201-203 E Washington St - Apartments FOR SALE


Hagerstown, MD 21740- Elizabethtown East
$450,000 USD
301-514-7411
201-203 E Washington St, Hagerstown, MD for Sale
$450,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

201-203 E Washington St
Hagerstown, MD 21740
Elizabethtown East


OVERVIEW

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 twobedroom, 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 turnkey opportunity or seeking a mixed-use building with income-generating potential, this property delivers a strong return on investment in an expanding rental market.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

5

PRICE/UNIT

$90,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,903 SF

ZONING

NEC

APN/PARCEL ID

17-003070

ASK ABOUT THIS PROPERTY

Tyler CharlesLong & Foster Real Estate, Inc.More Info
301-514-7411

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Tyler CharlesLong & Foster Real Estate, Inc.More Info
301-514-7411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.