Hagerstown, MD Multifamily Properties for Sale

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Funkstown, MD Fairplay, MD Greencastle, PA

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Updated: Apr 10

Hagerstown Triplex: Investment Opportunity

428 VIRGINIA Avenue, Hagerstown, MD 21740

$384,900

2,904 sqft · 0.17 AC lot

Fully occupied 3‑unit brick property provides immediate rental income.
Prime location directly across from Hagerstown City Park offers desirable views and access to recreation.
Proximity to the new multi‑sports stadium (3 blocks away) promises future growth and increased property value.
Tenants pay their own heating and utilities, maximizing investor returns.
Off‑street parking with rear alley access provides convenience for tenants.

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This listing looks promising.

Here's a quick look at some key insights for

428 VIRGINIA Avenue, HAGERSTOWN, MD 21740

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Est. Cap Rate

7.9%
Above avg (5.9%)
Est. NOI

$30K
Annual
Price @ 7% Cap

$435K
Above asking
Property Type

Single Family Residence
Built 1900

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Updated: Jun 19

Six-Unit Apartment Building

629 OAK HILL Avenue, Hagerstown, MD 21740

$1,175,000

8,319 sqft · 0.52 AC lot

6‑unit multifamily in Hagerstown’s Historic North End built in 1918 with Colonial‑style architecture
Each unit is a 2BR/1BA with approximately eight rooms, including kitchen, dining room, living room, den, sunroom, private porch, and storage
Historic interior features include original woodwork, French doors, abundant windows, covered porches, and a fireplace feature in each apartment
Each unit has its own HVAC system; central air with electric and heat pump heating
Off‑street parking plus a detached 4‑car garage that can support additional income potential

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HAGERSTOWN Redevelopment Opportunity

72 W WASHINGTON Street, Hagerstown, MD 21740

$2,490,000

34,720 sqft · 0.23 AC lot

Downtown commercial building with adaptive reuse potential in Hagerstown, MD.

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HAGERSTOWN Multifamily Investment Opportunity

601 HIGHLAND Way, Hagerstown, MD 21740

$625,000

6,568 sqft · 0.45 AC lot

Fully rented five-unit property near City Park in HAGERSTOWN, MD.

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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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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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HAGERSTOWN Multifamily Investment Opportunity

671 HIGHLAND Way, Hagerstown, MD 21740

$574,900

4,666 sqft · 0.58 AC lot

Five-unit property near Hagerstown City Park, fully rented.

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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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Single-Story Four-Unit Apartment

817 & 819 DALE Street, Hagerstown, MD 21740

$329,900

2,344 sqft · 0.11 AC lot

Fully occupied four-unit building with separate electric meters, off-street parking, and professionally managed operations.

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5-Unit Multi-Family Building with Parking

16 S MULBERRY Street, Hagerstown, MD 21740

$550,000

4,316 sqft · 0.17 AC lot

Well-maintained five-unit building offering four one-bedroom units and one two-bedroom unit plus an office/den.

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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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Duplex with Roof Replaced 2025

630 SALEM Avenue, Hagerstown, MD 21740

$220,000

1,498 sqft · 0.06 AC lot

Well-maintained duplex with two 1-bedroom units and updated roofing, plus driveway parking for up to four vehicles.

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Colonial Duplex with Three-Bed Unit

836 HAMILTON Boulevard, Hagerstown, MD 21742

$434,900

1,624 sqft · 0.07 AC lot

Well-maintained Colonial duplex sold as two sides with separate gas and individual electric meters.

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Hagerstown Triplex: Fully Rented Income

616 W FRANKLIN Street, Hagerstown, MD 21740

$329,900

2,715 sqft · 0.08 AC lot

Fully rented triplex generating $3,175 monthly income in Hagerstown.

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Colonial Duplex Income Property

838 HAMILTON Boulevard, Hagerstown, MD 21742

$434,900

1,626 sqft · 0.07 AC lot

Well-maintained Colonial duplex with two separately metered sides and fully rented one- and three-bedroom units.

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HAGERSTOWN Multifamily Investment Opportunity

601-603 N MULBERRY Street, Hagerstown, MD 21740

$389,900

5,580 sqft · 0.12 AC lot

Four-unit residential property with potential for two additional units.

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Brick Live-Work Duplex Opportunity

228 E WASHINGTON Street, Hagerstown, MD 21740

$275,000

2,048 sqft · 0.15 AC lot

Solid brick over-under duplex with a commercial lower unit and three-bedroom upper residence, plus fenced yard.

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Hagerstown Multi-Family Investment Opportunity

422-422 1/2 MCDOWELL Avenue, Hagerstown, MD 21740

$250,000

2,688 sqft · 0.12 AC lot

Multi-family property in Hagerstown, MD with renovation potential.

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Twin Semi-Detached Duplex with Parking

813-815 W WASHINGTON, Hagerstown, MD 21740

$305,000

0.20 AC lot

Two attached units with off-street parking and included appliances, well suited for owner-occupancy or rental use.

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HAGERSTOWN Multifamily Investment Opportunity

141 S MULBERRY Street, Hagerstown, MD 21740

$224,995

2,112 sqft · 0.07 AC lot

Fully occupied duplex generating income with upside potential in Hagerstown.

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End-of-Row Duplex with Outdoor Space

422 N LOCUST ST, Hagerstown, MD 21740

$284,990

0.06 AC lot

Two-unit duplex currently occupied by long-term tenants, with off-street parking, a backyard, and a rear deck.

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Well-Maintained Duplex with Rental Income

407-409 MCDOWELL Avenue, Hagerstown, MD 21740

$299,000

2,588 sqft · 0.16 AC lot

Duplex with rental income and potential for rent growth.

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Hagerstown Four-Unit Multifamily Building

25 S LOCUST Street, Hagerstown, MD 21740

$445,000

3,548 sqft · 0.12 AC lot

Four-unit building in downtown Hagerstown with off-street parking.

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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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Hagerstown, MD Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Hagerstown, MD, showcased through 63 active listings on our real estate platform. These investment opportunities span a total of 243,326 square feet of properties for sale, with an estimated market value of $24,514,944.

Sale prices for multifamily properties in Hagerstown, MD start at $220,000, averaging $700,426, and reaching up to $3,300,000 — 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

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
21740	$775.4K
21742	$1.4M

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)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Washington County

Residential Income

Property Size Breakdown

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

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