201-203 E WASHINGTON ST Active Save Request In-Person Tour Request Virtual Tour
Hagerstown,MD 21740
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,234 sqft
Price per Sqft $106
MLS Listing ID MDWA2027246
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,373
Tax Year 2024
Lot Size 3,000 Sqft
Acres 0.07
Property Sub-Type Mixed Use
Property Description
This exceptional five-unit building presents an outstanding opportunity for investors, offering a blend of residential and commercial spaces in a prime location within the City of Hagerstown. The property consists of four residential units and one commercial space, with 80% of the building fully renovated and move-in ready—an ideal asset for those looking to generate strong rental income with minimal upfront work.
The commercial space is approximately 800 sq. ft., making it ideal for retail, office, or service-based businesses, with a projected rent of $1,000 per month. The residential units include a rear one-bedroom, one-bath unit projected at $900 per month, a one-bedroom, one-bath unit at 2 S Mulberry projected at $1,000 per month, a top-floor two-bedroom, one-bath unit with a projected rent of $1,250 per month, and a bottom-floor two-bedroom, one-bath unit projected at $1,150 per month. With a potential gross rental income exceeding $5,300 per month, this property is a prime income-producing asset in a growing market.
The recent renovations have modernized the majority of the units while maintaining the historic charm of the building. Positioned in a high-demand rental area, this property benefits from its central location with easy access to public transportation, shopping, dining, and major roadways. Whether you're an investor looking for a turn-key opportunity or seeking a mixed-use building with income-generating potential, this property delivers a strong return on investment in an expanding rental market.
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2217003070
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Assumption,Bank Portfolio,Cash,Contract,Conventional
Listing Terms Assumption,Bank Portfolio,Cash,Contract,Conventional
Financing Assumption,Bank Portfolio,Cash,Contract,Conventional
Special Listing Condition Standard