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SOLD · Closed August 23, 2024 for $1,900,000 · Buyer and seller represented

A 23-unit mixed-use portfolio across four Hagerstown parcels

Roberto Gonzalez and RG Realty Inc. represented both the buyer and seller in the $1.9 million sale of a four-property portfolio along Frederick Street and West Baltimore Street in Hagerstown, Maryland. The transaction combined residential rentals with storefront, office, warehouse and restaurant space.

Completed sale at a glance

Closing date: August 23, 2024
Total closing price: $1,900,000
Portfolio size: 23 units across four parcels
Representation: Buyer and seller represented by RG Realty Inc.

Four properties in one transaction

235–237–239 West Baltimore Street, Hagerstown, MD 21740
792–798 Frederick Street, Hagerstown, MD 21740
806 Frederick Street, Hagerstown, MD 21740
812 Frederick Street, Hagerstown, MD 21740

Portfolio composition

Apartment, storefront and cottage component — 15 units: Eleven apartments, one commercial storefront and three detached cottages, with supporting storage, a rear garage and private parking.
West Baltimore Street townhouses — 3 units: Three brick townhouses added a separate residential component.
Flex-property component — 4 units: Two warehouse spaces, office space and a one-bedroom apartment. Marketing materials described approximately 3,250 and 1,500 square feet of warehouse space and 1,100 square feet of office space.
Restaurant component — 1 unit: A partially equipped drive-thru restaurant with two drive-thru windows, walk-up service, outdoor seating, a pylon sign and dry storage.

Total: 15 + 3 + 4 + 1 = 23 units. The unit count includes both residential and commercial spaces.

What this transaction illustrates

A mixed-use portfolio requires attention to each property’s income and operating structure. Apartments, townhouses, commercial leases and restaurant space have different maintenance needs, lease terms and tenant responsibilities. Evaluating the components separately helps a buyer understand how each contributes to the whole portfolio.

This completed transaction demonstrates RG Realty’s experience with purchases and sales that span multiple parcels and property types. Historical marketing identified potential for operational improvements and rent adjustments; those opportunities were projections, not guaranteed results.

This is a record of a completed sale, not a current offering. Property features reflect the information supplied for the historical transaction.