Hagerstown Real Estate Search

Hagerstown Multi-Family Properties for Sale

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Newest Hagerstown Multi-Family Homes for Sale

$435,000
ACTIVE Status
Three separately deeded parcels being sold together create an outstanding investment opportunity with immediate cash flow and future development potential. The sale includes the fully renovated duplex at 117 & 119 Fairground Ave along with the adjoining buildable lot at 113 Fairground Ave for a combined purchase price of $435,000. The duplex is fully occupied and currently generates $3,480 per month ($41,760 annually) in gross rental income. Unit 117 rents for $1,800/month and features 3 bedrooms, 1 full bath, and 1 half bath. Unit 119 rents for $1,680/month and offers 3 bedrooms and 1 full bath. Annual real estate taxes for all three parcels total approximately $6,816. Both residences have been thoughtfully renovated while maintaining their classic charm. Improvements include refinished hardwood floors, fresh paint throughout, renovated kitchens with upgraded cabinetry and appliances, updated bathrooms, modern lighting, updated fixtures, and new electric central HVAC systems providing both heating and air conditioning in each unit. This is a significant advantage over many comparable rental properties in the area that still rely on older heating systems paired with window air conditioners. Each unit features spacious living and dining rooms, shared covered front and rear porches, separate basements, and access to a detached two-car garage located at the rear of the property. What truly sets this property apart is the separately deeded lot at 113 Fairground Ave. Situated directly beside the duplex, this flat RMED-zoned parcel offers outstanding future potential. The seller has confirmed with the City that the lot is suitable for construction of a new single-family residence, although a duplex is not permitted. Buyers should verify all development plans with the City of Hagerstown. If you choose not to build immediately, the additional lot offers endless possibilities including expanded parking, a large vegetable garden, outdoor recreation space, storage, or simply holding for future appreciation. Located in the heart of Hagerstown, the property provides convenient access to downtown restaurants and shopping, Hagerstown City Park, the Maryland Theatre, Hagerstown Premium Outlets, and I-70 and I-81 for easy commuting. Whether you're adding to your rental portfolio, completing a 1031 exchange, or looking for an investment with both dependable income and long-term upside, opportunities like this are hard to find. Enjoy immediate cash flow from two renovated, tenant-occupied units today while owning a separately deeded buildable lot that creates additional value for tomorrow.

113, 117, 119 Fairground Ave, Hagerstown

Listing courtesy of CENTURY 21 New Millennium. Contact: 3015198100
$319,900
ACTIVE Status
SEE VIDEO TOUR!!! Attention investors and cash-flow owner occupants. This turn-key duplex offers two nearly identical units with one currently tenant occupied and one currently owner occupied. Monthly rent on tenant occupied side is $1,300 with tenant paying all utilities. Total annual income potential of $31,200+ with owner occupied unit rented. OR, occupy one side and rent the other side. With 20% down and a 6.5% interest rate, 2/3rds of your mortgage payment is covered. Add this to your rental portfolio or start one with it! Recent updates include new maintenance-free composite deck flooring and railing as well as a recent roof (6 years old) and pergolas on each side provide a great backyard environment. High demand off-street parking with 3 spaces per side as well as fenced rear yards. Combine all of this with a great location and you may have just found your next investment property! 12 hour notice for showings due to tenants.

207-209 W Wilson Blvd, Hagerstown

Listing courtesy of Coldwell Banker Realty. Contact:

$350,000
ACTIVE Status
Excellent Investment Opportunity in Downtown Hagerstown! Don't miss this mixed-use investment property at 158 1/2–160 S. Potomac Street. Featuring three income-producing units—two residential apartments and one commercial storefront—this property offers excellent cash-flow potential. Ideally located just one block from Meritus Park, home of the Hagerstown Flying Boxcars, this property is positioned to benefit from the continued revitalization and growth of downtown Hagerstown. Tenants will enjoy convenient access to restaurants, shopping, entertainment, public transportation, and numerous local attractions. Whether you're looking to expand your investment portfolio or own a well-positioned mixed-use property in a thriving downtown district, this is a rare opportunity you won't want to miss.

