Turnkey 17-Unit Multifamily Investment | Fully Occupied | Renovated | Ideal for 1031 Exchange Rare opportunity to acquire a fully stabilized 17-unit multifamily asset consisting of four buildings. The property is 100% occupied and producing consistent rental income, making it an excellent option for investors seeking a stable, income-producing property or a potential replacement asset for a 1031 exchange. With extensive renovations already completed and professional management in place, this property offers a low-maintenance investment with immediate cash flow and long-term hold potential. Property Highlights Unit Mix (8) Two-Bedroom Units (8) One-Bedroom Units (1) Four-Bedroom Single-Family Home Stabilized Income All units are fully leased with strong occupancy, providing dependable rental income from day one. Major Capital Improvements Completed Extensive upgrades throughout the property include: New metal roofs on all buildings with a 30-year warranty Modernized interiors with LED recessed lighting, waterproof laminate flooring, updated trim, and redesigned kitchens Updated kitchens featuring premium cabinetry, countertops, and select stainless-steel appliances New septic system installed Improved landscaping and paved parking lot Investor Advantages Lead-free certification Professionally managed for a smooth ownership transition Significant capital improvements already completed Located in the county with no city taxes Positioned in a quiet county setting with convenient access to regional amenities and commuter routes, the property continues to support strong tenant demand and long-term occupancy. This fully occupied, stabilized multifamily asset is well-suited for investors seeking reliable income, portfolio growth, or a potential 1031 exchange replacement property.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Washington County
APN
2223007770
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 18, 2025.
RV
Rural Village District
The Rural Village designation is provided to preserve the unique historic or rural character of existing villages by encouraging compatible development within a defined village boundary. It also identifies clusters of existing development in the rural areas that may be candidates for public facilities in the future. The zone intends for permitted development to be generally of a similar density, scale and use type and mixture as that which exists in the village. The zone is also designed to prevent large amounts or inappropriately scaled development or uses that would detract from the existing rural or historic character of the village. It is expected that development will be residential and a limited amount of mixed rural services. More than one use may be permitted on one parcel in accordance with specific guidelines. Public water and sewer may be available for the purpose of resolving or preventing health issues. Use of public utilities to permit greater density than the density specified in this section is not permitted.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Greenhouse / nursery
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Manufacturing
Public service
Educational/school
Historical weather
Hagerstown, MD • 21740
Average low and high temperatures (°F)
36
22
42
27
60
39
69
48
73
54
84
64
89
70
82
62
80
59
69
46
56
39
42
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 24% for direct sun exposure in Hagerstown. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 15149 Bloyers Ave
$2,437,769
$262K under list price of $2.70M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $395K to $560K.