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246 N Locust Street N

Hagerstown, MD 21740

– beds
– baths
4,523 sqft
3,280 sqft lot
$105 per sqft
1914 build

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. 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!

Listing courtesy of BRIGHT / RG Realty, Inc.

Last checked: Checking… • Last updated Mar 18, 2025 •

MLS# MDWA2027602 —

The Building

Year Built:

1914
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Building Units Total:

4
Structure Type:

Other
Historic:

No
Architectural Style:

Other
Accessibility Features:

None
Basement:

No
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

4523

Interior

Interior Features:

Combination Kitchen/Dining
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

4523
Living Area SqFt:

4,523 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

GPS
Latitude:

39.64451000
Longitude:

-77.71476000

The Property

Property Subtype:

Other
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.08
Lot Size Source:

Assessor
Lot SqFt:

3,280 Sqft
Zoning:

RMED
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

M
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2222012894
Tax Year:

2024
Tax Annual Amount:

$4,553
Tax Assessed Value:

$237,500
Year Assessed:

2024
County Tax:

2173.00
City/Town Tax:

2379.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Ceiling Fan(s)
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Washington County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

Downtown Hagerstown
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street
Parking Features:

Free

Extra Units

Vacation Rental:

No
One Bedroom Units:

5

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/18/25 Mar 18, 2025	Listed / Active	BRIGHT	$475,000

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This multifamily located in Downtown Hagerstown, Hagerstown, MD 21740 is currently for sale for $475,000. 246 N Locust Street N is a 4,523 square foot multifamily with – beds and – baths. 246 N Locust Street N is in the Downtown Hagerstown neighborhood of Hagerstown and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Ruth Ann Monroe Primary School, Eastern Elementary School, North Hagerstown High School, and Northern Middle School.

Listing Courtesy of: BRIGHT and RG Realty, Inc..

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.