160 S Potomac St, Hagerstown

Listing courtesy of EXP Realty, LLC. Contact: 8888607369
$650,000
ACTIVE Status
Prime Corner Location just behind the new Hagerstown SportsPlex/Field House! This exceptional mixed-use property offers outstanding investment potential with 3 income-producing residential apartments, 12 parking spaces, and 2 garages. The expansive first floor features 6 private office/exam rooms, 4 half bathrooms, and a kitchen. Previously operated as a daycare and, before that, as a medical office, this versatile space is ideal for a wide range of commercial uses, including professional offices, medical practices, educational facilities, and more. It may also offer the opportunity to be converted into additional residential units, subject to buyer verification and approval. Buyers are encouraged to perform their own due diligence with the City of Hagerstown regarding zoning, permitted uses, and redevelopment possibilities. The upper level consists of 3 residential apartments, providing immediate rental income and multiple revenue streams. The building is also equipped with a sprinkler system, adding value and flexibility for future use. Located in one of Hagerstown's fastest-growing commercial and entertainment districts, this corner property offers excellent visibility, easy access, and tremendous long-term appreciation potential. Whether you're an investor looking to expand your portfolio, an owner-occupant seeking business space with rental income, or a developer exploring future opportunities, this property delivers exceptional versatility and value. Don't miss this rare opportunity to own a high-income mixed-use property in one of Hagerstown's most desirable growth areas!

382 S Cleveland Ave, Hagerstown

Listing courtesy of EXP Realty, LLC. Contact: 8888607369
$220,000
ACTIVE Status
Turn Key Investment Opportunity. Upper and Lower Duplex fully occupied. This property has been professionally managed by Bowen Property Management. Both units are rented. Lower unit for $985 per month and upper for $875 per month with both tenants paying their electric. . Owner pays Water, Sewer, Trash., Landscaping and Snow Removal.

829 Concord St, Hagerstown

Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty. Contact: (800) 383-3535
$625,000
ACTIVE Status
FULLY RENTED FIVE (5) UNIT! Covered front porch, off street parking, 1 Block from beauitful City Park with walking trails, multiple ponds and playgrounds. Call for details and to schedule a tour!

601 Highland Way, Hagerstown

Listing courtesy of Real Estate Innovations. Contact:

$574,900
ACTIVE Status
Great Location! Walking distance to the Beautiful Hagerstown City Park! FIVE (5) Units fully Rented! New Rear steps being installed now. 9% CAP RATE, same owner for years. All leases are yearly except one is month to month. Call for more details and to schedule a tour!

671 Highland Way, Hagerstown

Listing courtesy of Real Estate Innovations. Contact:

$329,900
ACTIVE Status
Unlock an exceptional investment opportunity with this fully occupied, single-story, four-unit apartment building. Exceeding the coveted 1% rule in the buyer's favor, this property offers a rare combination of consistent cash flow and strong market fundamentals. The owner is motivated to sell as they look to reallocate their equity into a new project, presenting a prime window for investors to acquire this turn-key asset. Each of the four units is currently leased, providing immediate income upon closing with a total monthly rent of $3,325 and staggered lease expirations through March 2027 to ensure stability. The building is fully compliant, featuring a current city rental license and lead-free certification for all units. Operational efficiency is maximized with separate electric meters for each tenant, while the owner provides water, sewer, and trash services. Recent capital improvements include updated replacement windows and reliable electric baseboard heating. Conveniently located with easy access to major interstates and shopping centers, the property features a dedicated off-street parking lot for four vehicles, along with side and rear alley access. This asset is currently professionally managed by Gold Coast Real Estate Group, and the owner highly recommends their services should the new owner wish to continue professional management. Detailed income and expense documentation is available to confirm that the numbers truly make sense. Reach out today to schedule your viewing and secure this rare investment gem. Please note that a 24-hour notice is required for all showings. Photos courtesy of Gold Coast Real Estate Group.

817 & 819 Dale St, Hagerstown

Listing courtesy of Pearson Smith Realty, LLC. Contact: listinginquires@pearsonsmithrealty.com
$220,000
ACTIVE Status
Calling all investors or savvy owner occupants! Over-under duplex available in Hagerstown for approachable price point. Lower level unit is currently rented for $1,000 per month(month to month lease with 20 year tenant) and the upper unit is vacant(formerly $1,000 per month) and ready for owner occupancy or future tenant. This well-maintained duplex on Salem Ave in Hagerstown offers a fantastic opportunity to add a turnkey income property to your portfolio. Each unit features 1 bedroom and 1 full bath, making it ideal for tenants seeking low-maintenance living. Major exterior upgrades have already been taken care of, with both the flat roof and shingle roof, along with all gutters, replaced in 2025, giving the new owner peace of mind for years to come. The driveway offers parking for up to four vehicles, a major bonus for tenants and a key feature for maximizing rental appeal. Conveniently located close to shopping, restaurants, and Hagerstown's entertainment district, with easy access to Route 81 and Route 70 for commuters. Whether you're looking to expand your rental portfolio or house-hack with one unit while renting the other, this property is full of potential. Don't miss this opportunity!

630 Salem Ave, Hagerstown

Listing courtesy of Keller Williams Realty Centre. Contact:

$279,000
ACTIVE Status
Fully occupied 3-unit multifamily investment opportunity in Hagerstown at an affordable price point. 106 Randolph Avenue features three 1-bedroom, 1-bathroom apartments, all currently rented and producing stable in-place income. The simple unit mix makes the property easy to rent and manage, with strong demand for affordable 1-bedroom units. Current rents are below market, creating a clear value-add opportunity for a new owner to increase cash flow over time as leases renew and rents are adjusted toward market levels. All units have passed lead paint testing, and rental licensing documentation is in place. Ideal for investors seeking immediate income, long-term upside, and room to improve overall returns through rent growth. 24 Hrs. Notice

106 Randolph Ave, Hagerstown

Listing courtesy of RG Realty, Inc.. Contact:

$284,900
ACTIVE Status
Excellent investment opportunity in a prime location with strong rental history and upside potential. This fully rented up-and-down duplex features two 2-bedroom, 1-bath units with separate electric meters and a detached 2-car garage. Unit 904 currently rents for $950/month, while Unit 906 is below market at $800/month, offering immediate value-add potential for increased cash flow. Property improvements include replacement windows and an upgraded 200-amp electrical panel. A solid addition to any investment portfolio with stable income and future growth opportunity. 2025 YE and 2026 YTD P&L is uploaded in Bright.

904 - 906 Chestnut St, Hagerstown

Listing courtesy of The Glocker Group Realty Results. Contact:

$649,000
ACTIVE Status
ATTENTION INVESTORS! 5 UNIT APARTMENT BUILDING OVERLOOKING THE NEW $95MM MERITUS BASEBALL PARK, AMPLE PARKING IN REAR FOR TENANTS, SHED FOR MAINTENANCE STORAGE. BRICK, COMMON NATURAL GAS HEAT AND WATER/SEWER. CALL FOR DETAILS AND TO SCHEDULE A TOUR, LISTING AGENT WILL ACCOMPANY.

165 Summit Ave, Hagerstown

Listing courtesy of Real Estate Innovations. Contact:

$284,990
ACTIVE Status
**INCOME GENERATING!** Perfect opportunity to own a strong cash-flowing duplex in a convenient and highly accessible location in Hagerstown. This well-maintained 2-unit property is currently occupied by two long-term tenants, generating a combined monthly rental income of $2,575, making it an excellent opportunity for both seasoned investors and those looking to begin or expand their real estate portfolio. The property offers a functional layout with solid rental history and consistent occupancy potential. Outside, you’ll find valuable amenities including off-street parking, a spacious backyard, and a rear deck that adds additional outdoor living space for tenants to enjoy. Conveniently situated near major commuter routes, shopping centers, restaurants, and everyday conveniences, this location continues to see strong rental demand. Whether you are looking for immediate cash flow, long-term appreciation potential, or an addition to your investment portfolio, this duplex presents a compelling opportunity in a growing market.

422 N Locust St, Hagerstown

Listing courtesy of Long & Foster Real Estate, Inc.. Contact:

$359,900
ACTIVE Status
Turnkey Renovated Duplex – Ideal for Owner-Occupants or investors! Hagerstown is growing and rentals are in demand, businesses, restaurants, multiple mega warehouses, new multi million dollar baseball stadium, and more! This fully updated 2-unit property features two spacious units, each offering 3 bedrooms and 1 full bathroom. Extensive renovations include brand-new kitchens and bathrooms, luxury vinyl flooring, stainless appliances, fresh paint, and private rear decks. Fenced in backyards. Unit 137 features the added benefit of a private parking space. With separate electric meters, tenants pay their own utilities, keeping overhead low. Perfectly situated near local shopping, dining, and major commuter routes (I-70/I-81). Live in one side and let the other pay your mortgage, or add a high-performing asset to your portfolio.

135 Fairground Ave, Hagerstown

Listing courtesy of Real Estate Today. Contact:

$384,900
ACTIVE Status
Investment Opportunity – Fully Occupied 3-Unit Brick Property Across from Hagerstown City Park Seize the opportunity to own a fully tenant-occupied, all-brick triplex ideally situated directly across from the scenic Hagerstown City Park. This well-maintained property offers a rare combination of location, stability, and long-term upside in one of Hagerstown’s most desirable areas. Each unit features spacious, light-filled rooms, hardwood flooring, and strong rental appeal. The first-floor unit includes a charming fireplace, while tenants enjoy access to a large front porch with picturesque park views. Additional highlights include a private rear porch, garden-style tub, and convenient off-street parking with rear alley access. Tenants are responsible for their own heating and utilities, helping to maximize investor returns. The property has recently been updated to meet current city code standards, providing peace of mind for the next owner. Located just three blocks from the new multi-sports stadium currently under construction, this property is positioned to benefit from continued growth and revitalization in the surrounding area. Whether you're expanding your portfolio or seeking a solid, income-producing asset in a prime location, this property offers exceptional potential. Seller is open to all reasonable offers.

