Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1951
Sq.Footage
1,428
NO CITY TAXES – LEAD FREE- Rare Multi-Unit Investment Opportunity This FHA-eligible 4-unit property in Hagerstown is a rare chance to acquire three adjoining parcels deeded together, totaling nearly 1 acre (≈40,000 sq ft). The property includes four residential rental units plus a large 2-bay garage for added income potential, all with no city taxes. The layout features two detached single-family homes, each with 4 bedrooms and 2 baths, and a larger brick building containing two fully renovated 1-bedroom, 1-bath apartments. All structures are solid brick and block construction, built to last. The one-bedroom units were gutted and rebuilt with all new LVP flooring, drywall, doors, windows, fixtures, kitchens, and baths. Recent capital improvements across the property include new roofs, gutters, replacement windows, and updated plumbing and electrical systems. The nearly acre-sized footprint offers plenty of off-street parking and a convenient location near shopping, schools, restaurants, and commuter routes. This lead-free property is safer, easier to insure, and highly attractive to tenants. It is also FHA-eligible, making it perfect for an owner-occupant who can purchase with as little as 3.5% down. Live in one unit while rental income from the other three units plus the garage helps cover your mortgage. Whether you are a first-time buyer or an experienced investor, this property offers strong returns, long-term value, and flexibility rarely found in Washington County. With its combination of condition, income potential, multiple parcels, and no city taxes, this is truly a one-of-a-kind investment opportunity in the heart of Hagerstown.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Above Grade Finished Area
1428.0
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Off Street, Parking Lot
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.23
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Other
Price
-
Sales Price
$745,000
-
Tax Amount
2369.0
-
Sq. Footage
1, 428
-
Price/SqFt
$521
HOA
-
Association
No
School District
-
Elementary School
GREENBRIER
-
Middle School
BOONSBORO
-
High School
BOONSBORO SR
Property Features
-
Foundation Details
Permanent
-
Sewer
Shared Septic
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
GREENBRIER
Middle School
BOONSBORO
High School
BOONSBORO SR
Listing Courtesy of Roberto G. Gonzalez , RG Realty, Inc.
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AGENT
Herschel Miller
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