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    Hagerstown, MD Apartment Buildings for Sale

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    Funkstown, MD Fairplay, MD Greencastle, PA
    20 properties
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    HAGERSTOWN Multifamily Investment Opportunity
    Updated: Jan 26
    HAGERSTOWN Multifamily Investment Opportunity

    671 HIGHLAND Way, Hagerstown, MD 21740

    $574,900
    4,666 sqft · 0.58 AC lot
    Great Location: Walking distance to Hagerstown City Park.
    High Income Potential: 9% CAP Rate.
    Fully Rented: Five (5) Units with tenants in place.
    Stable Investment: Same owner for years.
    Durable Construction: Brick construction.
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    This listing looks promising.

    Here's a quick look at some key insights for

    671 HIGHLAND Way, HAGERSTOWN, MD 21740

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Mortgage

      $278K
      Feb 2022

    • Last Sold

      Jul 2019
      $185K

    • Property Type

      Residential Income
      Built 1900
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    Six-Unit Apartment Building
    Updated: Jun 19
    Six-Unit Apartment Building

    629 OAK HILL Avenue, Hagerstown, MD 21740

    $1,175,000
    8,319 sqft · 0.52 AC lot
    6‑unit multifamily in Hagerstown’s Historic North End built in 1918 with Colonial‑style architecture
    Each unit is a 2BR/1BA with approximately eight rooms, including kitchen, dining room, living room, den, sunroom, private porch, and storage
    Historic interior features include original woodwork, French doors, abundant windows, covered porches, and a fireplace feature in each apartment
    Each unit has its own HVAC system; central air with electric and heat pump heating
    Off‑street parking plus a detached 4‑car garage that can support additional income potential
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    HAGERSTOWN Multifamily Investment Opportunity
    HAGERSTOWN Multifamily Investment Opportunity

    601 HIGHLAND Way, Hagerstown, MD 21740

    $625,000
    6,568 sqft · 0.45 AC lot

    Fully rented five-unit property near City Park in HAGERSTOWN, MD.

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    HAGERSTOWN Multi-Unit Investment Opportunity
    HAGERSTOWN Multi-Unit Investment Opportunity

    165 SUMMIT Avenue, Hagerstown, MD 21740

    $649,000
    4,811 sqft · 0.16 AC lot

    Five-unit apartment building overlooking the new Meritus Baseball Park.

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    5-Unit Multi-Family Building with Parking
    5-Unit Multi-Family Building with Parking

    16 S MULBERRY Street, Hagerstown, MD 21740

    $550,000
    4,316 sqft · 0.17 AC lot

    Well-maintained five-unit building offering four one-bedroom units and one two-bedroom unit plus an office/den.

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    HAGERSTOWN Multifamily Investment Opportunity
    HAGERSTOWN Multifamily Investment Opportunity

    601-603 N MULBERRY Street, Hagerstown, MD 21740

    $389,900
    5,580 sqft · 0.12 AC lot

    Four-unit residential property with potential for two additional units.

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    Downtown Hagerstown Redevelopment Opportunity
    Downtown Hagerstown Redevelopment Opportunity

    72 W Washington St, Hagerstown, MD 21740

    $2,490,000
    34,720 sqft · 0.23 AC lot

    Historic building with adaptive reuse potential in downtown Hagerstown.

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    Mixed-Use Investment in Downtown Hagerstown
    Mixed-Use Investment in Downtown Hagerstown

    101 POTOMAC St, Hagerstown, MD 21740

    $925,000

    Stabilized 10-unit property with value-add potential in a prime location.

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    Six-Unit Historic Multifamily Building
    Six-Unit Historic Multifamily Building

    629 Oak Hill Ave, Hagerstown, MD 21740

    $1,175,000

    Restored six-unit building with individual HVAC, off-street parking, and oversized two-bedroom layouts with porches and storage.

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    Renovated Apartment Building For Sale
    Renovated Apartment Building For Sale

    453 W ANTIETAM St, Hagerstown, MD 21740

    $1,850,000

    Recently renovated 14-unit apartment building with major capital improvements.

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    Hagerstown 7-Unit Multifamily Investment
    Hagerstown 7-Unit Multifamily Investment

    16-18 WAYSIDE Ave, Hagerstown, MD 21740

    $789,000

    Well-maintained 7-unit multifamily property near amenities and entertainment.

