SOLD $759,000 - Apartment Building, MultiFamily
Hagerstown seven unit apartment building positioned directly across from the new Multi Use Sports and Events Facility, fully occupied and professionally managed, offering stable cash flow and long term appreciation potential in a supply-constrained submarket.
This multifamily investment is licensed with the City of Hagerstown and current on lead certification. Recent improvements include a new roof in 2022 and upgraded electric service with new meters. The building features one studio of about five hundred square feet, two one bedroom apartments of about six hundred fifteen square feet each, and four two bedroom apartments of about eight hundred fifty square feet each, for a total of roughly five thousand one hundred thirty rentable square feet. A rear lot parks five vehicles, and a detached two car garage provides added income potential.
The property sits on a zero point thirty four acre lot directly across from the new Hagerstown Multi Use Sports and Events Facility and two blocks from Downtown. Hagerstown seven unit apartment building It is within walking distance of the Entertainment and Arts District, the Washington County Free Library, and City Park, and is served by the public bus line. With consistent occupancy, strong renter demand in this Hagerstown multifamily market, and limited new supply, this asset offers reliable cash flow today and sound upside over time.
If you are considering a sale of your own multifamily property in Hagerstown, I provide hands on representation grounded in local knowledge and proven results. I focus on multifamily and mixed use assets, prepare traditional marketing packages that speak to serious buyers, and negotiate with a steady approach that respects timelines and the way our market operates. Reach out to discuss valuation, positioning, and a tailored plan to bring your property to market with confidence.
For additional information, call Roberto Gonzalez
