16 S MULBERRY Street, Hagerstown, MD 21740
MULTI_FAMILY - Colonial - HAGERSTOWN, MD
- Added:
- Nov 24, 2025
- Days on Market:
- 223
- Last Refresh:
- Jul 5 at 11:06 pm
Property Features for 16 S MULBERRY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Alley, Off Street
- 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
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
- Brick 5‑unit building built in 1914 in a Colonial architectural style
- Fully rented 5‑unit property with off‑street parking at the rear (alley and off‑street parking)
- Unit mix includes four 1‑bedroom units and one 2‑bedroom unit with an additional office/den
- Unit 16 (second floor) includes living room, dining room, kitchen, bedroom, bathroom, and office/den
- Unit 16 1/2 offers main‑level living room and kitchen with a second‑level bedroom and bathroom
- Unit 18 (first and second floors) each include living room, kitchen, bedroom, and bathroom
Overview
The property is located at 16 S Mulberry Street in Hagerstown, Maryland (Washington County). The lot size is listed at 0.17 acres, and the building size is 4,316 square feet.
For investors or owner-operators seeking a turnkey residential income property, the current configuration provides a consistent, manageable unit count with a clear mix of one-bedroom and two-bedroom living spaces. With off-street parking to support tenant convenience and a building that is described as requiring minimal upkeep, the asset is positioned as a practical option for those looking to add a small, fully occupied multifamily property to their portfolio.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.2k | $18.36 |
| − Vacancy | −$5.4k | −$1.25 |
| EGI | $73.9k | $17.11 |
| − OpEx | −$33.2k | −$7.70 |
| NOI | $40.6k | $9.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.71639
- Latitude
- 39.63953
