16 S Mulberry Street

This five-unit multifamily investment at 16 S Mulberry Street, Hagerstown, offers a fully rented building with long-term tenants. The asking price is $525,000, and off-street parking is available at the rear.

The property is well maintained and offers an existing rental income stream. In addition, the listing identifies below-market rents as a potential opportunity for future income growth.

Five-Unit Multifamily Investment Highlights

• Five fully rented apartments
• Long-term tenants in place
• Rear off-street parking
• Listed building area: 4,316 square feet
• Lot size: 0.17 acres
• Asking price: $525,000

Apartment Mix and Layouts

The listed unit mix includes four one-bedroom apartments and one two-bedroom apartment with an additional office or den.

The property includes first- and second-floor apartments at Units 16 and 18, plus Unit 16½. The first-floor Unit 16 includes separate living and dining rooms. Meanwhile, the second-floor Unit 16 also includes an office or den.

Unit 16½ has a living room and kitchen on its main level, with a bedroom and bathroom upstairs. The first- and second-floor apartments at Unit 18 each include a living room, kitchen, bedroom, and bathroom.

Rental Income Potential

Current rents are described as below market, creating a potential path to higher rental income over time. Buyers can compare the current rent roll with local rental listings when evaluating that opportunity.

Any future rent changes will depend on lease terms and applicable requirements. Review the income, operating expenses, and lease schedule to assess how the property fits your investment goals.

Request Details or Arrange a Showing

Contact Roberto Gonzalez for more information about this five-unit multifamily investment. Ask for the current rent roll, apartment layouts, and showing availability.

You can also discuss the rear parking arrangements and property condition during your review. These details will help you evaluate both the existing rental operation and its potential.

© 2026 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of RG Realty, Inc.. Data last updated on Monday, October 5th, 2026 04:16:29 PM.