16 S MULBERRY Street, Hagerstown, MD 21740

Building Details

Year built

1914

Number of units

4

Building materials

Brick

Architectural style

Colonial

Listing agent Roberto G. Gonzalez License #598229 Show Phone

Listing office RG Realty, Inc. j***@rgrealtyinc.com 12907 Oak Hill Avenue, SMITHSBURG, MD Show Phone

Listing date Nov 24, 2025

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MLS# MDWA2032918 Listing URL

Copyright © 2026 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.

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Overview

This well-maintained 5-unit property in Hagerstown, MD, presents a fantastic investment opportunity. The building is fully rented with reliable long-term tenants, offering immediate income. The current rents are significantly below market rates, providing excellent value-add potential through rent increases. The property features a mix of unit sizes, including four 1-bedroom units and one 2-bedroom unit with an additional office/den. Specifically, 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, while Unit 18 (Second Floor) offers a living room, kitchen, bedroom, and bathroom, and is currently rented. Off-street parking is available at the rear of the property. The property, situated on a 0.17-acre lot, measures 4316 square feet. With strong occupancy and room to grow income, this is a great opportunity for both new and seasoned investors.

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

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, MD.

Where is this apartment building located?

The property is located at 16 S MULBERRY Street Hagerstown, MD.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 1914 Colonial building with brick construction and hot water heating; Fully rented 5‑unit property with stable occupancy (4 one‑bedroom units and 1 two‑bedroom unit); Unit 16 (2nd floor) includes an office/den in addition to living, dining, kitchen, bedroom, and bathroom