Multi Family homes for sale & real estate in 21742, MD

Multi Family Home for sale in 21742, MD:

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 wate

Multi Family Home for sale in 21742, MD:

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 residence

Multi Family Home for sale in 21742, MD:

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

Multi Family Home for sale in 21742, MD:

Turnkey investment opportunity in historic Funkstown! This fully occupied three-unit property offers immediate rental income with all three units currently leased. Each unit features one bedroom with its own unique layout, including a traditional one-bedroom unit, a one-bedroom with finished loft space, and a spacious two-level one-bedroom featuring a large kitchen and additional attic storage. Kitchens and baths have been updated and separately metered electric (paid by the tenants) help make this an attractive, manageable investment. Natural gas heating for efficiency and municipal trash/water and sewer. Outside, the large backyard offers excellent value-add potential with space that coul

Multi Family Home for sale in 21742, MD:

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 w

Multi Family Home for sale in 21742, MD:

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!