1,610 SqFt
1,610 SqFt
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,610 sqft
Price per Sqft $270
MLS Listing ID MDWA2038866
Style Traditional
Abv Grd Liv Area 1,610
Year Built 1920
Annual Tax Amount $2,976
Tax Year 2025
Lot Size 5,640 Sqft
Acres 0.13
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
The duplex is fully occupied and currently generates $3,480 per month ($41,760 annually) in gross rental income. Unit 117 rents for $1,800/month and features 3 bedrooms, 1 full bath, and 1 half bath. Unit 119 rents for $1,680/month and offers 3 bedrooms and 1 full bath. Annual real estate taxes for all three parcels total approximately $6,816.
Both residences have been thoughtfully renovated while maintaining their classic charm. Improvements include refinished hardwood floors, fresh paint throughout, renovated kitchens with upgraded cabinetry and appliances, updated bathrooms, modern lighting, updated fixtures, and new electric central HVAC systems providing both heating and air conditioning in each unit. This is a significant advantage over many comparable rental properties in the area that still rely on older heating systems paired with window air conditioners. Each unit features spacious living and dining rooms, shared covered front and rear porches, separate basements, and access to a detached two-car garage located at the rear of the property.
What truly sets this property apart is the separately deeded lot at 113 Fairground Ave. Situated directly beside the duplex, this flat RMED-zoned parcel offers outstanding future potential. The seller has confirmed with the City that the lot is suitable for construction of a new single-family residence, although a duplex is not permitted. Buyers should verify all development plans with the City of Hagerstown. If you choose not to build immediately, the additional lot offers endless possibilities including expanded parking, a large vegetable garden, outdoor recreation space, storage, or simply holding for future appreciation.
Located in the heart of Hagerstown, the property provides convenient access to downtown restaurants and shopping, Hagerstown City Park, the Maryland Theatre, Hagerstown Premium Outlets, and I-70 and I-81 for easy commuting.
Whether you're adding to your rental portfolio, completing a 1031 exchange, or looking for an investment with both dependable income and long-term upside, opportunities like this are hard to find. Enjoy immediate cash flow from two renovated, tenant-occupied units today while owning a separately deeded buildable lot that creates additional value for tomorrow.
Location
State MD
County Washington
Zoning RMED
Rooms
Basement Connecting Stairway
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Wood
Fireplace N
Heat Source Electric
Exterior
Parking Features Garage - Rear Entry
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage Y
Private Pool No
Building
Lot Description Additional Lot(s), Level
Foundation Permanent
Above Ground Finished SqFt 1610
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2222000551
Ownership Fee Simple
SqFt Source 1610
Acceptable Financing Cash, Conventional, Exchange, Negotiable, Private
Listing Terms Cash, Conventional, Exchange, Negotiable, Private
Financing Cash,Conventional,Exchange,Negotiable,Private
Special Listing Condition Standard
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