Colonial

701 W WASHINGTON STREET

HAGERSTOWN , MD 21740

MLS#: MDWA2032046

$240,000

Status: Active
Listing number: MDWA2032046
Listing provided by: L. P. Calomeris Realty
Listing agent phone: None
Last update: 23 days ago
On site: 27 days ago
Browse Properties
Main image without alt text

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

1,835

Don’t miss this investment opportunity at 701 West Washington Street! This two-unit property with separate electric meters is ready to generate rental income. Each unit features 2 bedrooms and 1 full bathroom. The upper unit is currently rented for $1,250/month, providing immediate income, while the lower unit is posted for rent at $1,100/month and in the process of being filled. The main level boasts a bright living room, cozy dining room, and a fully functional kitchen. The upper level offers a second unit with privacy and flexibility. The detached one-car garage, alley access, and rear parking add convenience. Sold as-is and move-in ready, this property is a fantastic opportunity to own an income-generating gem in downtown Hagerstown! THIS PROPERTY IS ALSO LISTED FOR RENT AND FOR SALE.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1835.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Oil, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Brick

  • Parking

    Garage, Detached

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.27

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Colonial

Price

  • Sales Price

    $240,000

  • Tax Amount

    2202.0

  • Sq. Footage

    1, 835

  • Price/SqFt

    $130

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Permanent

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

WASHINGTON

Elementary School

Middle School

High School

Listing Courtesy of Petros Demetrios Calomeris , L. P. Calomeris Realty

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent MarylandSandbox

FOUNDER

MarylandSandbox

Call Maryland today to schedule a private showing.

(980) 000-0000

maryland.sandbox@realhub365.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Don’t miss this investment opportunity at 701 West Washington Street! This two-unit property with separate electric meters is ready to generate rental income. Each unit features 2 bedrooms and 1 full bathroom. The upper unit is currently rented for $1,250/month, providing immediate income, while the lower unit is posted for rent at $1,100/month and in the process of being filled. The main level boasts a bright living room, cozy dining room, and a fully functional kitchen. The upper level offers a second unit with privacy and flexibility. The detached one-car garage, alley access, and rear parking add convenience. Sold as-is and move-in ready, this property is a fantastic opportunity to own an income-generating gem in downtown Hagerstown! THIS PROPERTY IS ALSO LISTED FOR RENT AND FOR SALE.

701 W WASHINGTON STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Bite-size investment with big potential! This up-down duplex is the perfect opportunity for a first-time investor or savvy buyer looking to add to their portfolio. Featuring a 2 bed, 1 bath unit upstairs and a 1 bed, 1 bath unit below, both in great condition with several recent upgrades. Plus, an oversized garage offers extra income potential. All three units are separately metered for electricity. Please allow 24 hours' notice for tenant showings
#MDWA2028716

HAGERSTOWN

326 S POTOMAC STREET

3 Beds

None Baths

2,598 Sq.Ft.

$259,000

MLS#: MDWA2028716

Great Live-In or Investment Opportunity – 2-Unit Multifamily Home Don't miss this great opportunity to own a multi-family property in a convenient location in Hagerstown! This fully occupied up and down duplex property features 2 separate 1-bedroom apartments, each with its own private bathroom, full kitchen, and a combined dining/living room, private entryway for added privacy and convenience. Each unit has separately metered electric with individual breaker panels, allowing tenants to pay their own electric bills. Water is served by a single meter. Enjoy plenty of off-street parking, including private parking in the rear of the property with access through the backyard—an added bonus for tenants or owner convenience. NEW ROOF INSTALLED AUGUST 2024 – a major upgrade that adds long-term value and peace of mind for the next owner! Both units are currently rented on month-to-month, offering immediate rental income and flexibility for owner-occupants or future rental adjustments. The layout of each unit is simple and efficient, making it attractive for tenants and easy to maintain for landlords. Located close to downtown Hagerstown, shopping, parks, and major routes – perfect for commuters and local renters alike. Whether you're looking to expand your portfolio or start with your first investment property, this is a solid choice with existing rental income!
#MDWA2029038

HAGERSTOWN

300 S CLEVELAND AVENUE S

2 Beds

None Baths

1,728 Sq.Ft.

