Active
505 W Church St
Hagerstown MD, 21740
$675,000
$189.82 per sqft
Active
8 Beds
3,556 sqft
Residential
Built in 1905
Exceptional Investment Opportunity! Currently generating over $6,650 in monthly rental income with room to reach market rates, this fully-occupied, all-brick multi-family property near downtown Hagerstown is a solid asset for any portfolio. The building features six spacious units, approximately 700 sq ft each, with separate electric meters, making utilities tenant-responsible for simplified management. Constructed with a durable brick and masonry foundation and outfitted with new replacement windows for improved energy efficiency, generously-sized units designed to offer ample living space and privacy.
Situated in a thriving, mixed-use neighborhood, the property is surrounded by a blend of residential and commercial establishments, appealing to both local and out-of-town investors who are actively revitalizing similar buildings in the area.
Bonus Opportunity: Expand your investment with an additional six-unit property from the same seller, maximizing income potential in this high-demand area. Located at the entrance to Hagerstown's arts and entertainment district, this turnkey property promises strong rental appeal and secure, long-term returns. Don't miss this chance to acquire a low-maintenance, high-potential property in a prime location!
MDWA2025614
MLSⓇ ID
November 15, 2024
Listed
November 25, 2024
Updated
Map
505 W Church St
Hagerstown MD, 21740
Interior Features
Bedrooms
8
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Hot Water, Electric
Exterior/Building Features
Lot Size
0.05 Acres
Architectual Style
Colonial
Sewer
Public Sewer
School Information
School District
WASHINGTON COUNTY PUBLIC SCHOOLS
Other Property Details
Area Name
Hagerstown
Taxes
$4,710
Tax Frequency
Annually
Days on Market
11
Garage
No
Parking
Off Street
View
No
County
WASHINGTON
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/15/2024 | Active | — |
Listed by RG Realty, Inc.
Listing Contact: 3019910207
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Data last updated on 11/25/2024 at 2:42 PM UTC