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Marjorie Dick Stuart

  • Cell 240-731-8079
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246 N Locust St N, HAGERSTOWN, MD – $475,000

  • $475k Price
  • 4,523 Sqft
  • .08 Acres
  • 96 DOM
  • $475k Price
  • 4,523 Sqft
  • .08 Acres
  • 96 DOM

246 N Locust St N

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!

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Essential Information

  • MLS® #MDWA2027602
  • Price$475,000
  • Bathrooms0.00
  • Square Footage4,523
  • Acres0.08
  • Year Built1914
  • TypeMulti-Family
  • Sub-TypeOther, Other
  • StyleOther
  • StatusActive

Community Information

  • Address246 N Locust St N
  • SubdivisionDOWNTOWN HAGERSTOWN
  • CityHAGERSTOWN
  • CountyWASHINGTON-MD
  • StateMD
  • MunicipalityHagerstown
  • Zip Code21740

Amenities

  • ParkingFree

Interior

  • HeatingBaseboard - Electric
  • CoolingCeiling Fan(s)

Exterior

  • ExteriorBrick and Siding

School Information

District

WASHINGTON COUNTY PUBLIC SCHOOLS

Additional Information

  • Date ListedMarch 18th, 2025
  • Days on Market96
  • ZoningRMED

Listing Details

  • OfficeRG Realty, Inc.
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Listing information last updated on June 21st, 2025 at 10:15pm CDT.