Four-Unit Multifamily Investment
For Sale
$389,900
601-603 N MULBERRY ST, Hagerstown, MD 21740
Four units with potential for two additional units.
Property Size5,580 SF
Price / SF$69.87
Days on Market145
Property Features for 601-603 N MULBERRY ST
General Information
Standard status
Active
Size
5,580 SF
Property subtype
Multi-Family
Listing Agency:
The Glocker Group Realty Results
(301) 745-4400
Listed By:
Christian L Dickerson · License #602651
(301) 992-8467
Source:
Keygroupmd
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 15 at 10:18AM
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 The Glocker Group Realty Results
Investment Insights
Based on property information with market context.
Located at 601-603 North Mulberry Street, this property is a 4-unit residential investment opportunity. The property consists of four 1-bedroom apartments, each individually metered and featuring two separate entrances, totaling eight entrances. There are two additional attic units, one on each side of the building, that present the possibility of renovation into efficiency or studio units. These attic units already have separate entrances. According to the owner, a city inspector indicated that these two units could be converted into additional residential space. The property is deeded as two separate parcels. While the owner prefers to sell the parcels together as one portfolio, they are willing to sell them separately. The property requires some renovation, with unit 603 needing more than cosmetic improvements. The bike score is 39, indicating it is somewhat bikeable. The walk score is 31, indicating car-dependent surroundings, and the transit score is 10, indicating minimal transit options.
Key Highlights
- Investment Opportunity: 4‑unit residential property.
- Potential for 6 Units: Currently 4 units with potential for 2 more attic units.
- Individually Metered Units: All 4 units are individually metered.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units with potential for two additional units.
Where is this quadplex located?
The property is located at 601-603 N MULBERRY ST Hagerstown, MD.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Investment Opportunity: 4‑unit residential property.; Potential for 6 Units: Currently 4 units with potential for 2 more attic units.; Individually Metered Units: All 4 units are individually metered.
