Exceptional Investment Opportunity! Currently generating over $6,650 in monthly rental income with room to reach market rates, this fully-occupied, all-brick multi-family property near downtown Hagerstown is a solid asset for any portfolio. The building features six spacious units, approximately 700 sq ft each, with separate electric meters, making utilities tenant-responsible for simplified management. Constructed with a durable brick and masonry foundation and outfitted with new replacement windows for improved energy efficiency, generously-sized units designed to offer ample living space and privacy. Situated in a thriving, mixed-use neighborhood, the property is surrounded by a blend of residential and commercial establishments, appealing to both local and out-of-town investors who are actively revitalizing similar buildings in the area. Bonus Opportunity: Expand your investment with an additional six-unit property from the same seller, maximizing income potential in this high-demand area. Located at the entrance to Hagerstown’s arts and entertainment district, this turnkey property promises strong rental appeal and secure, long-term returns. Don’t miss this chance to acquire a low-maintenance, high-potential property in a prime location!
For sale
$675,000
505 W Church St, Hagerstown, MD 21740
10beds
--baths
3,556sqft
Est.:
Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$190/sqft
$-- HOA
What's special
New replacement windowsAll-brick multi-family propertyGenerously-sized unitsSpacious unitsSeparate electric meters
- 162 days
- on Zillow |
- 181 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: November 25, 2024 at 01:02am
Listed by:
Roberto Gonzalez 301-991-0207,
RG Realty, Inc. 240-203-6393
Source: Bright MLS,MLS#: MDWA2025614

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
Basement
- Area: 0
Heating
- Hot Water, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,556
- Total interior livable area: 3,556 sqft
Property
Parking
- Parking features: Off Street, Parking Lot, Other
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,200 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2225025695
- Zoning: RMED
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Permanent, Block
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Hagerstown
- Municipality: Hagerstown
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $245,700
- Annual tax amount: $4,710
- Date on market: 11/15/2024
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
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