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    Fully Leased Hagerstown Apartment Building
    Fully Leased Hagerstown Apartment Building

    25 BROADWAY, Hagerstown, MD 21740

    $895,000

    Performing 8-unit apartment building near downtown Hagerstown.

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    Downtown Multifamily Investment Opportunity
    Downtown Multifamily Investment Opportunity

    220-226 Summit Ave, Hagerstown, MD 21740

    $2,100,000
    7,080 sqft

    Two adjoining apartment buildings with 20 units in downtown Hagerstown.

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    Hagerstown Multifamily Investment Opportunity
    Hagerstown Multifamily Investment Opportunity

    671 HIGHLAND Way, Hagerstown, MD 21740

    $574,900

    Five fully rented units near Hagerstown City Park.

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    Turn-Key Mixed-Use Investment Opportunity
    Turn-Key Mixed-Use Investment Opportunity

    117 E Antietam St, Hagerstown, MD 21740

    $740,000
    8,388 sqft

    Fully occupied six-unit building with stable cash flow.

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    Fully Rented 5-Unit Building
    Fully Rented 5-Unit Building

    16 S MULBERRY St, Hagerstown, MD 21740

    $550,000
    0.17 AC lot

    Turnkey investment property with value-add potential in Hagerstown, MD.

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    Hagerstown Multifamily Investment Opportunity
    Hagerstown Multifamily Investment Opportunity

    311 SUMMIT Ave, Hagerstown, MD 21740

    $599,900
    0.15 AC lot

    Six-unit apartment building near City Park, generating positive cash flow.

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    Hagerstown Multifamily Investment Opportunity
    Hagerstown Multifamily Investment Opportunity

    419 SUMMIT Ave, Hagerstown, MD 21740

    $499,900
    0.16 AC lot

    Five-unit apartment building near City Park, generating $4,700 monthly income.

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    Turnkey 17-Unit Investment Opportunity
    Turnkey 17-Unit Investment Opportunity

    15149 Bloyers Ave, Hagerstown, MD 21740

    $2,890,000

    Fully occupied, cash-flowing 17-unit property with major capital improvements completed.

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    Educational Campus with Income Potential
    Educational Campus with Income Potential

    Crestwood Dr, Hagerstown, MD 21742

    $3,300,000
    54,288 sqft · 7.28 AC lot

    7.28-acre campus with multiple buildings and income potential.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Hagerstown, MD, we suggest to view alternatives - similar 30 Off-Market properties to explore as potential leads.

    Off-Market Properties in Hagerstown, MD

    Consider similar Off-Market properties in Hagerstown, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1203 Frederick St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1203 Frederick St, Hagerstown, MD 21740-6830

    Value Estimation by Request
    1,134 sqft · 0.29 AC lot
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    12820 Little Elliott Dr
    APARTMENT HOUSE (100+ UNITS)

    12820 Little Elliott Dr, Hagerstown, MD 21742-2884

    Value Estimation by Request
    216 sqft · 52.93 AC lot
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    6 Public Sq
    APARTMENT HOUSE (5+ UNITS)

    6 Public Sq, Hagerstown, MD 21740-5511

    $7,340,000
    Estimated value
    62,073 sqft · 0.37 AC lot
    View details
    17940 Gdn Ln
    APARTMENT HOUSE (100+ UNITS)

    17940 Gdn Ln, Hagerstown, MD 21740-7908

    $28,690,000
    Estimated value
    123 sqft · 7.24 AC lot
    View details

    Hagerstown, MD Apartment Buildings Market Trends and Statistics

    Explore 50 apartment buildings for sale in Hagerstown, MD, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 157,205 square feet of properties for sale, with an estimated market value of $14,298,800.

    Sale prices for two-family homes in Hagerstown, MD start at $389,900, averaging $1,191,566, and reaching up to $3,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 101K
    Population Growth (5Y) +4.0%
    Median Household Income $66,959
    College Educated 10.5%

    High-Yield Neighborhoods for Investment

    Identify Hagerstown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21740 $1.2M
    21742 $3.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $18.55 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washington County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Hagerstown fall within the 100,000+ square foot range.

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