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    1301 Virginia Ave Hagerstown, MD 21740

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    For Sale
    $600,000

    Fully rented, cash-flowing 5-unit property with recent improvements.

    Lot size:
    0.31 Acres

    Property Features for 1301 Virginia Ave

    General Information

    Lot size
    0.31 Acres

    Building Details

    Year built
    1927

    Source: Keller Williams Realty Centre Agent Robert J Krop

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

    Overview

    Five-Unit Multi-Building Investment Opportunity

    This is a 5-unit multi-building property, fully rented and cash-flowing. The building has been well-maintained with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units. The units feature hardwood floors and updated finishes. Ample on-site parking is available. There is potential to add value and increase revenue with additional features such as 4 garages that can be rented separately, storage space for tenants or outside rentals, and coin-operated laundry for steady extra income. This property is located in Hagerstown, MD.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7447612
    Latitude
    39.6253428

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    FAQs

    What type of property is this?
    Apartment building - Fully rented, cash-flowing 5-unit property with recent improvements.
    Where is this apartment building located?
    The property is located at 1301 Virginia Ave Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Fully rented and cash-flowing 5-unit property.; - Opportunity to increase revenue by renting 4 garages, storage space, and coin-operated laundry.; - Well-maintained building with recent improvements including a new roof and updated plumbing.
    (301) 524-2887
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    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
    1301 Virginia Ave Hagerstown, MD 21740
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