24 Broadway, Hagerstown, MD 21740, USA

SOLD $639,000 - Apartment Building, Apartments, MultiFamily

MDWA2016984 1893 Year Built

Three-story building Investment property Located in the tranquil suburban North End of Hagerstown’s Historic District, this prestigious three-story, all-brick corner building offers a prime investment opportunity. In excellent condition and meticulously maintained, this property complies with all lead paint laws and code compliance standards in Hagerstown, including the regulations enforced by the Maryland Department of the Environment (MDE). With all lead inspections and certificates up to date, new owners can invest with confidence.

This Hagerstown Investment property features six oversized units, including four one-bedroom units, a spacious two-bedroom unit, and an efficiency apartment. Thoughtfully updated within the past five years, the well-designed interiors provide comfortable living spaces, all separately metered for electric and hot water.

Investors seeking to maximize returns will appreciate the current rents, which are considered low for the location, size, and condition of the units. There is potential for a new owner to raise rents without needing additional improvements, further enhancing this property’s appeal as a sound investment in the Hagerstown Historic District.

The Hagerstown real estate market is known for its diverse mix of properties, catering to a range of budgets and preferences. As part of the vibrant Western Maryland region, Hagerstown offers a blend of historic charm and modern convenience, with investment opportunities in both residential and commercial sectors. Real estate in Hagerstown often appeals to those looking for affordability without sacrificing amenities, as the city offers a variety of shopping, dining, and cultural experiences. The market has seen steady growth over recent years, and the ongoing development in the area suggests continued potential for both homebuyers and investors. Whether seeking suburban tranquility or downtown vibrancy, Hagerstown’s real estate market provides options for various lifestyles and investment goals.