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    39 E North Ave Hagerstown, MD 21740

    For Sale
    $525,000

    MULTI_FAMILY - Colonial - HAGERSTOWN, MD

    Property size:
    3,703 SF
    Lot size:
    0.23 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 39 E North Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    2
    Parking features
    Alley, On Street, Garage - Detached
    Size
    3,703 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Ductless, Wall Unit(s)

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Stucco
    Architectural style
    Colonial

    Keller Williams Premier Realty (301) 745-4450 [email protected]

    Listing agent Mary E Llewellyn (240) 366-1614 License #525987

    Listing date Nov 20, 2025

    MLS# MDWA2023544 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

    Hagerstown Multifamily Investment Opportunity

    This well-maintained 4-unit property presents an exceptional investment opportunity with a strong rental history. Fully renovated in 2022, the property features spacious apartments, including two 2-bedroom units and two 1-bedroom units. All units are fully occupied and equipped with washer/dryer units. The monthly gross income is $4,620, resulting in a total annual gross income of $55,440. Recent updates include a new roof, water heater, windows, updated kitchens with granite countertops, all new appliances, and Mitsubishi mini-split systems. The property also retains original artisan glass windows. Additional features include a large basement with an old coal bin and chute, and a large attic space with windows. Additional rental income is generated from the rear detached 2-car garage. Ample off-street parking is available in the rear lot. Tenants are responsible for all utilities, with electric metered separately. Each unit benefits from a spacious front porch and its own rear patio space. The property has lead-free certification on all units. Situated on a 0.23-acre lot, the property encompasses 3,703 square feet. This property offers reliable income and a stable investment.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.71526
    Latitude
    39.64615

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained, fully renovated 4-unit property with strong rental history.
    Where is this quadplex located?
    The property is located at 39 E North Ave Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - High income-generating potential: $55,440 annual gross income with all units fully occupied.; - Fully renovated in 2022, ensuring modern amenities and appeal.; - Turnkey investment: Includes four units (two 2-bedroom, two 1-bedroom) with washer/dryer units in each.
    (240) 366-1614
    Request Owner's contact information
    39 E North Ave 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
    39 E North Ave Hagerstown, MD 21740
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