes are now available to view. With only the finishing touches remaining, this is a great opportunity to see the quality, layout, and potential firsthand. Schedule your showing today! Beautifully remodeled duplex featuring two fully updated units! 643 Pennsylvania Ave offers 3 bedrooms and 2 full bathrooms upstairs, plus 1 bedroom and 1 full bath on the main level. Hardwood one main level and engineered flooring in the bedrooms level. Gorgeous kitchen cabinetry and with granite countertops, stainless steel appliances, and built-in microwave. Unfinished basement. 645 Pennsylvania Ave includes 3 bedrooms and 2 full bathrooms upstairs and Half bath on main level, hardwood floors on the main level, engineered wood upstairs, and a brand-new kitchen cabinetry with granite and stainless steel appliances. Both units have new roofs (2025), all-new plumbing, electrical wiring and panels, new windows, fresh interior paint, and fire sprinklers. Move-in ready and perfect for investors or owner-occupants!
628–630 – Three-Unit Investment Property Opportunity awaits in this three-unit building featuring two one-bedroom apartments and one three-bedroom end unit. Two units are currently vacant, offering flexibility for renovations, tenant placement, and future income growth. Tenants pay their own electric. The property needs TLC and is being offered as an opportunity for an investor or owner-occupant to add value and create attractive, income-producing units. Bring your vision and unlock the potential of this multi-unit property. Also available from the seller’s portfolio: Buyers may also consider the following properties currently offered for sale: MDWA2040474 - LOT N Prospect St (beside 628-630) MDWA2040358 - 644 N. Prospect St MDWA2040362 - 646 N. Prospect St
Beautifully remodeled duplex with one tenant in place and 1 empty unit to move into or rent out. 2 units each have 3 bedrooms and 1 bathroom. The bottom unit is currently occupied, but is in the same condition as the top unit. The owner would like to only show the upstairs unit until we have an offer. Both units have laundry hook ups .
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!
Great investment opportunity in Downtown Hagerstown! This spacious duplex offers two separate units, each featuring 3 bedrooms, 1 full bathroom, in-unit laundry, an unfinished basement, attic space, and off-street parking located behind the units with access from the rear alley. Both units will be vacant, giving the new owner the flexibility to place their own tenants and establish rental terms from the start. With a total of 6 bedrooms between the two units, separate living spaces, updates throughout, and convenient off-street parking, this property offers excellent potential for an investor looking to add an income-producing property to their portfolio. Conveniently located near Downtown Hagerstown with easy access to shopping, dining, commuter routes, and local amenities. Whether you're expanding your rental portfolio or looking for a multi-unit investment opportunity, 845–847 W Washington Street is ready for its next owner!
GREAT INVESTMENT OPPORTUNITY, EXTENDED-FAMILY LIVING OR FLEXIBLE MULTI-GENERATIONAL USE! This spacious single-family home is uniquely arranged to offer two separate units. UNIT 1 ( 2 bedroom 1 bath ) - The main level features a kitchen, dining room, living room, two bedrooms and a full bath ( 1 ).UNIT 2 ( 3 bedroom 2 bath )- The second-floor living area includes two bedrooms, a full bath ( 2 ), remodeled kitchen and dining room, while the third floor offers a large family room, additional room that could serve as a bedroom, and another full bath ( 3 ). Enjoy views overlooking the city park, with off-street parking located in the rear and accessed from the alley connecting Reynolds Avenue and Summit Avenue. Great potential for extended-family living, multi-generational living or an owner occupant looking for additional living space.
Spacious over/under 2-unit duplex now available in a very desirable Hagerstown location. Each unit features a spacious living room, large eat-in kitchen, 3 bedrooms, and 1 full bathroom. Each unit also has its own separate laundry hookups, hot water heater, central air conditioning, efficient gas heat, and are metered separately for utilities. Lower unit has been beautifully updated and offers a private, covered front porch that overlooks a peaceful park setting, and there is a paved driveway with plenty of parking in front. Upper unit has walk out to a private patio and large, level back yard with private driveway. Parking accessible via the alleyway behind the home. Will make an ideal in-law residence, investment opportunity, or easily utilize the entire home! Ideal commuter location within less than a mile to I-81 and I-70 and just minutes to the WV and PA state lines. Convenient to shopping, restaurants, downtown Hagerstown, the historic Maryland Theatre, and Meritus Park. Don't miss this incredible opportunity. Schedule your showing today!
