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201-213 E WASHINGTON ST Hagerstown, MD 21740

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Josh Heller

J.R.Heller

josh@jrheller.com +1(717) 200-4148

UPDATED:

01/06/2025 01:19 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWA2026358

Originating Board BRIGHT

Year Built 1914

Tax Year 2025

Property Description

Incredible investment opportunity! This 9-unit portfolio, consisting of 8 residential units and 1 commercial space, spans across three separate buildings with three individual tax records(2217003070, 2217014269, 2217014250) in a prime downtown Hagerstown location. The portfolio has undergone extensive renovations, with over $500,000 in upgrades completed to bring all units up to code and ready to rent. Key improvements include electrical service upgrades, plumbing, structural repairs, and roof replacements in 2024. Additionally, 209 and 207 E Washington Street are being fitted with brand-new baseboard heating systems. 201 E Washington Street: A 5-unit property with 4 residential units and 1 commercial space. Several units underwent full gut rehabs, including new flooring, drywall, and paint. Electrical, plumbing, and HVAC systems have been updated, and the roof was repaired/replaced in 2024. 207 E Washington Street: This 3-bedroom, 1-bathroom duplex was fully renovated with new electrical wiring, plumbing, flooring, drywall, and a brand-new two-story deck. The kitchen and bathroom were completely updated, and the roof was repaired/replaced in 2024. Currently being outfitted with new baseboard heating. 209 E Washington Street: A 3-bedroom, 2-bathroom duplex that underwent a complete gut rehab. Improvements include updated electrical and plumbing, new flooring, drywall, and two newly installed bathrooms. The deck was repaired, and a second-floor exit was added. Roof/replaced in 2024. Currently being fitted with new baseboard heating. 211 E Washington Street: This 4-bedroom, 2-bathroom duplex received significant upgrades, including electrical service, new subflooring, drywall, and framing for an additional approved bedroom. Roof repaired/replaced in 2024. The property requires only finishing cosmetic touches to complete. 213 E Washington Street: A 4-bedroom, 1-bathroom duplex with essential upgrades completed, including electrical service and exterior cleanup. Roof repaired/replaced in 2024. This unit will not be fully finished and is being sold as-is. This portfolio offers substantial potential with its strategic location, extensive renovations, and flexible zoning for both residential and commercial use. With most units move-in ready and minimal cosmetic work required for completion, this is a rare opportunity to acquire a well-upgraded, high-income potential property in the heart of downtown Hagerstown.

Location

State MD

County Washington

Zoning M

Interior

Hot Water Natural Gas, Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Carpet, Hardwood, Luxury Vinyl Plank, Tile/Brick, Other, Wood, Vinyl

Inclusions See Disclosures

Equipment None

Heat Source Electric, Natural Gas

Exterior

Water Access N

Roof Type Rubber,Architectural Shingle

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 3 SEPARATE TAX RECORDS (LISTED BELOW)

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Bank Portfolio, Cash, Contract, Conventional, Exchange

Listing Terms Bank Portfolio, Cash, Contract, Conventional, Exchange

Financing Bank Portfolio,Cash,Contract,Conventional,Exchange

Special Listing Condition Standard

Listed by Tyler Austin Charles • Long & Foster Real Estate, Inc.

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Josh Heller

Owner | License ID: RS338767 / NMLS #2348781

+1(717) 200-4148

201-213 E WASHINGTON ST Hagerstown, MD 21740

Josh Heller

Key Details

Location

Interior

Exterior

Building

Schools

Others

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201-213 E WASHINGTON ST