300 Northern Ave Hagerstown, MD 21742

This exceptional 57,162 square foot multi-family property in Hagerstown, MD, presents a compelling investment opportunity. Built in 1954 on a 4.414-acre lot, this vintage complex comprises 66 units: 19 one-bedroom and 47 two-bedroom apartments, plus a separate office unit (not included in the residential count). Each apartment features a full bathroom with updated fixtures and ceramic tile flooring. The property boasts two large buildings, divided into nine distinct sections, offering unique architectural charm. A central foyer, stairwells, and common corridors enhance accessibility, while basement laundry facilities add convenience. The grounds include a paved parking area with 46 designated spaces and a 24-hour video monitoring system. Over $1.5 million in updates have been completed since 2017, including freshly painted units, refinished hardwood floors, new light fixtures, and upgraded kitchen flooring. Common areas have also been revitalized. The central boiler (replaced in 2012) provides efficient gas heating, while tenants manage their own air conditioning. A Ratio Utility Billing System (RUBS) is in place. The property's prime location near Longmeadow Shopping Center (including Amish Market), Stone House Square (Lowe's and Weis), and Fountain Head Country Club, coupled with its proximity to JLG Industries and proposed commercial development, ensures strong tenant demand and future growth potential. The proactive leasing strategy has resulted in significantly reduced vacancies. This property offers a blend of vintage charm, modern amenities, and a strategic location, making it a highly desirable and profitable asset. The asking price is $8,900,000.