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.
Renovated 2 townhouses for sales : 438 and 440 Mitchell ave. One unit currently rented, can deliver other unit vacant or rented.
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.
NORTH END OF HAGERSTOWN!!! NICE 6 UNIT APARTMENT BUILDING (POSSIBLY 7) 5 UNITS ARE RENTED AND 1 UNIT VACANT WITH A LITTLE WORK TO BE DONE. ALL TENANTS PAY FOR THIER OWN HEAT & ELECTRIC. ALL UNITS ARE BELOW MARKET VALUE. OWNER HAS CITY LICENSE AND ALL LEAD CERTIFICATES. THERE IS STREET PARKING AND REAR ALLEY PARKING WITH POSSIBLE OPTION TO BUILD A GARAGE...
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.
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 UTILITES, LAWN CARE AND SNOW REMOVAL. UPDATED WINDOWS, NATURAL GAS FURNACES NEW 2023 FOR 603, NEED 48 HOURS FOR SHOWINGS. CALL ALICE TO SCHEDULE.
Excellent Investment Opportunity, Side-by-Side Duplex in Prime Location Another solid addition to any real estate portfolio — whether you're a seasoned investor or just starting out. This side-by-side duplex is located in a desirable area with low operating expenses and strong tenant history. Both units are currently rented with below-market rents, offering immediate value-add potential through future rent increases. A well-maintained, income-producing property in a great location, don't miss out.
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.
This is a well kept six unit apartment building in the north end of Hagerstown is an Investors dream. Each unit offers two bedrooms and one bath with hardwood floors adding a classic touch throughout. Four of the units are heated with natural gas radiant heat, while the remaining two use electric baseboard heat. Tenants handle their own heat, hot water, and electric, and the owner covers the common area electric, water, sewer, trash, landscaping, and snow removal. A coin operated laundry is on site and brings in additional income.
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!
Turnkey Duplex Investment with Immediate Cash Flow & Long-Term Upside Discover a rare opportunity to own a fully leased two-unit Colonial duplex in the heart of Hagerstown’s growing rental market. Each spacious 2-bedroom, 1-bathroom unit features approximately 959 sq. ft. of living space with separate entrances and electric meters, offering low-maintenance income generation and long-term tenant stability. Sitting on a 9,840 sq. ft. lot, this well-maintained property delivers $2,250/month in rental income (approx. $27,000 annually), with both units on month-to-month leases at current market rates. The bottom unit is $975 and the top unit $1,275. The pro forma gross rent multiplier (GRM) under 10 and potential 8–10% cap rate make this a standout opportunity for investors seeking cash flow with equity growth potential. Recent comparable sales in the immediate area have reached up to $233,500–$250,000 for smaller or single-unit properties, highlighting the under appreciated potential of this two-unit income producer. Given its multi-family zoning (RMED) and stable rental demand, future appreciation and rent increases are highly likely as Hagerstown continues to attract Washington, D.C., and Baltimore-area commuters seeking affordability. Additional highlights include: • Separate meters and entrances per unit • Off-street parking and covered porches • Vinyl siding, updated kitchens and baths, and efficient electric baseboard heating • Strong tenant history with below-market rents, allowing room for immediate rent growth • Low vacancy area with balanced supply/demand and 3–6 month average marketing time Whether you’re looking to expand your portfolio or secure a dual-income property with owner-occupancy potential, 115 East Ave represents a high-yield, undervalued asset poised for appreciation beyond $300,000 with strategic improvements or refinancing leverage.
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, providing immediate income, while the lower unit is posted for rent at $1,100/month and in the process of being filled. 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! THIS PROPERTY IS ALSO LISTED FOR RENT AND FOR SALE.
Welcome Home to 34 High Street! Live in one side , rent out the other! This income producing property is leased and occupied on 36 High , vacant on 34 High. The leased unit is rented month-to-month for $775/month (below-market rent) , and the tenant pays all utilities. This property would be a great candidate for those looking to utilize the "BRRR" Method. Both properties are hooked up to underground Columbia gas. These units are also listed separately for individual purchase. The properties are subdivided, on 2 separate tax ID's. This one won't last long, call today for your private tour!
Fully occupied and professionally managed, this solid all-brick triplex is an excellent investment opportunity in Hagerstown. Perfect for a first-time investor or as a strong addition to an existing portfolio, the property features three two-bedroom, one-bath units with private parking. Each unit is served by baseboard heating and has its own separate electric service. Conveniently located close to all amenities, the building generates $3,175 per month in rental income. Simply take it over and continue collecting steady cash flow.
