201-213 E Washington Street
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201-213 E Washington Street
3 Multifamily Properties Offered at $1,867,384 CAD in Hagerstown, MD
Investment Highlights
- Downtown Location
- Great Rental Opportunity
Executive Summary
Incredible investment opportunity! This 9-unit portfolio, consisting of 8 residential units and 1 commercial space, spans across three separate buildings with three individual tax records(2217003070, 2217014269, 2217014250) in a prime downtown Hagerstown location. The portfolio has undergone extensive renovations, with over $500,000 in upgrades completed to bring all units up to code and ready to rent. Key improvements include electrical service upgrades, plumbing, structural repairs, and roof replacements in 2024. Additionally, 209 and 207 E Washington Street are being fitted with brand-new baseboard heating systems. 201 E Washington Street: A 5-unit property with 4 residential units and 1 commercial space. Several units underwent full gut rehabs, including new flooring, drywall, and paint. Electrical, plumbing, and HVAC systems have been updated, and the roof was repaired/replaced in 2024. 207 E Washington Street: This 3-bedroom, 1-bathroom duplex was fully renovated with new electrical wiring, plumbing, flooring, drywall, and a brand-new two-story deck. The kitchen and bathroom were completely updated, and the roof was repaired/replaced in 2024. Currently being outfitted with new baseboard heating. 209 E Washington Street: A 3-bedroom, 2-bathroom duplex that underwent a complete gut rehab. Improvements include updated electrical and plumbing, new flooring, drywall, and two newly installed bathrooms. The deck was repaired, and a second-floor exit was added. Roof/replaced in 2024. Currently being fitted with new baseboard heating. 211 E Washington Street: This 4-bedroom, 2-bathroom duplex received significant upgrades, including electrical service, new subflooring, drywall, and framing for an additional approved bedroom. Roof repaired/replaced in 2024. The property requires only finishing cosmetic touches to complete. 213 E Washington Street: A 4-bedroom, 1-bathroom duplex with essential upgrades completed, including electrical service and exterior cleanup. Roof repaired/replaced in 2024. This unit will not be fully finished and is being sold as-is. This portfolio offers substantial potential with its strategic location, extensive renovations, and flexible zoning for both residential and commercial use. With most units move-in ready and minimal cosmetic work required for completion, this is a rare opportunity to acquire a well-upgraded, high-income potential property in the heart of downtown Hagerstown.
Property Facts
| Price | $1,867,384 CAD | Number of Properties | 3 |
| Price / SF | $193.03 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 9,674 SF |
| Status | Active | Total Land Area | 0.18 AC |
| Price | $1,867,384 CAD |
| Price / SF | $193.03 CAD / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,674 SF |
| Total Land Area | 0.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 201-203 E Washington St, Hagerstown, MD 21740 | Multifamily | 4,234 SF | 1900 | - |
| 211-213 E Washington St, Hagerstown, MD 21740 | Multifamily | 3,232 SF | 1900 | - |
| 207-209 E Washington st, Hagerstown, MD 21740 | Multifamily | 2,208 SF | 1900 | - |
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201-213 E Washington Street
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