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sales rep | Brivity IDX

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600 Potomac Ave , Hagerstown, MD 21740
$825,000
Est. Payment: $4,391.00/mo
9834 Sqft
0.11 Acres
Status: active | Days on site: 49
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EXXP11 - 108464,3281504
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House Description

Ready to make the jump from single-family rentals into multifamily? Looking to add another income-producing asset to your existing portfolio? Or searching for a property that can support both your business operations and program housing under one roof? This unique mixed-use property in Hagerstown, MD offers 8 residential units and 4 commercial units across a substantial, versatile footprint. The residential component consists of eight 1BR units featuring spacious bedrooms, kitchens, full bathrooms, living areas, hardwood flooring, abundant natural light, and multiple exterior balconies. The four commercial units provide significant flexibility for a variety of potential uses, with existing space that includes offices, meeting and work areas, a large gym/recreation area as a unit, multiple kitchens and bathrooms, storage, laundry facilities, and expansive first-floor space. For the traditional investor, the property presents an opportunity to scale from single-family into multifamily or add a mixed-use asset with multiple income streams to an existing portfolio. For an owner-user or program operator, the combination of residential and commercial space creates the potential to house clients or program participants while supporting administrative offices, staff, recreation, meetings, services, and other operational needs within the same property. Conveniently located near Downtown Hagerstown with access to shopping, restaurants, services, and major area amenities. Potential market cap rate of 11–12% with projected ROI of 18–19%. Whether you're looking to scale your rental portfolio, expand your multifamily holdings, or establish a home for your organization and its housing needs, this property offers a rare combination of income potential, scale, and flexibility. All units will be delivered vacant at the time of settlement. Buyer to independently verify zoning, licensing, permitted uses, financial projections, and suitability for any intended use.

Highlights

Listed by Michael J Schiff , 4104151404 and Jacob Horowitz , 4433882117 EXP Realty, LLC , 8888607369. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.11

Year Built

1957

County

Washington

School District

Washington County Public Schools

Listing ID

MDWA2039932

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Interior Features

Floor:Luxury Vinyl Plank,Hardwood
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Garage Capacity:2
Zoning:CG
Sewer:Public Sewer
Parking Features:On Street,Driveway,2+ Spaces,1+ Spaces
Principal Interest
$4,391
Taxes
$704

Home Price

$825,000

Loan Details

30 yrs
7%

Down Payment

20%
$165,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,391.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,391.00 $703.75 $0.00 $5,094.75
Yearly $52,691.96 $8,445.00 $0.00 $61,136.96
Total $1,580,758.73 $253,350.00 $0.00 $1,834,108.73
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Hagerstown, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS