401 S POTOMAC ST, Hagerstown, MD 21740
401 S POTOMAC ST, Hagerstown, MD 21740
401 S POTOMAC ST, Hagerstown, MD 21740
401 S POTOMAC ST, Hagerstown, MD 21740
401 S POTOMAC ST, Hagerstown, MD 21740
401 S POTOMAC ST, Hagerstown, MD 21740
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Hagan Realty

Hagan Realty

+1(866) 424-2601
Listed by Kari Shank • Samson Properties
$ 650,000
Est. payment | /mo

5,750 Sqft Lot

Save
$ 650,000
Est. payment | /mo
Save

5,750 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID MDWA2037366

Year Built 1900

Available Date 2026-06-13

Annual Tax Amount $6,312

Tax Year 2025

Lot Size 5,750 Sqft

Acres 0.13

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Excellent opportunity to add a well-maintained six-unit multifamily property to your investment portfolio. Each spacious unit offers 3 bedrooms, 1 full bath, a central living room, eat-in kitchen, and covered rear porch, with second and third-floor units also enjoying access to private front porches. The property has been consistently maintained and features recent exterior improvements including fresh paint and a new front entry door. A shared coin-operated laundry facility provides additional income potential, while the rear parking area offers off-street parking for approximately eight vehicles. Ideally situated in a prime Hagerstown location, the property offers easy access to public transportation, downtown amenities, schools, Meritus Park, shopping, dining, and major commuter routes. All units are separately metered for electricity, with tenants responsible for their own electric usage, including heating, hot water, appliances, and lighting. Water and sewer expenses are largely passed through to tenants based on occupancy. Five of the six units are currently rented on month-to-month agreements, providing a new owner with significant flexibility and immediate opportunity to increase rents toward market levels. Current ownership has maintained high occupancy while keeping rents below market, offering investors a rare opportunity to increase revenue without major renovations or repositioning. Current rents are below prevailing market rates for comparable three-bedroom units, creating substantial upside potential through future rent adjustments. Whether you're looking to expand an existing portfolio or acquire a turnkey asset with value-add potential, this fully occupied property offers strong cash flow, desirable unit sizes, and long-term investment appeal.

Location

State MD

County Washington

Zoning RMED

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 8.0

Water Access N

Accessibility None

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2203015351

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Hagan Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(866) 424-2601

info@haganrealty.com

20251 Century Blvd Suite 125, Germantown, MD, 20874

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401 S POTOMAC ST