100 EAST AVE, Hagerstown, MD 21740
100 EAST AVE, Hagerstown, MD 21740
100 EAST AVE, Hagerstown, MD 21740
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Joseph Asterino

Joseph Asterino

+1(484) 955-6711
Listed by Michael Schiff • EXP Realty, LLC
$650,000
Est. payment /mo
3,200 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWA2039934

Year Built 1905

Available Date 2026-09-12

Annual Tax Amount $4,819

Tax Year 2021

Lot Size 3,200 Sqft

Acres 0.07

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Looking to make the move from single-family rentals into multifamily? Want to add another multifamily asset to your existing portfolio? Or searching for a property that could support your residential care, housing, or program-based operation? This unique Hagerstown multifamily property offers 9 potential 1BR/1BA residential units across five addresses and is currently configured and operated as program housing. The existing layout provides an excellent foundation for an investor looking to reposition the property for traditional multifamily use. Individual spaces feature one-bedroom layouts with private bathrooms, kitchens or kitchen areas, living space, abundant natural light, and a mix of hardwood and tile flooring. The property also includes multiple laundry areas, office space, storage, and infrastructure currently supporting the residential care operation. For the investor ready to graduate from single-family rentals into multifamily, this property offers the opportunity to acquire multiple potential rental units within one asset. For the experienced multifamily owner, it provides another opportunity to add scale and potential cash flow to an existing portfolio. For a residential care or program-housing operator, the property's existing configuration may provide an opportunity to establish or expand operations in a building already designed around residential care, subject to all applicable zoning and licensing requirements. Potential cap rate of 10–11% with projected annual ROI of 14–15%. Whether your strategy is traditional multifamily, repositioning, or an operational housing model, this property offers a unique opportunity to acquire a substantial asset with multiple paths to value creation. All units will be delivered vacant at the time of settlement. Buyer to independently verify zoning, licensing, permitted uses, financial projections, and suitability for any intended use.

Location

State MD

County Washington

Zoning RMED

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling None

Flooring Hardwood, Laminated, Carpet

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2222016180

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

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Bright MLS (BMLS)

Nearby School & Business

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Joseph Asterino

Joseph Asterino

+1(484) 955-6711

Broker Associate License ID: AB066344

Broker Associate License ID: AB066344

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