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    1301 Virginia Ave Hagerstown, MD 21740

    New
    For Sale
    $550,000

    MULTI_FAMILY - Victorian - HAGERSTOWN, MD

    Property size:
    3,720 SF
    Lot size:
    0.31 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 10 at 11:06 pm

    Property Features for 1301 Virginia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking
    8
    Parking features
    Parking Lot, On Street
    Size
    3,720 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Hot Water(Heating)
    Cooling system
    Ceiling Fan(s), Window Unit(s)

    Building Details

    Year built
    1927
    Number of units
    4
    Building materials
    Block
    Architectural style
    Victorian

    Keller Williams Realty Centre (410) 312-0000 [email protected]

    Listing agent Robert J Krop (301) 524-2887 License #35299

    Listing date Dec 10, 2025

    MLS# MDWA2031564 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cash-Flowing 5-Unit Multi-Building Investment

    This is a 5-unit multi-building property, fully rented and cash-flowing, presenting a great investment opportunity. The building has been well-maintained, with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units. The property features hardwood floors and updated finishes. Ample on-site parking is available. There is room to add value and increase revenue with additional features such as 4 garages that can be rented separately, storage space for tenants or outside rentals, and coin-operated laundry for steady extra income. The property size is 3720 square feet and the lot size is 0.31 acres. This turn-key investment is located in Hagerstown, MD, in a sought-after rental market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.74476
    Latitude
    39.62534

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    FAQs

    What type of property is this?
    Apartment building - Fully rented, well-maintained investment property with upside potential in Hagerstown.
    Where is this apartment building located?
    The property is located at 1301 Virginia Ave Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Fully rented, cash-flowing 5-unit multi-building: Turn-key investment with immediate income.; - Ample on-site parking: A rare and highly desirable amenity for tenants.; - Value-add opportunities: Includes 4 rentable garages, storage space, and coin-operated laundry.
    (301) 524-2887
    Request Owner's contact information
    1301 Virginia Ave Hagerstown, MD 21740
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    Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1301 Virginia Ave Hagerstown, MD 21740
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