Prime historic downtown Hagerstown investment opportunity! This impressive all brick property offers approximately 5,000 square feet of living space and features three total units, a fully fenced backyard, and plenty of off street parking in the back. Major improvements have already been completed, providing valuable peace of mind. Extensive electrical work was completed in 2021, including replacement of wiring, outlets, switches, and light fixtures, along with the installation of baseboard heaters. The rubber roof is approximately 15 years old. A comprehensive plumbing project was completed in 2025, including replacement of old waste and water lines, new PVC waste/vent piping, new PEX water piping, and an upgraded 3/4-inch main water line. Two units are currently vacant and may be shown anytime. The third unit is tenant occupied and requires 24-hour notice—no exceptions. 45 E Antietam Street features a spacious one bedroom, one full bathroom unit on the main level, plus a large three bedroom, one full bathroom unit spanning the second and third levels. 47 E Antietam Street offers five bedrooms, one full bathroom, one half bathroom, and laundry hookups. This unit is currently a renovation in progress, offering the opportunity to bring your own vision and maximize its potential. With its substantial size, recent major system upgrades, multiple units, and excellent downtown location, the possibilities are endless. Enjoy being within walking distance of the historic Maryland Theatre, fine dining, the library, local shopping, and all that downtown Hagerstown has to offer. Don’t miss this unique opportunity to own a substantial multi-unit property in the heart of historic downtown Hagerstown!
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.
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!
Three separately deeded parcels being sold together create an outstanding investment opportunity with immediate cash flow and future development potential. The sale includes the fully renovated duplex at 117 & 119 Fairground Ave along with the adjoining buildable lot at 113 Fairground Ave for a combined purchase price of $435,000. The duplex is fully occupied and currently generates $3,480 per month ($41,760 annually) in gross rental income. Unit 117 rents for $1,800/month and features 3 bedrooms, 1 full bath, and 1 half bath. Unit 119 rents for $1,680/month and offers 3 bedrooms and 1 full bath. Annual real estate taxes for all three parcels total approximately $6,816. Both residences have been thoughtfully renovated while maintaining their classic charm. Improvements include refinished hardwood floors, fresh paint throughout, renovated kitchens with upgraded cabinetry and appliances, updated bathrooms, modern lighting, updated fixtures, and new electric central HVAC systems providing both heating and air conditioning in each unit. This is a significant advantage over many comparable rental properties in the area that still rely on older heating systems paired with window air conditioners. Each unit features spacious living and dining rooms, shared covered front and rear porches, separate basements, and access to a detached two-car garage located at the rear of the property. What truly sets this property apart is the separately deeded lot at 113 Fairground Ave. Situated directly beside the duplex, this flat RMED-zoned parcel offers outstanding future potential. The seller has confirmed with the City that the lot is suitable for construction of a new single-family residence, although a duplex is not permitted. Buyers should verify all development plans with the City of Hagerstown. If you choose not to build immediately, the additional lot offers endless possibilities including expanded parking, a large vegetable garden, outdoor recreation space, storage, or simply holding for future appreciation. Located in the heart of Hagerstown, the property provides convenient access to downtown restaurants and shopping, Hagerstown City Park, the Maryland Theatre, Hagerstown Premium Outlets, and I-70 and I-81 for easy commuting. Whether you're adding to your rental portfolio, completing a 1031 exchange, or looking for an investment with both dependable income and long-term upside, opportunities like this are hard to find. Enjoy immediate cash flow from two renovated, tenant-occupied units today while owning a separately deeded buildable lot that creates additional value for tomorrow.
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!
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!
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.
Financial fell through 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 (1) one bedroom unit and (1) two bedroom units. 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.
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.
