224 Frederick St, Hagerstown, MD 21740
Local realty services provided by:ERA Martin Associates
224 Frederick St,Hagerstown, MD 21740
$325,000
- 2 Beds
- - Baths
- 1,964 sq. ft.
- Multi-family
- Coming Soon
Listed by: alexandra l vasquez
Office: charis realty group
MLS#:MDWA2040976
Source:BRIGHTMLS
Price summary
- Price:$325,000
- Price per sq. ft.:$165.48
About this home
Great investment opportunity! This rehabbed brick building in Hagerstown features three versatile units with excellent income potential. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers flexibility and multiple revenue streams.
The property includes a 1-bedroom downstairs apartment, currently estimated to rent for $1,350 per month, and a 1-bedroom upstairs apartment with estimated rental income of $1,250 per month. The third unit is an office/efficiency space with potential for a small business or conversion to a residential unit, estimated to generate $800 per month. The large garage offers additional income potential, with parking spaces estimated at $100 each. Based on these estimates, the three units could generate approximately $3,400 per month, with additional income possible from garage parking.
All three units have been painted throughout. The main floor unit has a private entrance. This unit has been updated with new windows, electrical, plumbing & HVAC. The upstairs apartment features updated light fixtures, a range hood, and countertops. The property also boasts a large lot with parking for approximately 8–10 vehicles, additional off-street parking, and convenient alley access.
With multiple income-producing opportunities and the potential to maximize rental returns, this property is an excellent opportunity for investors looking to build or expand their portfolio. Property is being sold AS-IS. Schedule your showing today!`...
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Home facts
- Year built:1890
- Subdivision & Development:NONE AVAILABLE
- Listing ID #:MDWA2040976
- Updated:October 28, 2026 at 05:44 AM
Rooms and interior
- Bedrooms:2
- Basement:Yes
- Basement Description:Dirt Floor, Garage Access, Unfinished
- Living area:1,964 sq. ft.
Heating and cooling
- Cooling:Ductless/Mini-Split
- Heating:Electric, Hot Water
Structure and exterior
- Year built:1890
- Building area:1,964 sq. ft.
- Lot area:0.19 Acres
- Architectural Style:Colonial
- Construction Materials:Brick, Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$325,000
- Price per sq. ft.:$165.48
- Tax amount:$2,916 (2026)
Parking
- Parking description:Additional Storage Area, Attached Garage, Garage - Front Entry, Off Street, On Street, Oversized
- Garage:Yes
- Garage spaces:2
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