505 W CHURCH ST Active Save Request In-Person Tour Request Virtual Tour
Hagerstown,MD 21740
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,556 sqft
Price per Sqft $189
MLS Listing ID MDWA2025616
Originating Board BRIGHT
Year Built 1905
Annual Tax Amount $4,710
Tax Year 2024
Lot Size 2,200 Sqft
Acres 0.05
Property Description
Exceptional Investment Opportunity! Currently generating over $6,650 in monthly rental income with room to reach market rates, this fully-occupied, all-brick multi-family property near downtown Hagerstown is a solid asset for any portfolio. The building features six spacious units, approximately 700 sq ft each, with separate electric meters, making utilities tenant-responsible for simplified management. Constructed with a durable brick and masonry foundation and outfitted with new replacement windows for improved energy efficiency, generously-sized units designed to offer ample living space and privacy.
Situated in a thriving, mixed-use neighborhood, the property is surrounded by a blend of residential and commercial establishments, appealing to both local and out-of-town investors who are actively revitalizing similar buildings in the area.
Bonus Opportunity: Expand your investment with an additional six-unit property from the same seller, maximizing income potential in this high-demand area. Located at the entrance to Hagerstown’s arts and entertainment district, this turnkey property promises strong rental appeal and secure, long-term returns. Don’t miss this chance to acquire a low-maintenance, high-potential property in a prime location!
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Permanent,Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225025695
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard