Hagerstown Real Estate Search

Hagerstown Multi-Family Properties for Sale

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Newest Hagerstown Multi-Family Homes for Sale

$325,000
ACTIVE Status
Prime historic downtown Hagerstown investment opportunity! This impressive all brick property offers approximately 5,000 square feet of living space and features three total units, a fully fenced backyard, and plenty of off street parking in the back. Major improvements have already been completed, providing valuable peace of mind. Extensive electrical work was completed in 2021, including replacement of wiring, outlets, switches, and light fixtures, along with the installation of baseboard heaters. The rubber roof is approximately 15 years old. A comprehensive plumbing project was completed in 2025, including replacement of old waste and water lines, new PVC waste/vent piping, new PEX water piping, and an upgraded 3/4-inch main water line. Two units are currently vacant and may be shown anytime. The third unit is tenant occupied and requires 24-hour notice—no exceptions. 45 E Antietam Street features a spacious one bedroom, one full bathroom unit on the main level, plus a large three bedroom, one full bathroom unit spanning the second and third levels. 47 E Antietam Street offers five bedrooms, one full bathroom, one half bathroom, and laundry hookups. This unit is currently a renovation in progress, offering the opportunity to bring your own vision and maximize its potential. With its substantial size, recent major system upgrades, multiple units, and excellent downtown location, the possibilities are endless. Enjoy being within walking distance of the historic Maryland Theatre, fine dining, the library, local shopping, and all that downtown Hagerstown has to offer. Don’t miss this unique opportunity to own a substantial multi-unit property in the heart of historic downtown Hagerstown!

45-47 E Antietam St, Hagerstown

Listing courtesy of Mackintosh , Inc.. Contact: 3017901700
$600,000
ACTIVE Status
429-431 N Locust Street, a fully occupied, six-unit multifamily investment located in a well-established residential pocket just north of Downtown Hagerstown, Maryland. Built in 1918, this three-story brick building offers six spacious one-bedroom, one-bath units averaging approximately 942 square feet each notably larger than typical one-bedroom product in the market — with original character details throughout, including hardwood flooring, French pocket doors between principal rooms, bay windows, and radiator heat. The property is 100% leased to long-tenured residents, producing $64,980 in current annualized gross rent ($5,415/month). In-place rents average $902 per unit, roughly 10.8% below the current Hagerstown, MD average asking rent of $1,000 for a one-bedroom apartment, creating built-in upside for an incoming owner. Three of the six leases roll within the next twelve months (Units 2N, 3N, and 431), offering a near-term, low-friction opportunity to reposition rents toward market as tenancies turn. Offered at $600,000 ($100,000 per unit), the asking price reflects a 4.9% pro forma cap rate on stabilized Year 1 operations at current in-place rents, with upside to a 5.9% cap rate once turnover units are re-leased at the current market average. The roof was replaced in 2021, and the property is professionally managed by Tristate Property Management, LLC, which also manages two neighboring RG Realty-listed properties on the same block (400 N Potomac St and 424-426 N Locust St) — presenting a buyer the opportunity to assemble a coordinated multifamily position with shared management and maintenance efficiencies in the immediate submarket. Additional value-add potential exists through a utility sub-metering or ratio utility billback (RUBS) program, as ownership currently pays 100% of electric, gas, and water/sewer/trash costs directly. Ancillary income opportunities, including laundry and off-street parking (if available), have not yet been captured in current operations. Located within roughly one mile of Downtown Hagerstown Square, Meritus Medical Center, and Hagerstown Community College, the property offers easy access to I-81 and I-70, connecting to Baltimore, Washington D.C., and the broader Mid-Atlantic corridor. The surrounding submarket benefits from a diversified regional employer base spanning healthcare, logistics, financial services, and manufacturing, supporting steady long-term rental demand for well-located, workforce-housing product. This is a turnkey, cash-flowing multifamily asset with a clear, low-risk path to additional value through contractual lease rollover, mark-to-market rent repositioning, and operating efficiencies offered at a fair basis relative to gross rent for a buyer seeking a stabilized entry point into the Hagerstown multifamily market. Financial package, current rent roll, and showing instructions available upon request through the listing broker.

429 N Locust St, Hagerstown

Listing courtesy of RG Realty, Inc.. Contact:

$800,000
ACTIVE Status
400 North Potomac Street, together with 2 and 4 East North Avenue, is an 8 unit and space mixed use income property in the North End of Hagerstown, Maryland. The property consists of seven one bedroom, one-bathroom apartments and one ground floor commercial space, all under professional third-party management. It is 87.5% occupied, with 7 of 8 units and spaces leased. Current collected rent is $8,065 per month, or $96,780 annually. Scheduled rent, including Unit 2B at its listed rent of $1,150, is $9,215 per month, or $110,580 annually. Deposits held total $7,375. The building has been meaningfully improved. The roof has been recently replaced, and the property carries all new replacement windows throughout, the two largest capital items on a building of this vintage. A buyer steps into that work rather than budgeting for it. Underwriting reflects reported 2026 year to date results, annualized, plus owner paid real estate taxes of $14,313, insurance of $7,518, and a 7% management fee of $6,737. All in net operating income is approximately $53,261, a 6.66% capitalization rate at the $800,000 offering price. Interior access to occupied units is available only after ratification, during the feasibility and due diligence period. The vacant unit is available for showing at any time to qualified, prequalified buyers. Do not disturb tenants.

400 N Potomac St, Hagerstown

Listing courtesy of RG Realty, Inc.. Contact:

$379,900
ACTIVE Status
Excellent opportunity for investors or owner-occupants! This duplex features two spacious units, each offering 3 bedrooms and 1 full bathroom. One unit is vacant and ready for immediate occupancy, while the second unit is tenant-occupied, providing rental income from day one. The long-term tenant has occupied the property for approximately 16 years and currently pays $1,000 per month. Live in one unit while generating income from the other, or add this property to your investment portfolio. Don’t miss this great income-producing opportunity!

608 N Mulberry St, Hagerstown

Listing courtesy of Samson Properties. Contact: 3018828710
$375,000
ACTIVE Status
This is a fantastic opportunity to own a 4-unit investment property in a prime downtown Hagerstown location. Conveniently situated near shopping, restaurants, and the new Meritus Park baseball stadium, this property also offers easy access to major highways, making it ideal for commuters.The property features both on-street and off-street parking, providing added convenience for you and your tenants. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this is an opportunity you won't want to miss.Schedule your showing today and see the potential this investment property has to offer!

447-449 W Washington St, Hagerstown

Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty. Contact: (800) 383-3535
$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
$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
$210,000
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:

$199,900
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:

$285,000
ACTIVE Status
Financial fell through This duplex presents a fantastic opportunity for investors or owner-occupants alike. Each spacious unit (538 & 540) features 3 bedrooms and 1 full bathroom, offering strong rental income potential. Enjoy the convenience of ample street parking, along with additional off-street parking available at the rear of the property. Property is being sold as-is.

538 Summit Ave, Hagerstown

Listing courtesy of Weichert, REALTORS. 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
$419,900
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 (1) one bedroom unit and (1) two bedroom units. 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
$419,900
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 (1) one bedroom unit and (1) two bedroom unit. 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
$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:

$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 Samson Properties. Contact: 7033788810
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