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Hagerstown 7-Unit Multifamily Investment
For Sale
$789,000

16-18 WAYSIDE Ave, Hagerstown, MD 21740

Well-maintained 7-unit multifamily property near amenities and entertainment.

Days on Market99

Property Features for 16-18 WAYSIDE Ave

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1957
Listing Agency: Berkshire Hathaway HomeServices Homesale Realty
Listed By: Joshua L Woods · License #625976
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 30 at 12:54PM

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 Berkshire Hathaway HomeServices Homesale Realty

Investment Insights

Based on property information with market context.

This 7-unit multifamily property is located in Hagerstown, Maryland. Each unit features hardwood floors and generously sized bedrooms. The property is situated near restaurants, shopping, and entertainment. It is within walking distance of the Hagerstown Fairgrounds, minutes from City Park, and close to the New Meritus Baseball Stadium. The property has a bike score of 61, indicating it is bikeable, a walk score of 83, indicating it is very walkable, and a transit score of 28, indicating some transit options are available. This property is presented as an investment opportunity with strong rental potential.

Key Highlights

  • Strong rental income potential from 7 units.
  • Prime location: very walkable (walkScore 83) to restaurants, shopping, and entertainment.
  • Well‑maintained property with hardwood floors.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Skin Care Clinic Big Box & Wholesale Store Dental Office HVAC Service Clothing & Fashion Store

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

1,241
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 - Well-maintained 7-unit multifamily property near amenities and entertainment.
Where is this apartment building located?
The property is located at 16-18 WAYSIDE Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Strong rental income potential from 7 units.; Prime location: very walkable (walkScore 83) to restaurants, shopping, and entertainment.; Well‑maintained property with hardwood floors.
More about this property
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