Fantastic Opportunity to acquire 104-Unit Certified Lead-Free Garden Apartments that need work and have below-market rents. Update these units and increase rents 30% to 50% or more. Located in the more desirable north end of Hagerstown, the fastest growing city in Maryland at the intersection of I-70 and I-81. Nice mix of 1, 2, and 3 BR Apts and Townhouses. Structurally sound, new roof in 2004
Multi-familyProperty Type
1967Year Built
7.74 acresLot Size
$40Price/Sq.Ft.
Listed by Ben Frederick• Ben Frederick Realty, Inc.
•410-235-9500 (broker)
•info@benfrederick.com (broker)
Bought with Ben Frederick• Ben Frederick Realty, Inc.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
7.74 Acres
Year renovated
—
Sq. Ft.
105,764
Year built
1967
Style
Multi-Family (5+ Unit)
County
Washington County
APN
21 017930
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 19, 2026.
Property details
Parking
Parking Information
Free, Paved Driveway, Surface
Driveway
Interior
Interior Information
Appliances: Oven/Range - Electric, Refrigerator
Door Features: Sliding Glass
Wall & Ceiling Types: Dry Wall
Basement Information
Basement: No
Multi Unit Information
# of One Bedroom Units: 24
# of Two Bedroom Units: 57
# of Three Bedroom Units: 23
Vacancy Allowance Rate: 50.00
Gross Income: $878,676
Net Operating Income: $424,701
Operating Expense: $444,321
Exterior
Property Information
Accessibility Features: Other
Improvement Assessed Value: $3,935,400
Ownership Interest: Fee Simple
Property Condition: Fixer
Year Built Source: Estimated
Building Information
# of Units (Total): 104
Construction Materials: Brick
Foundation Details: Slab
Outdoor Living Structures: Balconies- Multiple
Roof: Asphalt
Exterior Information
Sidewalks
Lot Information
Lot Features: Backs to Trees, Backs - Open Common Area, Cul-de-sac, No Thru Street
Tidal Water: No
Land Information
Land Assessed Value: $1,548,400
Financial
Tax Information
City/Town Tax: $49,856.19
County Tax: $51,057.55
Tax Assessed Value: $5,483,800
Tax Year: 2015
Tax Annual Amount: $100,913.74
Assessments Information
Year Assessed: 2016
Lease Information
Lease Term: Negotiable
Utilities
Utilities Information
Central Air
Cooling Type: Central A/C
Cooling Fuel: Electric
Baseboard
Heating Fuel: Electric
Hot Water: Multi-tank, Electric
Metering: Fully Separate
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
Elementary School: FOUNTAINDALE
Middle Or Junior School: WESTERN HEIGHTS
High School: NORTH HAGERSTOWN
School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS
Location Information
In City Limits
Directions: I-70 to Route 40 (exit 32-B). Turn right on Eastern Blvd North. At dead-end, turn left on Pennsylvania and then make immediate right onto Haven Rd. Take Haven Right straight to the end of the road.
Municipality: HAGERSTOWN
Public facts
Beds: —
Baths: —
Sq. Ft.: 105,764
Stories: 3.0
Lot Size: 7.74 acres
Style: Multi-Family (5+ Unit)
Year Built: 1967
Year Renovated: —
County: Washington County
APN: 21 017930
Home facts updated by county records on Sep 19, 2026
Around this home
Schools
Fountaindale Elementary School
Public PreK-5 • Assigned • 0.5mi
7/10
Western Heights Middle School
Public 6-8 • Assigned • 0.7mi
5/10
North Hagerstown High School
Public 9-12 • Assigned • 0.8mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 101° expected this year, 16 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Hagerstown, MD • 21740
Average low and high temperatures (°F)
35
22
42
27
60
38
68
48
72
54
84
64
88
70
81
62
79
58
68
46
56
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.