16 S MULBERRY St, Hagerstown, MD 21740

Building Details

Year Built

1914

Listing office RG REALTY, INC. r***@rgrealtyinc.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

This well-maintained 5-unit property is a turnkey investment, fully rented with reliable long-term tenants. The building features four 1-bedroom units and one 2-bedroom unit with an additional office/den. Off-street parking is available at the rear of the property. Unit 16 (First Floor) includes a living room, dining room, kitchen, bedroom, and bathroom. Unit 16 (Second Floor) features a living room, dining room, kitchen, bedroom, bathroom, and office/den. Unit 16 ½ has a main level with a living room and kitchen, and a second level with a bedroom and bathroom. Unit 18 (First Floor) contains a living room, kitchen, bedroom, and bathroom. Unit 18 (Second Floor), currently rented, also includes a living room, kitchen, bedroom, and bathroom. This property offers excellent value-add potential through rent increases to market rates, as current rents are significantly below market. With strong occupancy, room to grow income, and minimal upkeep needed, this is a great opportunity for both new and seasoned investors.

Suggested Use

Clothing & Fashion Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Florist Locksmith Pet Store Clothing & Fashion Store Pet Store & Service Restaurant Pet Grooming Service

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

Location Insight

• Map
• Local Demand

City

Hagerstown

County

Washington

State

Maryland

Longitude

-77.7164

Latitude

39.6395

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FAQs

What type of property is this?

Apartment building - Turnkey investment property with value-add potential in Hagerstown, MD.

Where is this apartment building located?

The property is located at 16 S MULBERRY St Hagerstown, MD.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Fully rented 5‑unit turnkey building providing immediate income.; Significant value‑add potential through rent increases to market rates.; Well‑maintained property requiring minimal upkeep.