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39 E NORTH AVE Hagerstown MD 21740

[Locked] • APN ROW

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Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Building SqFt 3,703
Lot SqFt 1,012,567
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Year Built 1900
Building Count 19
Opportunity Zone Yes
Sold Price per Acre ******
Owner Name Mottola Enterprises LLC
APN ROW
USPS Vacancy Indicator N
Latitude 39.645841

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description

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.

Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Asking Details
Asking Price
$895,000
Asking Cap Rate
8%
Price/Sq Ft
$247.24
Price/Unit
$111,875
Marketing Description


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.​

Investment Highlights

• 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

Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description

🔥 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.

Investment Highlights

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

Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description


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.


Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
For Sale
Property Type
Property Type
Multifamily, Mixed Use
Property Subtype
Apartment Building
Marketing Description
Solid investment with this all brick Mix-use apartment building, 4 units, fully occupied with steady income. The building is currently in great condition. This investment property complies with the standard requirements with the city of Hagerstown's office of code compliance and lead paint laws enforced by the Maryland Department of the Environment (MDE) all lead inspections and certificates are up to date. This solid two story building, is located in the North End of Hagerstown Historic District, at the corner of Locust and North East Ave, in a quiet suburban neighborhood, and features 3 good sized apartments, two 2 bedrooms one bath unit and One 1 bedrooms 1 bath, approximately 925 ft. each, the units are spacious and well designed, with most having been updated in the past 3 years. In addition, a retail commercial space currently used as a neighborhood grocery servicing the area and established for over 10 years. All units are separately metered for electric, current rents are low for the location size and condition of the units, there is also an opportunity to raise the rents without any type of improvements. In addition, the property offers 4+ off street parking spaces located to the rear of the improvements with vehicular access via Locust St.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
RG
Roberto Gonzalez PRO
LIC: MD 598229
•••.•••.6393
•••erto@•••••••••••.com
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Comparable Properties

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Rental Market Overview

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