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For sale
  • $675,000

    500 Salem Ave, Hagerstown, MD 21740

    6beds
    --baths
    9,165sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $653,200 Zestimate®
    $74/sqft
    $-- HOA

    What's special

    Turnkey Investment – Real Estate & Business with On/Off class D Liquor License! Discover a true value-add investment with Harman’s Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers EIGHT TOTAL UNITS, including retail space and spacious apartments – all currently occupied by long-term tenants. Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation. Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find. 📞 Schedule your private tour today!
    22 days
    on Zillow
    |
    232
    |
    9
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 09, 2025 at 04:23am

    Listed by:

    Roberto Gonzalez 301-991-0207,

    RG Realty, Inc. 240-203-6393

    Source: Bright MLS,MLS#: MDWA2030002MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 500 Salem Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Basement
    • Area: 0
    Heating
    • Baseboard, Electric
    Cooling
    • None, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 9,165
    • Total interior livable area: 9,165 sqft

    Property

    Parking
    • Parking features: On Street, Driveway
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 0.26 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2225009894
    • Zoning: RMED
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Block, Brick
    • Foundation: Brick/Mortar
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Hagerstown
    • Municipality: Hagerstown

    Financial & listing details

    • Price per square foot: $74/sqft
    • Tax assessed value: $273,100
    • Annual tax amount: $5,235
    • Date on market: 7/9/2025
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
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