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Multi-Family Residential Investment Opportunity
For Sale
$389,900

601-603 N MULBERRY Street, Hagerstown, MD 21740

MULTI_FAMILY - Colonial - HAGERSTOWN, MD

Property Size5,580 SF
Lot Size0.12 Acres
Price / SF$69.87
Days on Market200

Property Features for 601-603 N MULBERRY Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking 2
Parking features On Street, Off Street
Interior features Bathroom - Tub Shower, Carpet
Appliances Stove, Oven/Range - Electric
Elementary school district WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district WASHINGTON COUNTY PUBLIC SCHOOLS
High school district WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status Active
Size 5,580 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Annual Amount 5941

Utilities

Heating system Baseboard, Electric (Heating)
Cooling system Window Unit(s)

Building Details

Year built 1911
Number of units 4
Building materials Brick
Architectural style Colonial
Listing Agency: The Glocker Group Realty Results
Listed By: Christian L Dickerson · License #602651
Added: Jan 12 Changed: Jul 13 Last Checked: Jul 31 at 3:06AM
MLS# MDWA2033552

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.

Investment Insights

Based on property information with market context.

601–603 N Mulberry Street in Hagerstown, MD is a residential income property deeded as two separate parcels, offered for sale together as a portfolio. The building includes four individually metered 1-bedroom apartments, with two separate entrances for each unit (8 total entrances). Additional attic units on each side already have separate entrances, and the owner states a city inspector indicated they could potentially be converted into two additional residential units.

The property will require some renovation, with unit 603 needing more than cosmetic improvements. The owner is open to selling separately, though the preferred approach is to sell together. For estimated financials and rental estimates, or to schedule a private showing, call the listing agent.

Key Highlights

  • Potential for 6 Units: Currently a 4‑unit property with the possibility of adding 2 additional attic units, significantly increasing rental income.
  • Individually Metered Apartments: All 4 existing units are individually metered, simplifying utility management and tenant billing.
  • Two Separate Parcels: Deeded as 2 separate parcels (601‑603), offering flexibility in future sales or management.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Store Tanning Salon Pet Store & Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

594
Businesses Nearby

Demographics for 21740, MD

65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Two separate parcels house four individually metered 1-bedroom units with additional attic space that may be convertible.
Where is this quadplex located?
The property is located at 601-603 N MULBERRY Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Potential for 6 Units: Currently a 4‑unit property with the possibility of adding 2 additional attic units, significantly increasing rental income.; Individually Metered Apartments: All 4 existing units are individually metered, simplifying utility management and tenant billing.; Two Separate Parcels: Deeded as 2 separate parcels (601‑603), offering flexibility in future sales or management.
More about this property
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