39 E NORTH AVE Hagerstown MD 21740

New Listing, All Brick Duplex featuring two large 1,470 sq ft units, each offering 3 bedrooms and 1 full bath. Beautifully restored and renovated, this property showcases hardwood floors throughout, chestnut woodwork, pocket doors, and a custom paint scheme with refinished trim. Each side includes a remodeled kitchen with hickory cabinets, appliances, and washer/dryer hookup (separate main level laundry area). The renovated period style baths feature a claw foot tub with polished nickel hardware, plus updated fixtures including a rain shower head. Major upgrades include new central air, a newer furnace, UV filtered replacement windows to help reduce utility costs, and ceiling fans in every room. Enjoy the rear yard with upper and lower porches, plus ample parking with off-street parking and an impressive 12-car garage/shed units located at the rear of the property, ideal for storage or additional rental income potential. Located just a short walk to 85-acre Fairground Park, with convenient access to major interstates. Buyer to verify schools.

Fully Renovated and Stabilized 8-Unit Apartment Building in Prime Broadway Location

Located at 25 Broadway, this fully renovated, fully leased 8-unit apartment building offers a rare opportunity to acquire a stabilized, turn-key asset in one of Hagerstown’s most desirable residential corridors.​ The property was completely renovated in 2025 and is currently performing with strong occupancy and tenant demand.​

The building blends modern finishes with historic charm, providing residents with comfortable, updated living spaces while preserving the character of this sought-after, tree-lined street.​ Controlled and secure access enhances resident safety and peace of mind, while on-site laundry facilities add everyday convenience that supports long-term tenancy.​

In addition to the eight residential units, the property includes six garage units and a separate storage building, creating additional functionality and appeal.​ There is also ample on-site parking, a valuable feature in this location.​

Situated on picturesque Broadway Street, the property enjoys a quiet, welcoming setting while remaining within walking distance of downtown Hagerstown.​ Residents have easy access to restaurants, shops, entertainment, and cultural amenities, including the Maryland Theatre and the new minor league baseball stadium and events center, both of which continue to drive revitalization and demand in the area.​

Overall, 25 Broadway represents a high-quality, stabilized multifamily investment offering immediate cash flow, recent comprehensive renovations, and a prime location that supports long-term appreciation.​ This is an ideal asset for investors seeking a low-maintenance property in one of Hagerstown’s most established and attractive neighborhoods.​

• Fully renovated 8-unit apartment building, completed in 2025
• 100% leased, stabilized, and performing asset
• Six garage units plus a separate storage building included
• Ample on-site parking, a rare feature for this location
• Secure, controlled access building providing added resident safety
• On-site laundry facilities supporting long-term tenancy
• Attractive unit layouts combining modern updates with historic charm
• Located on sought-after, tree-lined Broadway Street
• Walking distance to downtown Hagerstown, restaurants, shops, and entertainment
• Close proximity to the Maryland Theatre and new minor league baseball stadium and events center
• True turn-key investment with minimal deferred maintenance

🔥 Priced to Sell! Incredible Value-Add Opportunity! 🔥

Exceptional investment opportunity in the rapidly growing Hagerstown market! This fully occupied, lead-free 5-unit multifamily property spans 3,280 sq ft and features five one-bedroom, one-bath units with a strong rental history and an impressive 8% cap rate.

💰 HUGE VALUE-ADD POTENTIAL — Current rents are below market, offering immediate upside through rent increases to align with market rates! The building is in fantastic condition with recent upgrades already completed—no additional expenses required. VERY LOW EXPENSES keep operating costs down and maximize profitability. Each unit has separate utilities, and a shared laundry room provides additional income potential.

With stable tenants, very low expenses, and steady cash flow, this property offers a reliable and high-upside investment. The seller is also offering a duplex in Hagerstown, which can be purchased individually or as part of a package for even greater returns.

📢 Don’t Miss Out! Schedule a tour today and secure your place in one of Hagerstown’s fastest-growing markets!

TURNKEY INVESTMENT WITH IMMEDIATE UPSIDE

This fully occupied, lead-free 5-unit multifamily property is a rare find in the thriving Hagerstown market. Offering a strong rental history and steady cash flow, this property is already in fantastic condition with recent upgrades—NO additional expenses required!

✅ VALUE-ADD OPPORTUNITY – Current rents are well below market, presenting an immediate opportunity to increase cash flow through rent adjustments to market rates.
✅ Separate Utilities – Each unit has its own utility setup, maximizing convenience and profitability.
✅ Additional Income Potential – On-site shared laundry room generates extra income and tenant convenience.
✅ Low Maintenance – Recent upgrades mean minimal upkeep costs.

INVESTMENT FLEXIBILITY

The seller is also offering a duplex in Hagerstown, which can be purchased individually or bundled with this property for even greater investment potential.

PRIME LOCATION IN A FAST-GROWING MARKET

Situated in one of the fastest-growing areas of Hagerstown, this property benefits from:
✨ High tenant demand
✨ Convenient access to shopping, dining, and major transit routes
✨ Stable, long-term tenant base

This prestigious three-story, all-brick corner building is located in the quiet suburban North End of Hagerstown's Historic District. Currently in excellent condition and meticulously well-maintained, this investment property fully complies with the city of Hagerstown's office of code compliance standards and lead paint laws enforced by the Maryland Department of the Environment (MDE). All lead inspections and certificates are up to date. The building features six oversized units: four one-bedroom units, one large two-bedroom unit, and one efficiency apartment. Most units have been thoughtfully updated within the past five years, with spacious, well-designed interiors that make for comfortable living. Each unit is separately metered for electric and hot water. With current rents considered low for the location, size, and condition of the units, there is potential for a new owner to raise rents without making additional improvements. This opportunity adds to the property's appeal as a sound investment.