1,428 SqFt
1,428 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,428 sqft
Price per Sqft $525
MLS Listing ID MDWA2030646
Style Other
Abv Grd Liv Area 1,428
Year Built 1951
Annual Tax Amount $2,150
Tax Year 2024
Lot Size 10,000 Sqft
Acres 0.23
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
Location
State MD
County Washington
Zoning U
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Permanent
Above Ground Finished SqFt 1428
Sewer Shared Septic
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Greenbrier
Middle Schools Boonsboro
High Schools Boonsboro Sr
School District Washington County Public Schools
Others
Tax ID 2216009741
Ownership Fee Simple
SqFt Source 1428
Special Listing Condition Standard
