246 N Locust Street N

HAGERSTOWN, MD 21740

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,523 Sqft
  • 3280
    Sqft(Lot)
$475,000

Description

Priced to sell! incredible value-add opportunity!
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!

  • Property Type

    Multi-Family

  • Subdivision

    Downtown Hagerstown

  • County

    WASHINGTON

  • Style

    Other

  • AD ID

    48993905

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Combination Kitchen/Dining

    Heating & Cooling

    • Cooling: Ceiling Fan(s)
    • Heating: Baseboard - Electric
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1914
    • Structure: Other
    • New Construction: No
    • Total Units: 4
    • Built: 1914
    • Construction Material: Brick
    • Architecture: Other
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 3,280
    • Lot Size (Acres): 0.08
    • Architectural Style: Other
    • Main Square Feet: 3,280

    Property Information

    • SQ ft: 4,523
    • SQ ft (Living Area): 4,523
    • Total Lot SQ ft: 3,280
    • Subdivision: DOWNTOWN HAGERSTOWN
    • Total Acreage: 0.08
    • New Construction: No
    • Type: Other

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $4,553
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $237,500

  • Parking Information

    • Parking Features: Free
    • Parking Type: On Street

    Homeowners Association Information

    • Direction: GPS

  • School Information

    • School District: WASHINGTON COUNTY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: GPS
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BuyOwner last updated this listing 04/03/2025 @ 02:22

  • MLS: MDWA2027602
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 4,523 sqft, 3,280 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of HAGERSTOWN , in zip code 21740, this WASHINGTON County Other , it is in the DOWNTOWN HAGERSTOWN Subdivision, are nearby neighborhoods.