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246 N LOCUST ST N Hagerstown, MD 21740
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,523 sqft
Price per Sqft $105
Subdivision Downtown Hagerstown
MLS Listing ID MDWA2027602
Style Other
Abv Grd Liv Area 4,523
Originating Board BRIGHT
Year Built 1914
Annual Tax Amount $4,553
Tax Year 2024
Lot Size 3,280 Sqft
Acres 0.08
Property Sub-Type Other
Property Description
Exceptional investment opportunity in the rapidly growing Hagerstown market! This fully occupied, lead-free 5-unit multifamily property spans 3,280 sq ft and features five one-bedroom, one-bath units with a strong rental history. HUGE VALUE-ADD POTENTIAL — Current rents are below market, offering immediate upside through rent increases to align with market rates! The building is in fantastic condition with recent upgrades already completed—no additional expenses required. VERY LOW EXPENSES keep operating costs down and maximize profitability. Each unit has separate utilities, and a shared laundry room provides additional income potential.
With stable tenants, very low expenses, and steady cash flow, this property offers a reliable and high-upside investment. The seller is also offering a duplex in Hagerstown, which can be purchased individually or as part of a package for even greater returns.
Don't Miss Out! Schedule a tour today and secure your place in one of Hagerstown's fastest-growing markets!
Location
State MD
County Washington
Zoning RMED
Interior
Interior Features Combination Kitchen/Dining
Hot Water Electric
Heating Baseboard - Electric
Cooling Ceiling Fan(s)
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2222012894
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
