Skip main navigation
For sale
  • $475,000

    246 N Locust St, Hagerstown, MD 21740

    5beds
    --baths
    4,523sqft
    : 
    Multi Family
    Built in 1914
    -- sqft lot
    $461,700 Zestimate®
    $105/sqft
    $-- HOA

    What's special

    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!
    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#: MDWA2027602MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 246 N Locust St.

    Next available tour time:Tomorrow at 11am

    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
    • Loading
    • Loading