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    Hagerstown, MD Multifamily Properties for Sale

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    Mixed-Use Building with Offices
    Updated: Jul 24
    Mixed-Use Building with Offices

    382 S CLEVELAND Avenue, Hagerstown, MD 21740

    $650,000
    5,602 sqft 0.25 AC lot
    Mixed‑use building built in 1962 with brick construction, central heating, and window unit(s) cooling
    Upper level has 3 residential apartments for immediate rental income
    Expansive first floor includes 6 private office/exam rooms, 4 half bathrooms, and a kitchen
    Parking lot with 12 parking spaces plus 2 garages
    Equipped with a sprinkler system
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    This listing looks promising.

    Here's a quick look at some key insights for

    382 S CLEVELAND Avenue, HAGERSTOWN, MD 21740

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $59K
      Annual

    • Mortgage

      $330K
      Apr 2017

    • Property Type

      Residential Income
      Built 1962
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    Colonial Apartment Building
    Updated: Aug 11
    Colonial Apartment Building

    400 N POTOMAC Street, Hagerstown, MD 21740

    $800,000
    8,524 sqft 0.26 AC lot
    8,524‑square‑foot mixed‑use income property with 7 apartments and 1 ground‑floor commercial space
    Seven one‑bedroom, one‑bathroom apartments plus commercial space
    87.5% occupied, with 7 of 8 units and spaces leased
    Recently replaced roof and new replacement windows throughout
    Built in 1903 with Colonial architectural design
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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    671 HIGHLAND Way, Hagerstown, MD 21740

    $574,900
    4,666 sqft 0.58 AC lot

    Five units are fully rented, with yearly leases in place and new rear steps currently being installed.

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    Downtown Multifamily Apartment Complex
    Downtown Multifamily Apartment Complex

    220 220-226 Summit Ave, Hagerstown, MD 21740

    $1,975,000
    7,080 sqft

    Two adjoining apartment buildings total 20 units, with updated systems and a detached three-bay garage for added rental income.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Six-Unit Brick Apartment Building
    Six-Unit Brick Apartment Building

    429 N LOCUST Street, Hagerstown, MD 21740

    $600,000
    5,655 sqft 0.07 AC lot

    Fully occupied multifamily property with spacious one-bedroom units and original architectural details.

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    Five-Unit Residential Income Property
    Five-Unit Residential Income Property

    601 HIGHLAND Way, Hagerstown, MD 21740

    $625,000
    6,568 sqft 0.45 AC lot

    Fully rented five-unit property with a covered front porch and off-street parking.

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    HAGERSTOWN Multi-Unit Investment Opportunity
    HAGERSTOWN Multi-Unit Investment Opportunity

    165 SUMMIT Avenue, Hagerstown, MD 21740

    $649,000
    4,811 sqft 0.16 AC lot

    Five-unit apartment building overlooking the new Meritus Baseball Park.

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    All-Brick 10-Unit Mixed-Use Building
    All-Brick 10-Unit Mixed-Use Building

    154-158 -s Potomac, Hagerstown, MD 21740

    $1,400,000
    12,736 sqft 0.22 AC lot

    Four-story all-brick 10-unit building with a detached 3-bay garage and a separate electric-metered unit mix.

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    Hagerstown Duplex with Rental Income
    Hagerstown Duplex with Rental Income

    904 - 906 CHESTNUT Street, Hagerstown, MD 21740

    $284,900
    1,724 sqft 0.26 AC lot

    Fully rented duplex with income and upside potential.

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    Brick Quadplex with Two-Bay Garage
    Brick Quadplex with Two-Bay Garage

    9947 CROSSFIELD Road, Hagerstown, MD 21740

    $675,000
    1,428 sqft 0.23 AC lot

    Four brick-built rental units plus a two-bay garage, updated with recent capital improvements and FHA eligibility.

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    Brick 10-Unit Mixed-Use Building
    Brick 10-Unit Mixed-Use Building

    154-158S Potomac, Hagerstown, MD 21740

    $1,400,000
    12,736 sqft 0.22 AC lot

    All-brick four-story building with 9 residential units and 1 commercial unit, each separately metered for electric.

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    Victorian Duplex
    Victorian Duplex

    608 N MULBERRY Street, Hagerstown, MD 21740

    $379,900
    2,502 sqft 0.12 AC lot

    Two residential units offer three-bedroom layouts, with one available for occupancy and the other tenant-occupied.