$239,900

MLS#: MDWA2029038

Fantastic Value-Add Investment Opportunity – Prime Location in Hagerstown! This all-brick duplex, ideally located just off Dual Highway, offers a rare chance to own a solid, income-producing property with huge upside potential. Unit 51 features a welcoming living room with hardwood floors, a cozy kitchen, and a dining area perfect for gathering. Upstairs, you’ll find three carpeted bedrooms with ample closet space and a full bath. The basement offers laundry hookups and extra storage. Unit 53 boasts hardwood floors throughout the living room, kitchen, and dining area, with three spacious bedrooms upstairs featuring hardwood floors, generous closets, and a full tiled bath. The basement includes laundry facilities, and the fenced backyard provides outdoor space and privacy.
#MDWA2029162

HAGERSTOWN

51 N CANNON AVENUE

6 Beds

None Baths

3,304 Sq.Ft.

$265,000

MLS#: MDWA2029162

INVESTOR ALERT! Take advantage of this large 2-unit duplex located on the highly-sought after, prestigious, and very quiet Broadway Street in Hagerstown! Featuring a NEW ROOF, newer windows, stainless steel appliances in both units, 1 updated bathroom, and hardwood floors throughout, this property just needs the right tough of cosmetic finishes to become the cash-flowing investment property you've been looking for! This property is extremely rare as it consists of one 1 bedroom, 1 bathroom unit located on the main level, and one 3 bedroom, 1 bathroom unit located on the remaining 2 levels, making this unit much bigger than most 3 bedroom rental apartments. The 3 bedroom unit consists of a main level living area with 2 bedrooms and 1 bathroom, and an upper level with a 3rd bedroom and huge loft area. Both units have a rear walkout to the large backyard, which leads to an oversized garage that can be rented out separately or with one of the rental units. Don't miss your chance at this one, and schedule your tour today!
#MDWA2032478

HAGERSTOWN

133 BROADWAY

4 Beds

None Baths

3,432 Sq.Ft.

$215,000

MLS#: MDWA2032478

Side-by-Side Duplex with Upside. Two 2BR/1BA units with separate utilities (electric, water, heat)—tenant paid. 426 is month-to-month at $1,050 (as-is market est. $1,200). 428 is vacant—rent as-is $1,200 or $1,400–$1,500 after a full update (buyer to verify). Off-street parking for multiple vehicles. Each unit has its own tax ID for future resale flexibility. Strong value-add hold in a tenant-paid-utilities setup. Sold as-is. Schedule your showing today.
#MDWA2029632

HAGERSTOWN

426-428 SALEM AVENUE

4 Beds

None Baths

2,760 Sq.Ft.

$264,990

MLS#: MDWA2029632

Turnkey Duplex Investment with Immediate Cash Flow & Long-Term Upside Discover a rare opportunity to own a fully leased two-unit Colonial duplex in the heart of Hagerstown’s growing rental market. Each spacious 2-bedroom, 1-bathroom unit features approximately 959 sq. ft. of living space with separate entrances and electric meters, offering low-maintenance income generation and long-term tenant stability. Sitting on a 9,840 sq. ft. lot, this well-maintained property delivers $2,250/month in rental income (approx. $27,000 annually), with both units on month-to-month leases at current market rates. The bottom unit is $975 and the top unit $1,275. The pro forma gross rent multiplier (GRM) under 10 and potential 8–10% cap rate make this a standout opportunity for investors seeking cash flow with equity growth potential. Recent comparable sales in the immediate area have reached up to $233,500–$250,000 for smaller or single-unit properties, highlighting the under appreciated potential of this two-unit income producer. Given its multi-family zoning (RMED) and stable rental demand, future appreciation and rent increases are highly likely as Hagerstown continues to attract Washington, D.C., and Baltimore-area commuters seeking affordability. Additional highlights include: • Separate meters and entrances per unit • Off-street parking and covered porches • Vinyl siding, updated kitchens and baths, and efficient electric baseboard heating • Strong tenant history with below-market rents, allowing room for immediate rent growth • Low vacancy area with balanced supply/demand and 3–6 month average marketing time Whether you’re looking to expand your portfolio or secure a dual-income property with owner-occupancy potential, 115 East Ave represents a high-yield, undervalued asset poised for appreciation beyond $300,000 with strategic improvements or refinancing leverage.
#MDWA2032176

HAGERSTOWN

115 EAST AVENUE

4 Beds

None Baths

2,877 Sq.Ft.

$225,000

MLS#: MDWA2032176

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here