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400 Mitchell Avenue Hagerstown, MD $ 899,000
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$ 899,000 Get more info
400 Mitchell Avenue
$ 899,000
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400 Mitchell Avenue

Hagerstown, MD, 21740
$ 899,000
Bedrooms-- Baths-- Sq 8,628

Monthly Estimate*

$ 6,209

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Commercial Property for sale in Hagerstown, MD

for $899,000. This 8,628 square foot building was built in 1929 on a lot size of 0.12.

Strong cash-flow opportunity in Hagerstown: an 8-unit all-brick multifamily generating approximately $102,600 in annual income. This purpose-built corner building features eight 2-bedroom, 1-bathroom apartments, each offering a practical layout with rear balcony and dual entrances. Durable brick construction keeps exterior maintenance low, while the consistent unit mix simplifies management and leasing. Conveniently located just off Burhans Boulevard with easy access to shopping, restaurants, public transportation, and major highways. A solid income-producing asset ideal for investors looking to expand an existing portfolio or enter the multifamily market.

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Commercial Active

Price

$ 899,000

Property Type

Commercial

Taxes

$ 13,736

Style

Apartment Building

Lot Size

0.12

Year Built

1929

Town/City

Hagerstown

County/Region

Washington

MLS | Web ID

MDWA2040964
Features
Interior
Heating Fuel Electric
Flooring Hardwood Vinyl Laminated
Hot Water Electric
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Total Restrooms 8
Number of Elevators 0
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Possession Settlement
Roof Shingle Rubber
Zoning RMED
Security Features Smoke Detector
Construction Materials Brick
Exclusions All tenant owned personal property
Year Built 1929
Property Subtype Five Or More Units
Tax Year 2026
Ownership Fee Simple
Cool Fuel None
Municipality Hagerstown
Business Type Apartment Building
Accessibility 2+ Access Exits
County WASHINGTON
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions From I-81 take Exit 7A (Salem Avenue / MD 58 East) toward Hagerstown. Continue on Salem Avenue about 1 mile. Turn left onto Mitchell Avenue. The property is on the left at the corner of Mitchell Aven
City HAGERSTOWN
Number Of Units Total 8
Lot Size Units Square Feet
Lot Size Square Feet 5322.00
Tax Annual Amount 13736.0
Price Per Sq Ft Total AG 104.2
Acceptable Financing Conventional Cash Private Other
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Total Actual Rent 102600.00
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Exterior
Water Source Public
Inclusions All landlord-owned appliances
Type of Parking On Street
Foundation Details Permanent
Water View Y/N N
Building Area Total 8628.00
Lot Size Acres 0.12
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 40300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 400
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* Excluded Features
List By
Inch & Co. Real Estate, Llc

Broker

bbygall@inchandco.com

Email

Affordability Calculator

$7,354
Per Month
84%
16%
0%
Monthly Principal & Interest
$6,209
Monthly Property Taxes
$1,145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/28/2026$899,000 Listed Price

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400 Mitchell Avenue, Hagerstown, MD, 21740 is a Commercial Property for sale at $899,000 with 8,628 sqft and a lot size of 0.12. 400 Mitchell Avenue was built in 1929. The property's zip code is 21740 which is in Hagerstown, MD

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