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    Three-Unit Apartment Investment
    Three-Unit Apartment Investment

    106 RANDOLPH Avenue, Hagerstown, MD 21740

    $279,000
    1,998 sqft 0.02 AC lot

    Fully rented three-unit multifamily property with three one-bedroom units and existing rental documentation.

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    Brick Mixed-Use Apartment Building
    Brick Mixed-Use Apartment Building

    154158 POTOMAC, Hagerstown, MD 21740

    $1,400,000
    12,736 sqft 0.22 AC lot

    Four-story, all-brick 10-unit building includes 9 residential units and 1 commercial unit with separate electric metering.

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    Mixed-Use Triplex with Storefront
    Mixed-Use Triplex with Storefront

    160-158 1/2- S POTOMAC Street, Hagerstown, MD 21740

    $350,000
    2,547 sqft 0.05 AC lot

    For sale mixed-use triplex with two residential apartments and one commercial storefront totaling 3 income-producing units.

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    Colonial Triplex with One- and Three-Bed Units
    Colonial Triplex with One- and Three-Bed Units

    836 HAMILTON Boulevard, Hagerstown, MD 21742

    $419,900
    1,624 sqft 0.07 AC lot

    Two sides sold together at 836 and 838 Hamilton Boulevard; all units are fully rented.

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    Downtown Hagerstown Redevelopment Opportunity
    Downtown Hagerstown Redevelopment Opportunity

    72 W Washington St, Hagerstown, MD 21740

    $2,490,000
    34,720 sqft 0.23 AC lot

    Historic building with adaptive reuse potential in downtown Hagerstown.

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    Turnkey 5-Unit Apartment Building
    Turnkey 5-Unit Apartment Building

    16 S MULBERRY Street, Hagerstown, MD 21740

    $525,000
    4,316 sqft 0.17 AC lot

    Well-maintained 5-unit apartment building with four 1-bedroom units, one 2-bedroom unit, and rear off-street parking.

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    Turnkey Tavern and Restaurant Building
    Turnkey Tavern and Restaurant Building

    21400 LEITER STREET, Hagerstown, MD 21742

    $600,000
    3,790 sqft

    Turnkey tavern and restaurant with bar, kitchen, walk-in cooler, and covered rear deck, plus two income-producing apartments.

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    Over-Under Duplex with 4-Car Driveway
    Over-Under Duplex with 4-Car Driveway

    630 SALEM Avenue, Hagerstown, MD 21740

    $220,000
    1,498 sqft 0.06 AC lot

    Well-maintained over-under duplex with a month-to-month lower unit and a vacant upper unit, each with 1 bed and 1 bath.

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    Renovated Duplex with Buildable Lot
    Renovated Duplex with Buildable Lot

    113, 117, 119 FAIRGROUND AVENUE, Hagerstown, MD 21740

    $435,000
    1,610 sqft

    Fully occupied duplex with renovated units plus an adjoining buildable lot suitable for single-family construction.

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    Colonial Duplex With Fully Rented Units
    Colonial Duplex With Fully Rented Units

    838 HAMILTON Boulevard, Hagerstown, MD 21742

    $419,900
    1,626 sqft 0.07 AC lot

    Colonial duplex with one- and three-bedroom units, separate utility meters, and on-street parking.

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    Turn-Key Duplex With Fenced Yards
    Turn-Key Duplex With Fenced Yards

    207-209 W WILSON BOULEVARD, Hagerstown, MD 21740

    $319,900
    3,190 sqft

    Duplex offers two nearly identical units with fenced rear yards and off-street parking.

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    Hagerstown Triplex: Investment Opportunity
    Hagerstown Triplex: Investment Opportunity

    428 VIRGINIA Avenue, Hagerstown, MD 21740

    $384,900
    2,904 sqft 0.17 AC lot

    Fully occupied triplex across from Hagerstown City Park.

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    Hagerstown, MD Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Hagerstown, MD, showcased through 71 active listings on our real estate platform. These investment opportunities span a total of 217,385 square feet of properties for sale, with an estimated market value of $36,778,985.

    Sale prices for multifamily properties in Hagerstown, MD start at $220,000, averaging $668,708, and reaching up to $2,490,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 42
    Duplexes 22
    Quadplexes 10
    Triplexes 9
    Short term rental properties 1

    Demographics Overview

    Population 101K
    Population Growth (5Y) +4.0%
    Median Household Income $66,959
    College Educated 10.5%

    High-Yield Neighborhoods for Investment

    Identify Hagerstown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21742 $472.5K
    21740 $730.5K

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $18.55 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Hagerstown fall within the 100,000+ square foot range.

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