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    16 S Mulberry St Hagerstown, MD 21740

    For Sale
    $600,000

    MULTI_FAMILY - Colonial - HAGERSTOWN, MD

    Property size:
    4,316 SF
    Lot size:
    0.17 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 16 S Mulberry St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Off Street, Alley
    Size
    4,316 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1914
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Colonial

    RG Realty, Inc. (240) 329-9454 [email protected]

    Listing agent Roberto G. Gonzalez (240) 203-6393 License #598229

    Listing date Nov 24, 2025

    MLS# MDWA2032918 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

    Turnkey 5-Unit Investment Property

    This well-maintained 5-unit property in HAGERSTOWN, MD, presents a fantastic investment opportunity. The building is fully rented with reliable long-term tenants. The property features four 1-bedroom units and one 2-bedroom unit with an additional office/den. The building is a turnkey investment with current rents significantly below market, offering excellent value-add potential through rent increases to market rates. Off-street parking is available at the rear of the property. Unit 16 (First Floor) includes a living room, dining room, kitchen, bedroom, and bathroom. Unit 16 (Second Floor) features a living room, dining room, kitchen, bedroom, bathroom, and office/den. Unit 16 1/2 has a main level with a living room and kitchen, and a second level with a bedroom and bathroom. Unit 18 (First Floor) contains a living room, kitchen, bedroom, and bathroom. Unit 18 (Second Floor) includes a living room, kitchen, bedroom, and bathroom, and is currently rented. The property, situated on a 0.17-acre lot, offers 4316 square feet of space. With strong occupancy, room to grow income, and minimal upkeep needed, this is a great opportunity for both new and seasoned investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.71639
    Latitude
    39.63953

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    FAQs

    What type of property is this?
    Apartment building - Fully rented 5-unit building with value-add potential in Hagerstown.
    Where is this apartment building located?
    The property is located at 16 S Mulberry St Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Fully rented 5-unit building provides immediate income.; - Significant value-add potential through rent increases to market rates.; - Turnkey property requires minimal upkeep.
    (240) 203-6393
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    16 S Mulberry St 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
    16 S Mulberry St Hagerstown, MD 21740
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