428 Virginia Ave, Hagerstown

Listing courtesy of Samson Properties. Contact: 7033788810
$434,900
ACTIVE Status
This charming Colonial duplex is in a convenient location in Hagerstown and is well maintained. Both sides (836 & 838) are being sold together. Side 838 has (2) one bedroom units that share heat and a laundry. Side 838 has (1) three bedroom unit. Both sides have separate gas meters and each unit has its own electric meter. All units are fully rented.

838 Hamilton Blvd, Hagerstown

Listing courtesy of Mackintosh , Inc.. Contact: 3017901700
$434,900
ACTIVE Status
This charming Colonial duplex is in a convenient location in Hagerstown and is well maintained. Both sides (836 & 838) are being sold together. Side 838 has (2) one bedroom units that share heat and a laundry. Side 838 has (1) three bedroom unit. Both sides have separate gas meters and each unit has its own electric meter. All units are fully rented.

836 Hamilton Blvd, Hagerstown

Listing courtesy of Mackintosh , Inc.. Contact: 3017901700
$275,000
ACTIVE Status
OWNER FINANCING AVAILABLE TO QUALIFIED BUYERS- 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 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.

228 E Washington St, Hagerstown

Listing courtesy of RG Realty, Inc.. Contact:

$149,900
ACTIVE Status
Welcome to 36 High Street! This conveniently located Hagerstown property is either your next affordable home, OR investment property! Monthly Rent is $775, with room to increase. Tenant pays all utilities. Lease is month-to-month. The home has lower than average taxes for this area, furthermore increasing its affordability! The property features a sealed metal roof, a recently replaced 2 year old furnace, all new replacement windows, and much more! The property features 2 full bathrooms, adding logistical value to the home. Don't wait, schedule your private tour TODAY!

36 High St, Hagerstown

Listing courtesy of The Glocker Group Realty Results. Contact:

$250,000
ACTIVE Status
**Charming Multi-Family Investment Opportunity** Discover the potential of this multi-family property located at 422 and 422 1/2 McDowell Avenue in Hagerstown, MD. This property has two-units, each unit boasts 3 bedrooms and 1 bathroom. While the property requires renovations, it presents a fantastic opportunity for investors or homeowners looking to customize their space. Don’t miss out on this opportunity to make your mark in Hagerstown!

422 Mcdowell Ave, Hagerstown

Listing courtesy of Marsh Realty. Contact:

$329,900
ACTIVE Status
Fully Rented Triplex | $3,175 Monthly Income | Hagerstown Solid brick three-unit property located at 616 W Franklin Street, delivering immediate and stable cash flow. The asset is fully occupied and generates $3,175 per month in gross rental income, totaling $38,100 annually. The property consists of three 2-bedroom, 1-bath units, each with private parking. All units are separately metered for electric and feature baseboard heating, keeping utility costs with the tenants and providing a clean, predictable expense structure. This is a true plug-and-play investment. Take over and continue collecting consistent income from day one. The building offers durable construction, functional layouts, and strong long-term rental demand in an established Hagerstown location, just minutes from I-70, I-81, and downtown amenities. Stabilized multifamily assets with separate utilities and reliable income streams continue to perform well in Washington County. Whether you are expanding your portfolio or entering the multifamily space, this is a straightforward, income-producing property with proven performance.

616 W Franklin St, Hagerstown

Listing courtesy of RG Realty, Inc.. Contact:

$224,995
ACTIVE Status
Investor opportunity with immediate income and upside potential. Fully occupied duplex currently generating $2,253/month in rental income, with utility reimbursement averaging approximately $350/month to help offset operating expenses. Tenants are responsible for utilities. Offering 2,112 finished square feet on a 0.07 acre lot in an area with consistent rental demand and convenient access to shopping, dining, commuter routes, and downtown Hagerstown amenities. Strong opportunity for investors seeking an income producing multifamily property with long term potential. Buyer to verify all rental licensing, lead certification requirements, income, expenses, and use.

