Turnkey 5-Unit Investment
16 S MULBERRY Street, Hagerstown, MD 21740
MULTI_FAMILY - Colonial - HAGERSTOWN, MD
Property size:
4,316 SFLot size:
0.17 AcresPrice / SF:
$133/SF- Added:
- Nov 24, 2025
- Days on Market:
- 178
- Last Refresh:
- May 21 at 4:06 pm
Property Features for 16 S MULBERRY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Alley
- Standard status
- Active
- Size
- 4,316 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5072
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1914
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Roberto G. Gonzalez License #598229 (301) 991-0207
Listing office RG Realty, Inc. 12907 Oak Hill Avenue, SMITHSBURG, MD (240) 203-6393
Listing date Nov 24, 2025
MLS# MDWA2032918
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully rented 5‑unit turnkey building with reliable long‑term tenants.
- Significant value‑add potential through rent increases to market rates.
- Features a mix of unit sizes: four 1‑bedroom units and one 2‑bedroom unit with an additional office/den.
- Off‑street parking available at the rear of the property.
- Brick construction and Colonial architectural style.
- Built in 1914.
Overview
This well-maintained 5-unit property in Hagerstown, MD, presents a fantastic investment opportunity. The building is fully rented with reliable long-term tenants, offering immediate income. The current rents are significantly below market rates, providing excellent value-add potential through rent increases. The property features a mix of unit sizes, including four 1-bedroom units and one 2-bedroom unit with an additional office/den. Specifically, 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 1/2 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, while Unit 18 (Second Floor) offers a living room, kitchen, bedroom, and bathroom, and is currently rented. Off-street parking is available at the rear of the property. The property, situated on a 0.17-acre lot, measures 4316 square feet. With strong occupancy and room to grow income, this is a great opportunity for both new and seasoned investors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.71639
- Latitude
- 39.63953
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully rented 5-unit building with value-add potential in Hagerstown, MD.
Where is this apartment building located?
The property is located at 16 S MULBERRY Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Fully rented 5‑unit turnkey building with reliable long‑term tenants.; Significant value‑add potential through rent increases to market rates.; Features a mix of unit sizes: four 1‑bedroom units and one 2‑bedroom unit with an additional office/den.
