228 E Washington St, Hagerstown Md 21740

Value-add opportunity with a recently remodeled duplex.

Well-maintained solid brick over-under duplex offering flexibility for both owner occupants and investors. The lower unit is currently designated for commercial use and is fully equipped with a kitchen and full bathroom, making it ideal for a small Hagerstown business or flexible mixed-use setup. An owner can live in the upper unit while operating a business below, creating a practical live and work opportunity. Due to the commercial component, FHA financing is not eligible.

The property also presents the potential, subject to approvals, to convert the lower level to full residential use, further expanding its income potential. The upper unit offers a spacious three-bedroom, one-bath layout with several updates, including a remodeled bathroom and updated flooring throughout. The property has been well maintained and includes major improvements such as a roof replaced in 2019, a new heat pump installed in June 2025, and a new hot water heater in 2025.

A large, privacy fenced yard adds to the overall appeal. Centrally located with excellent accessibility, this property provides multiple strategies, whether for owner occupancy, rental income, or mixed-use, with strong long-term upside.

Investment highlights

• Value-add opportunity with a remodeled duplex, one residential unit leased and a vacant commercial space ready for lease-up
• Immediate upside through leasing of the commercial unit, increasing overall income and value
• Stabilized residential unit providing consistent cash flow from day one
• Recent renovations reduce near-term capital expenditure and improve tenant appeal
• Flexible commercial space suitable for a variety of uses, expanding tenant pool

For additional information Call Roberto Gonzalez