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Heather R. Nahr

heathernahrrealestate@gmail.com +1(240) 620-3674

Listed by Michael Schiff • EXP Realty, LLC

$825,000

Est. payment - /mo

4,920 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWA2039932

Year Built 1957

Available Date 2026-09-12

Annual Tax Amount $8,445

Tax Year 2021

Lot Size 4,920 Sqft

Acres 0.11

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Ready to make the jump from single-family rentals into multifamily? Looking to add another income-producing asset to your existing portfolio? Or searching for a property that can support both your business operations and program housing under one roof? This unique mixed-use property in Hagerstown, MD offers 8 residential units and 4 commercial units across a substantial, versatile footprint. The residential component consists of eight 1BR units featuring spacious bedrooms, kitchens, full bathrooms, living areas, hardwood flooring, abundant natural light, and multiple exterior balconies. The four commercial units provide significant flexibility for a variety of potential uses, with existing space that includes offices, meeting and work areas, a large gym/recreation area as a unit, multiple kitchens and bathrooms, storage, laundry facilities, and expansive first-floor space. For the traditional investor, the property presents an opportunity to scale from single-family into multifamily or add a mixed-use asset with multiple income streams to an existing portfolio. For an owner-user or program operator, the combination of residential and commercial space creates the potential to house clients or program participants while supporting administrative offices, staff, recreation, meetings, services, and other operational needs within the same property. Conveniently located near Downtown Hagerstown with access to shopping, restaurants, services, and major area amenities. Potential market cap rate of 11–12% with projected ROI of 18–19%. Whether you're looking to scale your rental portfolio, expand your multifamily holdings, or establish a home for your organization and its housing needs, this property offers a rare combination of income potential, scale, and flexibility. All units will be delivered vacant at the time of settlement. Buyer to independently verify zoning, licensing, permitted uses, financial projections, and suitability for any intended use.

Location

State MD

County Washington

Zoning CG

Interior

Hot Water Electric

Heating Baseboard - Hot Water

Cooling None

Flooring Luxury Vinyl Plank, Hardwood

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility 32\"+ wide Doors

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2222016199

Ownership Fee Simple

Acceptable Financing Private, Cash, Conventional

Listing Terms Private, Cash, Conventional

Financing Private,Cash,Conventional

Special Listing Condition Standard

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Heather R. Nahr

+1(240) 620-3674

Agent License ID: MD-586044, PA-RSR005172

600 POTOMAC AVE Hagerstown, MD 21740

Heather R. Nahr

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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