Turnkey Triplex Investment Opportunity This fully occupied and professionally managed triplex delivers consistent rental income with minimal owner involvement. Three separately metered units: one 1-bed/1-bath and two 2-bed/1-bath apartments Tenants pay their own electric, reducing owner expenses Lead certificates and active rental license in place for a smooth transfer Private rear parking with dedicated spaces for residents Can qualify for FHA financing, making it accessible to both investors and owner-occupants A strong cash-flowing property with reliable tenant history, this asset is ideal for investors seeking steady returns and low-maintenance management. 48 hr notice to schedule showings
Welcome home to 831 Oak Hill Avenue. This impressive 1910 all brick home on gorgeous tree lined Oak Hill Avenue offers 3,750 square feet of finished living space. Converted to two separate units in 1980, this home offers multiple options: multigenerational living, private quarters for staff, caretakers or frequent out of town guests, rental unit (with private entrance and separate utilities), Airbnb, home based business or easily convert back to a single family home. Inviting front porch leads to main level entrance. Front porch masonry updated 2022. The main level includes vestibule, oversized living room with wood burning fireplace (chimney cleaned 2022), large dining room, 2024 “Wish” kitchen with granite countertops, tile backsplash and luxury vinyl plank flooring, three bedrooms, two full baths (main bath was fully renovated in 2017), laundry room with bay window window seat, spiral utility staircase to upper unit rear entrance, sunroom has window insert offering cooling and heating for year-round use, basement access, sliding glass door to deck and recently renovated patio for outdoor entertaining where mature trees provide privacy and shade. Central air, original hardwood floors, freshly painted interior, soaring ceilings, arched doorways, transom windows, gorgeous woodwork, built in benches… All the character and charm an older home has to offer. Prestigious historic district designation. The second level includes vestibule entry with built in benches, another oversized living room, another large dining room, breakfast nook, full kitchen, two nice sized bedrooms, fully renovated bath, laundry porch which leads to roof top deck. Electric baseboard heat and window air conditioners keep this level comfortable year-round. The potential of the massive unfinished walk-up attic just adds to the list of possibilities for this magnificent home. Alley access to TWO separate garages with new / newer garage doors provide additional storage and secure off-street parking for 3 vehicles. They simply don’t build them like this anymore.
Terrific, updated duplex with plenty of living space in two separate units, 6 bedrooms, 3 full baths total on a large, level lot with nice backyard! Tenants pay for all utilities. Both units have been updated, with the 3-bedroom, 2 full bath unit boasting all new neutral paint, nice gleaming hardwoods, new carpet, and newer appliances. The 3-bedroom,1 full bath unit features LVP flooring, white on white kitchen with white shaker cabinets and white appliances, and an updated bath with a granite topped vanity. Lots of options here, live in one rent out the other or rent both for great positive cash flow! 1 unit is currently occupied. Fantastic location, in booming Hagerstown (new 100M+growth yearly!) just minutes to major routes, schools, loads of shopping and dining choices, parks, and more! One owner is a licensed agent.
Two amazing homes in one! There are so many possibilities: live in the main house and rent the apartment above the garage, make a residence for the in-laws or the busy college students, or use as a private home office or art studio. The brick rancher has a lovely living room with wood burning fireplace, and a large kitchen with granite countertops and all new appliances. Separate dining room. Two large bedrooms on the main level and a full bathroom with tub/shower combination. The second floor has two bedrooms, a full bathroom, and a second kitchen. Freshly painted and new carpet throughout. The full, unfinished basement is nice and bright with washer and dryer hook up, a wash sink, and an outside back entrance with stairs. Plenty of space for storage. The apartment features two bedrooms, one full bathroom with tub/shower combination, hardwood floors, spacious living room and equipped kitchen. The apartment has its own private back and side entranceway. For convenience, there are connecting common area sitting rooms on each floor, enabling an easy walk through from the main house to the apartment. The huge, oversized two car garage has new automatic garage doors and plenty of room for the car mechanic enthusiast. Metal roof is less than three years old. Newer windows throughout. The large, level back yard backs to trees. Ideal commuter location within just minutes to I-70 and I-81, the PA and WV state lines. Close proximity to schools, shopping, and restaurants. Don't miss your opportunity. Schedule your showing today!
2 Unit Cape Cod. Upper lever is 2 bed/1 bath, lower level is 3 bed/1 bath. Both currently rented. Could easily be reverted back to single family! Location is perfect, directly across from Northern Middle School in Hagerstown's north end!
Reduced! Great opportunity for investment or live in one unit and continue renting the other. Large offstreet parking could possibly add garage in the future. 3 bedroom unit is vacant ready for your tenant and easy to show. 1 bedroom unit is rented to a long term tenant on Mo-Mo lease who is immaculate, need 24 hrs notice to show. Call me for more info.
4-Unit Apartment Building – Prime Investment Opportunity in Hagerstown SHOWINGS ONLY AVAILABLE ON SUNDAYS 1-3PM Located near all the action in downtown Hagerstown, this fully occupied 4-unit apartment building offers an exceptional opportunity for investors or owner-occupants. Each spacious unit features tall ceilings and generous square footage, making them highly desirable for tenants. Each unit has 2 bedrooms and 1 bath. One unit has an additional den. The property is consistently in demand, maintaining 100% occupancy, with great potential to increase rental income over time. The property includes a coin-operated laundry system that generates an additional $200 in monthly income. Parking is a breeze with ample space in the back, including two enclosed garages. The basement provides substantial storage space, adding to the property’s overall appeal. Recent updates, including a new water heater and a roof in excellent condition, make this a low-maintenance investment. With its strong cash flow, potential for rent growth, and unbeatable location, this property is a rare gem for anyone looking to expand their portfolio or enjoy the benefits of living in one unit while renting the others. Check out flyer for details and agents see notes. Contact us today to schedule a private tour and learn more about this incredible opportunity! AGENTS PLEASE SEE AGENT REMARKS AND DOCS FOR MORE INFO.
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.
