Fully Rented 5-Unit Apartment
For Sale
$625,000
601 HIGHLAND WAY, Hagerstown, MD 21740
Five units are fully rented, with a covered front porch and off-street parking.
Property Size8,620 SF
Price / SF$72.51
Days on Market99
Property Features for 601 HIGHLAND WAY
General Information
Standard status
Active
Size
8,620 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
5
Building Details
Year Built
1870
Tenancy
Multi
Listing Agency:
Real Estate Innovations
(301) 745-1500
Listed By:
Alice J Guy · License #80505
(717) 977-9031
Source:
Cummingsrealtors
Added: Jul 11
Changed: Oct 16
Last Checked: Oct 16 at 9:28AM
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 Real Estate Innovations
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Investment Insights
Based on property information with market context.
This fully rented five (5) unit apartment building offers a covered front porch and off-street parking for residents.
The property is approximately one block from City Park, where walking trails, multiple ponds, and playgrounds are available.
The building is presented for sale as a multi-unit residential income property with current rental occupancy.
The property is approximately one block from City Park, where walking trails, multiple ponds, and playgrounds are available.
The building is presented for sale as a multi-unit residential income property with current rental occupancy.
Key Highlights
- Fully rented 5‑unit property
- Year built 1870
- Covered front porch
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
474
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
Frequently Asked Questions
What type of property is this?
Apartment building - Five units are fully rented, with a covered front porch and off-street parking.
Where is this apartment building located?
The property is located at 601 HIGHLAND WAY Hagerstown, MD.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully rented 5‑unit property; Year built 1870; Covered front porch
