1301 Virginia Avenue Hagerstown, MD ^$ 550,000

1301 Virginia Avenue

^$ 550,000

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Recently Listed

1301 Virginia Avenue

Hagerstown, MD, 21740

^$ 550,000

Bedrooms4 Baths0.0

Monthly Estimate*

^$ 3,431

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Multi-Family Home for sale in Hagerstown, MD

for $550,000 with 4 bedrooms. This home was built in 1927 on a lot size of 0.31.

Great Investment Opportunity 5-Unit Multi-Building Fully rented and cash-flowing. 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.

Multi-Family Active

Price

^$ 550,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 3,426

Style

Victorian

Lot Size

0.31

Year Built

1927

Town/City

Hagerstown

County/Region

Washington

MLS | Web ID

MDWA2031564

Features

General

Living Area 3720

Sewer Public Sewer

Heating Hot Water

Cooling Window Unit(s) Ceiling Fan(s)

Possession Settlement

Zoning RU

Architectural Style Victorian

Construction Materials Block

School District WASHINGTON COUNTY PUBLIC SCHOOLS

Year Built 1927

Property Subtype Other

Tax Year 2024

Ownership Fee Simple

Cool Fuel Electric

Gross Income 63900.00

Accessibility None

County WASHINGTON

Net Operating Income 49130.00

Operating Expense 11233.00

New Construction N

Property Type Multi-Family

Garage Y/N N

Water Access Y/N N

Other Structures Above Grade Below Grade

Status ACTIVE

Directions From I-81 take Williamsport Exit. Proceed to Virginia Avenue

City HAGERSTOWN

Number Of Units Total 4

Lot Size Units Square Feet

Lot Size Square Feet 13500.00

Number of Units Leased 5

Tax Annual Amount 3426.0

Home Warranty Y/N N

Two Bedroom 0

Structure Type Detached

Price Per Sq Ft Total AG 147.85

Rent Control Y/N N

Vacation Rental Y/N N

Lease Type Yearly Month to Month

Standard Status Active

Year Built Source Estimated

Tax Lot 24

Cap Rate 10.65

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Total Stories 4

Furnished Units None

Heating Y/N Y

Fireplace Y/N N

Central Air Y/N N

Exterior

Pool No Pool

Water Source Public

Type of Parking Parking Lot On Street

Foundation Details Block

Water View Y/N N

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

Internal Only

Street Number 1 1301

* Excluded Features

List By

Keller Williams Realty Centre

Broker

rob@kropteam.com

Affordability Calculator

$3,717

Per Month

Monthly Principal & Interest: $3,431
Monthly Property Taxes: $286
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Hagerstown, MD

Average List Price ^$449,302

Percent of Sale Price 18%

About Hagerstown, MD

41,204 Population

8% Since 2002

^$41,616 Median Income

37.73 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3533158 Elementary School

3533423 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/10/2025	$550,000		Listed Price

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1301 Virginia Avenue, Hagerstown, MD, 21740 is a Multi-Family Home for sale at $550,000 with a lot size of 0.31. 1301 Virginia Avenue has 4 bedrooms, 0.0 baths, and was built in 1927. The property's zip code is 21740 which is in Hagerstown, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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1301 Virginia Avenue

Multi-Family Home for sale in Hagerstown, MD

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