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 completed—no 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. Don’t Miss Out! Schedule a tour today and secure your place in one of Hagerstown’s fastest-growing markets!
For sale
$475,000
246 N Locust St, Hagerstown, MD 21740
5beds
--baths
4,523sqft
Est.:
Multi Family
Built in 1914
-- sqft lot
$461,700 Zestimate®
$105/sqft
$-- HOA
What's special
- 39 days
- on Zillow |
- 188 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: March 18, 2025 at 05:03am
Listed by:
Roberto Gonzalez 301-991-0207,
RG Realty, Inc. 240-203-6393
Source: Bright MLS,MLS#: MDWA2027602

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Combination Kitchen/Dining
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,523
- Total interior livable area: 4,523 sqft
Property
Parking
- Parking features: Free, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,280 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2222012894
- Zoning: RMED
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Downtown Hagerstown
Location
- Region: Hagerstown
- Municipality: Hagerstown
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $237,500
- Annual tax amount: $4,553
- Date on market: 3/18/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
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