Property
Hagerstown, MD 21740 246 N Locust Street N
$475,000



2 more



Presented By: RG Realty, Inc.
Disclaimer: The information contained in this listing has not been verified by Jhony Leyva | Your Local REALTOR® and should be verified by the buyer.
Home Details
Priced to Sell! Incredible Value-Add Opportunity!
Exceptional investment opportunity in the rapidly growing Hagerstown market! This fully occupied, lead-free 5-unit multifamily property spans 3,280 sq ft and features five one-bedroom, one-bath units with a strong rental history. HUGE VALUE-ADD POTENTIAL Current rents are below market, offering immediate upside through rent increases to align with market rates! The building is in fantastic condition with recent upgrades already completedno additional expenses required. VERY LOW EXPENSES keep operating costs down and maximize profitability. Each unit has separate utilities, and a shared laundry room provides additional income potential.
With stable tenants, very low expenses, and steady cash flow, this property offers a reliable and high-upside investment. The seller is also offering a duplex in Hagerstown, which can be purchased individually or as part of a package for even greater returns.
Dont Miss Out! Schedule a tour today and secure your place in one of Hagerstowns fastest-growing markets!
Presented By: RG Realty, Inc.
Interior Features for 246 N Locust Street N
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Basement (Y/N)No
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesCombination Kitchen/Dining
General for 246 N Locust Street N
AccessibilityNone
Architectural StyleOther
CityHAGERSTOWN
Construction MaterialsBrick
Cool FuelElectric
CoolingCeiling Fan(s)
CountyWASHINGTON
DirectionsGPS
Garage Y/NNo
HeatingBaseboard - Electric
Historic Y/NNo
Lot Size Square Feet3280.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-03-18T12:03:44
MunicipalityHagerstown
New ConstructionNo
Number Of Units Total4
One Bedroom Units Count5
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG105.02
Property SubtypeOther
Property TypeMulti-Family
School DistrictWASHINGTON COUNTY PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeOther
Subdivision NameDOWNTOWN HAGERSTOWN
Tax Annual Amount4553.0
Tax Assessed Value237500.0
Tax Year2024
Total SQFT4523
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1914
Year Built SourceAssessor
ZoningRMED
Exterior for 246 N Locust Street N
Land Assessed Value40000.00
Land Use CodeM
Lot Size Acres0.08
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesFree
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History

Jhony Leyva
Realtor
Similar Properties to 246 N Locust Street N
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