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Fully Leased Hagerstown Apartment Building
For Sale
$895,000
Pending

25 BROADWAY, Hagerstown, MD 21740

Performing 8-unit apartment building near downtown Hagerstown.

Property SizeContact for details
Days on Market111

Property Features for 25 BROADWAY

General Information

Standard status Pending
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $11,424

Building Details

Year Built 1962
Units 8
Listing Agency: RG Realty, Inc.
Listed By: Roberto G. Gonzalez · License #598229
Source: Elliman
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 5:08AM

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 RG Realty, Inc.

Investment Insights

Based on property information with market context.

This fully-leased, 8-unit apartment building includes an additional storage building, a laundry room, and on-site parking. Located on Broadway Street, the building provides a secure setting for residents. The property generates $104,640 annually in gross rents with tenants in place. Access to the apartments is controlled. On-site laundry facilities are available for residents. The property is located within walking distance of downtown Hagerstown, with restaurants, shops, and entertainment options including the Maryland Theater and a new minor league baseball stadium and events center.

Key Highlights

  • Fully‑leased, performing 8‑unit apartment building generating $104,640 annually.
  • Highly qualified, no fuss tenants in place.
  • Secure building with controlled access.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Florist Pet Grooming Service Pet Store Tanning Salon

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

1,708
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 - Performing 8-unit apartment building near downtown Hagerstown.
Where is this apartment building located?
The property is located at 25 BROADWAY Hagerstown, MD.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully‑leased, performing 8‑unit apartment building generating $104,640 annually.; Highly qualified, no fuss tenants in place.; Secure building with controlled access.
More about this property
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