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15149 Bloyers Ave Hagerstown, MD 21740

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For Sale
$2,890,000

Fully occupied, renovated 17-unit multifamily property ideal for 1031 exchange.

Lot size:
2.72 Acres

Property Features for 15149 Bloyers Ave

General Information

Standard status
Active
Lot size
2.72 Acres

Building Details

Year built
1973

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Listing Contact
Krystal Stewart
Source: Corcoran

Listing Agency: RG REALTY, INC. Listing Agent: Krystal Stewart

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

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Overview

Turnkey Multifamily Investment Opportunity

This is a fully stabilized 17-unit multifamily asset comprising four buildings. The property is 100% occupied and generates consistent rental income, presenting a suitable option for investors seeking a stable, income-producing property or a potential replacement asset for a 1031 exchange. The unit mix includes eight two-bedroom units, eight one-bedroom units, and one four-bedroom single-family home. Extensive upgrades have been completed throughout the property, including new metal roofs on all buildings with a 30-year warranty, modernized interiors with LED recessed lighting, waterproof laminate flooring, updated trim, and redesigned kitchens. The updated kitchens feature premium cabinetry, countertops, and select stainless-steel appliances. A new septic system has been installed, and the property features improved landscaping and a paved parking lot. The property is lead-free certified and professionally managed for a smooth ownership transition. Significant capital improvements have already been completed. Located in a county setting with no city taxes and convenient access to regional amenities and commuter routes, the property supports strong tenant demand and long-term occupancy.
Location Intelligence

Current Use by Public Records

1031 exchange properties

Suggested Use

Restaurant Building Supply Big Box & Wholesale Store Nail Salon Gym & Fitness Center Food Market Grocery & Convenience Store Bar & Pub Garden Center Electrical Service

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

Location Insight

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  • Local Demand
City
Hagerstown
County
Washington
State
Maryland
Longitude
-77.8426989
Latitude
39.6561594

FAQs

What type of property is this?
Apartment building - Fully occupied, renovated 17-unit multifamily property ideal for 1031 exchange.
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: - Fully Occupied, Stabilized Income: Provides dependable rental income.; - Extensive Renovations Completed: Including new metal roofs (30-year warranty), modernized interiors, updated kitchens, new septic system, improved landscaping, and paved parking.; - Ideal for 1031 Exchange: Suitable as a replacement asset.
More about this property
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