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428 Washington St Hagerstown, MD 21740

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For Sale
$595,000

Five-unit rental property, excellent tenants.

Property size:
9,204 SF

Property Features for 428 Washington St

General Information

Property type
Other commercial real estate
Square Feet
9,204 SF

Building Details

Year Built
1894

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Listing Contact
Roland Layman

Listing Agency: RE/MAX Achievers Listing Agent: Roland Layman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a five-unit multi-family property located at 428 W Washington Street in Hagerstown, Maryland. The property encompasses a total of 9,204 square feet and features five fully rented units, all boasting significant tenant longevity – five years or more. The main building comprises three units, each offering 1.5 bathrooms and 2-3 bedrooms, complete with washer and dryer hookups. A separate two-unit building provides an additional two units, each featuring two full bathrooms and three bedrooms, also equipped with washer and dryer hookups. Ample off-street parking is available for residents. All units are registered with the city and comply with lead-safe regulations. Currently, all tenants are on month-to-month leases, presenting a potential for future rental rate adjustments. While scheduling a viewing may require coordination due to the tenants' varying work schedules, the strong tenant history and consistent rental income make this a compelling investment prospect. The asking price is $595,000. Don't miss this chance to acquire a stable and profitable multi-family property in a desirable location.
Property Profile Location Intelligence

Current Use by Public Records

Simpley Kids 665 ... Medical Clinic

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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Location Insight

  • Map
  • Local Demand
City
Hagerstown
County
Washington
State
Maryland
Longitude
-77.72773
Latitude
39.64581

FAQs

What type of property is this?
Commercial real estate - Five-unit rental property, excellent tenants.
Where is this commercial real estate located?
The property is located at 428 Washington St Hagerstown, MD.
What is the asking price?
The asking price for this property is $595,000.
More about this property
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