Twitter
Facebook
Email
|
This exceptional five-unit building presents an outstanding opportunity for investors, offering a blend of residential and commercial spaces in a prime location within the City of Hagerstown. The property consists of four residential units and one commercial space, with 80% of the building fully renovated and move-in ready"”an ideal asset for those looking to generate strong rental income with minimal upfront work. The commercial space is approximately 800 sq. ft., making it ideal for retail, office, or service-based businesses, with a projected rent of $1,000 per month. The residential units include a rear one-bedroom, one-bath unit projected at $900 per month, a one-bedroom, one-bath unit at 2 S Mulberry projected at $1,000 per month, a top-floor two-bedroom, one-bath unit with a projected rent of $1,250 per month, and a bottom-floor two-bedroom, one-bath unit projected at $1,150 per month. With a potential gross rental income exceeding $5,300 per month, this property is a prime income-producing asset in a growing market. The recent renovations have modernized the majority of the units while maintaining the historic charm of the building. Positioned in a high-demand rental area, this property benefits from its central location with easy access to public transportation, shopping, dining, and major roadways. Whether you're an investor looking for a turn-key opportunity or seeking a mixed-use building with income-generating potential, this property delivers a strong return on investment in an expanding rental market.
| DAYS ON MARKET | 1 | LAST UPDATED | 2/24/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COUNTY | WASHINGTON |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | WASHINGTON COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Brick, Brick Veneer |
| HEAT | Baseboard, Natural Gas |
| LOT | 3049 sq ft |
| PARKING | On Street, Off Site, Driveway |
| SEWER | Public Sewer |
| TAXES | 4373 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Long & Foster Real Estate, Inc.
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.