

Alexander Investments
Lead-Free, County Located Income Property With No City Taxes
Marketing description
Rare Multi-Structure Investment | Two Single-Family Homes + Renovated 2-Unit Building | Lead-Free | No City Taxes
Exceptional opportunity to acquire a unique, income-producing property just outside the City of Hagerstown, offering significant advantages for long-term ownership. This multi-structure property includes two single-family homes, each approximately four bedrooms and two baths, plus a newly renovated residential building with two one-bedroom, one-bath apartments, all situated on approximately 0.46 acres with ample on-site parking and a double garage.
A major value driver is that the property is lead-free and located in the county, not the city. This means no City of Hagerstown taxes and no city rental license requirements, which translates to lower operating costs, fewer regulatory hurdles, and simpler management compared to in-city properties.
The two-unit apartment building has been extensively renovated and features new roof, windows, gutters, updated electric and plumbing, new drywall, new kitchens and baths, and luxury vinyl plank flooring throughout. The recent appraisal describes the renovations as essentially eliminating deferred maintenance upon completion.
The layout provides multiple income streams on one site, making it ideal for investors, portfolio buyers, or owner-occupants seeking flexibility, whether for extended family, workforce housing, or a live-in-one and rent-the-rest strategy. Easy access to Route 40 and I-70 supports strong rental demand while maintaining a more relaxed county setting.
This is a rare offering in the Hagerstown market combining multiple rentable structures, lead-free status, county location, and no city licensing, making it a compelling value play for serious buyers.
Call Roberto Gonzalez for additional information
Investment highlights
well-maintained
FHA eligible
No City Taxes
Lead Free
Convenient access to Route 40 and I-70
Ample on-site parking
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