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1301 Virginia Avenue Hagerstown, MD $ 550,000
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$ 550,000 Get more info
1301 Virginia Avenue
$ 550,000
Back to search
Share Save

1301 Virginia Avenue

Hagerstown, MD, 21740
$ 550,000
Bedrooms-- Baths-- Sq 3,720

Monthly Estimate*

$ 3,431

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Commercial Property for sale in Hagerstown, MD

for $550,000. This 3,720 square foot building was built in 1927 on a lot size of 0.31.

Great Investment Opportunity 5-Unit Multi-Building Fully rented and cash-flowing, this 5-unit property is the perfect addition to any investors portfolio. The building has been well-maintained with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units. Inside, youll find hardwood floors throughout and updated finishes that keep the units attractive to tenants. Outside, the property offers ample on-site parking which is a rare find that adds to the appeal. On top of strong current income, theres plenty of room to add value and increase revenue with additional features: 4 garages that can be rented separately, Storage space for tenants or outside rentals, and Coin-operated laundry for steady extra income. This is a turn-key investment with upside potential in a sought-after rental market.

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Commercial Active

Price

$ 550,000

Property Type

Commercial

Taxes

$ 3,426

Style

Apartment Building

Lot Size

0.31

Year Built

1927

Town/City

Hagerstown

County/Region

Washington

MLS | Web ID

MDWA2031570
Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
Total Restrooms 5
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General
Sewer Public Sewer
Heating Hot Water
Cooling Window Unit(s) Ceiling Fan(s)
Possession Settlement
Zoning RU
Construction Materials Block
Year Built 1927
Property Subtype Five Or More Units
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Gross Income 63900.00
Business Type Apartment Building
Accessibility None
County WASHINGTON
Net Operating Income 49129.96
Operating Expense 11233.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions From I-81 take the Williamsport Exit to Virginia Avenue
City HAGERSTOWN
Number Of Units Total 5
Lot Size Units Square Feet
Lot Size Square Feet 13500.00
Tax Annual Amount 3426.0
Price Per Sq Ft Total AG 147.85
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 24
Total Actual Rent 63900.00
Cap Rate 10.65
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Exterior
Parking Features Paved Parking
Water Source Public
Type of Parking Parking Lot On Street Private Garage
Foundation Details Block
Water View Y/N N
Building Area Total 3720.00
Lot Size Acres 0.31
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 100000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1301
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* Excluded Features
List By
Keller Williams Realty Centre

Broker

rob@kropteam.com

Email

Affordability Calculator

$3,717
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
$286
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/28/2025$550,000 -8.33% Price Down
9/17/2025$600,000 Listed Price

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1301 Virginia Avenue, Hagerstown, MD, 21740 is a Commercial Property for sale at $550,000 with 3,720 sqft and a lot size of 0.31. 1301 Virginia Avenue was built in 1927. The property's zip code is 21740 which is in Hagerstown, MD

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