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29828547
29828553

25 Broadway, Hagerstown, MD 21740

RG
MD 598229
RG Realty Inc
Listed by RG Realty Inc
$895,000
123 days on market
Updated 3 days ago
Contract Pending Opportunity zone

Broadway Rentals

Details
APN 0188
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,620
Net Rentable (SqFt) 3,620
Units 8
Cap Rate 8.00%
Occupancy 100%
Price per SqFt $247
Broker Co-Op Yes
Class C
Year Built 1962
Year Renovated 2025
Buildings 2
Stories 3
Lot Size (SqFt) 11,700
Zoning RMED
Parking Spaces 10 spaces
Parking Per SqFt 2.76
Investment Type Stabilized
Ownership fee simple

Fully Renovated, Turn-Key Multifamily Investment

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

Listing Contacts

RG
MD 598229
RG Realty Inc
Listed by RG Realty Inc

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