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Turnkey 17-Unit Investment Opportunity
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15149 Bloyers Ave, Hagerstown, MD 21740

Fully occupied, cash-flowing 17-unit property with major capital improvements completed.

Property SizeContact for details
Days on Market556

Property Features for 15149 Bloyers Ave

General Information

Standard status Active
Class B
Property subtype Multifamily
Occupancy 100%
Investment Type Stabilized
Net Operating Income $200,851

Building Details

Year Renovated 2024
Buildings 4
Stories 2
Units 17
Listing Agency: RG Realty Inc
Listed By: Roberto Gonzalez · License #MD 598229
Source: Crexi
Added: Feb 11, 2025 Changed: Aug 8 Last Checked: Aug 20 at 3:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RG Realty Inc

Investment Insights

Based on property information with market context.

This is a fully occupied, cash-flowing 17-unit property located at 15149 Bloyers Ave. The property consists of four buildings and is professionally managed. It features 8 two-bedroom units, 8 one-bedroom units, and 1 four-bedroom single-family home. The property has been fully renovated and is lead-free. Major capital improvements have been completed, including new 30-year metal roofs across all buildings. The interiors are modernized with LED recessed lighting, waterproof laminate flooring, upgraded trim, and premium kitchens featuring custom cabinetry, countertops, and select stainless-steel appliances. Infrastructure upgrades include a new septic system, landscaping, and a paved parking lot. The property is nestled in a peaceful county setting with no city taxes, offering lower expenses and strong tenant retention, while remaining easily accessible to major amenities and employment hubs. The sellers are willing to hold up to 20% on a second mortgage, with terms dependent on the offer. This turnkey asset ensures steady income with minimal oversight.

Key Highlights

  • 100% Occupied & Professionally Managed: Enjoy immediate income and a hands‑off investment.
  • Fully Renovated & Lead‑Free: Benefit from completed capital improvements, reducing future expenses.
  • New 30‑Year Metal Roofs: Durable, low‑maintenance roofing ensures long‑term value.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Garden Center (Bike/Boat/Book/etc) Store Nail Salon Electrical Service

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

Location Intelligence

Trade Area within ½ mile

34
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied, cash-flowing 17-unit property with major capital improvements completed.
Where is this apartment building located?
The property is located at 15149 Bloyers Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: 100% Occupied & Professionally Managed: Enjoy immediate income and a hands‑off investment.; Fully Renovated & Lead‑Free: Benefit from completed capital improvements, reducing future expenses.; New 30‑Year Metal Roofs: Durable, low‑maintenance roofing ensures long‑term value.
(813) 323-0463 Call to check price and availability
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