141 S Mulberry St, Hagerstown

Listing courtesy of Keller Williams Realty Advantage. Contact: 3049014886
$239,999
ACTIVE Status
Don’t miss this investment opportunity at 701 West Washington Street! This two-unit property with separate electric meters is ready to generate rental income. Each unit features 2 bedrooms and 1 full bathroom. The upper unit is currently rented for $1,250/month, while the lower unit is rented for $1,100/month. This property provides immediate cashflow. The main level boasts a bright living room, cozy dining room, and a fully functional kitchen. The upper level offers a second unit with privacy and flexibility. The detached one-car garage, alley access, and rear parking add convenience. Sold as-is and move-in ready, this property is a fantastic opportunity to own an income-generating gem in downtown Hagerstown!

701 W Washington St, Hagerstown

Listing courtesy of L. P. Calomeris Realty. Contact:

$675,000
ACTIVE Status
NO CITY TAXES – LEAD FREE- Rare Multi-Unit Investment Opportunity This FHA-eligible 4-unit property in Hagerstown is a rare chance to acquire three adjoining parcels deeded together, totaling nearly 1 acre (≈40,000 sq ft). The property includes four residential rental units plus a large 2-bay garage for added income potential, all with no city taxes. The layout features two detached single-family homes, each with 4 bedrooms and 2 baths, and a larger brick building containing two fully renovated 1-bedroom, 1-bath apartments. All structures are solid brick and block construction, built to last. The one-bedroom units were gutted and rebuilt with all new LVP flooring, drywall, doors, windows, fixtures, kitchens, and baths. Recent capital improvements across the property include new roofs, gutters, replacement windows, and updated plumbing and electrical systems. The nearly acre-sized footprint offers plenty of off-street parking and a convenient location near shopping, schools, restaurants, and commuter routes. This lead-free property is safer, easier to insure, and highly attractive to tenants. It is also FHA-eligible, making it perfect for an owner-occupant who can purchase with as little as 3.5% down. Live in one unit while rental income from the other three units plus the garage helps cover your mortgage. Whether you are a first-time buyer or an experienced investor, this property offers strong returns, long-term value, and flexibility rarely found in Washington County. With its combination of condition, income potential, multiple parcels, and no city taxes, this is truly a one-of-a-kind investment opportunity in the heart of Hagerstown.

9947 Crossfield Rd, Hagerstown

Listing courtesy of RG Realty, Inc.. Contact:

$389,900
ACTIVE Status
POSSIBILITY OF 6 UNITS! Welcome to 601-603 North Mulberry Street, a 4 -unit residential investment. The property features 4, individually metered 1-bedroom apartments, with 2 separate entrances for each unit(8 total entrances). There are 2 additional attic units on each side that could be renovated into 2 additional efficiency or studio units! These additional attic units already have separate entrances, and the owner claims that a city inspector has said that these 2 units could be turned into additional residential space. The property is deeded as 2 separate parcels (601-603). The owner is willing to sell separately, but prefers to sell together as one portfolio. The properties will need some amount of renovation, with unit 603 needing more than cosmetic improvements. Call agent for estimated financials and rental estimates, or to schedule a private showing.

601-603 N Mulberry St, Hagerstown

Listing courtesy of The Glocker Group Realty Results. Contact:

$525,000
ACTIVE Status
Fantastic Investment Opportunity – Fully Rented 5-Unit Turnkey Building This well-maintained 5-unit property is a turnkey investment, fully rented with reliable long-term tenants. Current rents are significantly below market, offering excellent value-add potential through rent increases to market rates. The building features four 1-bedroom units and one 2-bedroom unit with an additional office/den. Off-street parking is available at the rear of the property. Unit Breakdown: Unit 16 (First Floor): Living room, dining room, kitchen, bedroom, and bathroom Unit 16 (Second Floor): Living room, dining room, kitchen, bedroom, bathroom, and office/den Unit 16 ½: Main level includes living room and kitchen; second level has bedroom and bathroom Unit 18 (First Floor): Living room, kitchen, bedroom, and bathroom Unit 18 (Second Floor): Living room, kitchen, bedroom, and bathroom (currently rented) With strong occupancy, room to grow income, and minimal upkeep needed, this is a great opportunity for both new and seasoned investors.

16 S Mulberry St, Hagerstown

Listing courtesy of RG Realty, Inc.. Contact:

$445,000
ACTIVE Status
INVESTORS SPECIAL! Nice four unit building available in downtown Hagerstown! The building has two sides each with a 1/1 bath unit and a 2/1 bath unit! Well-maintained!! Off-Street parking!

25 S Locust St, Hagerstown

Listing courtesy of Keller Williams Realty. Contact: (703) 679-1700
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