Washington County, MD Multifamily Properties for Sale

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Updated: Mar 4

Hagerstown Triplex: Fully Rented Income

616 W FRANKLIN Street, Hagerstown, MD 21740

$329,900

2,715 sqft 0.08 AC lot

Fully rented triplex at 616 W Franklin Street generating $3,175/month gross rental income ($38,100 annually)
Three units, each with 2 bedrooms and 1 bathroom
Brick construction and Colonial architectural style
Utilities are tenant‑controlled: separate electric meters with baseboard heating in each unit
Parking for each unit includes private parking, plus off‑street and on‑street parking

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This listing looks promising.

Here's a quick look at some key insights for

616 W FRANKLIN Street, HAGERSTOWN, MD 21740

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Est. Cap Rate

8.6%
Above avg (5.9%)
Est. NOI

$28K
Annual
Price @ 7% Cap

$407K
Above asking
Property Type

Single Family Residence
Built 1895

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Updated: Jul 8

Five-Unit Apartment Building

671 HIGHLAND Way, Hagerstown, MD 21740

$574,900

4,666 sqft 0.58 AC lot

Brick Victorian/Colonial multi‑unit building with 5 fully rented units
9% cap rate reported; all leases are yearly except one month‑to‑month
Heating: hot water; cooling: window units
Parking: driveway
New rear steps being installed now

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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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Cash-Flowing Multi-Unit Property

5 N CONOCOCHEAGUE Street, Williamsport, MD 21795

$699,000

6,006 sqft 0.05 AC lot

Multi-unit property with retail space and residential units.

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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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Six-Unit Apartment Building

629 OAK HILL Avenue, Hagerstown, MD 21740

$1,175,000

8,319 sqft 0.52 AC lot

Restored historic six-unit property with oversized two-bedroom layouts, individual HVAC, off-street parking, and on-site laundry.

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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 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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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 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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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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Downtown Multifamily Investment Opportunity

220-226 Summit Ave, Hagerstown, MD 21740

$2,100,000

7,080 sqft

Two adjoining apartment buildings with 20 units in downtown Hagerstown.

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Four-Unit Single-Story Apartment

817 DALE Street, Hagerstown, MD 21740

$329,900

2,344 sqft 0.11 AC lot

Fully occupied four-unit apartment with separate electric meters and off-street parking for four vehicles.

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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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Turn-Key Mixed-Use Investment Opportunity

117 E Antietam St, Hagerstown, MD 21740

$740,000

8,388 sqft

Fully occupied six-unit building with stable cash flow.

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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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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 Duplex Investment Opportunity

904-906 Chestnut Street, Hagerstown, MD 21740

$284,900

1,724 sqft

Fully rented duplex with value-add potential in a prime location.

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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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Fully Rented 5-Unit Building

16 S MULBERRY St, Hagerstown, MD 21740

$550,000

0.17 AC lot

Turnkey investment property with value-add potential in Hagerstown, MD.

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Hagerstown Multifamily Investment Opportunity

311 SUMMIT Ave, Hagerstown, MD 21740

$599,900

0.15 AC lot

Six-unit apartment building near City Park, generating positive cash flow.

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Fully Occupied Triplex

202 E CHAPLINE Street, Sharpsburg, MD 21782

$374,995

2,122 sqft 0.14 AC lot

Three rented units generate stated gross income for an immediate rental-payor setup in Sharpsburg, Maryland.

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Renovated Four-Unit Multifamily Property

39 E NORTH Ave, Hagerstown, MD 21740

$465,000

0.23 AC lot

Well-maintained, renovated four-unit property with strong rental history.

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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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Washington County, MD Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Washington County, MD, showcased through 62 active listings on our real estate platform. These investment opportunities span a total of 178,544 square feet of properties for sale, with an estimated market value of $20,300,790.

Sale prices for multifamily properties in Washington County, MD start at $220,000, averaging $676,693, 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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