235 Locust StreetHagerstown, MD 21740

Description

Two-unit investment opportunity with strong value-add potential located at 235 S Locust St in Hagerstown, MD. This vacant two-unit property features a solid, long-term rental history and is positioned to generate up to $2,000 per month in total gross rental income ($24,000 annually). Unit 1 (lower level) offers a kitchen, full bathroom, two main rooms, and direct access to a finished room in the basement. Unit 2 (upper level) includes a kitchen, full bathroom, two main rooms, access to additional attic space, and an upper deck with egress. Fenced backyard providing small outdoor space for tenants. The property is being sold strictly as-is and is suitable for cash or conventional financing only. Ideal addition to a buy-and-hold portfolio or a quick repositioning project to capitalize on Hagerstown's active rental market demand.

Property Information

Property type

Residential

Sub-type

Townhouse

Structure type

Townhouse

Year built

1917

Stories

4

Living area

1,996 Sq Ft

Lot size

0.11 acres

Zoning

RMED

Days on market

1

MLS^® Listing#

MDWA2040714

Property Features

Appliances

Electric Water Heater

Cooling

None · Electric

Heating

Electric · Baseboard

Basement

Walk-Out Access · Other · Partially Finished

Pool

None

Parking

Off Street

Construction

Brick

Foundation

Other

Roof

Asphalt

Utilities

None · Cable Available

Sewer

Public Sewer

Water source

Public

Schools

District

WASHINGTON COUNTY PUBLIC SCHOOLS

Financial Details

HOA

None

Annual taxes

$2,453Tax year 2026

Assessed value

$124,367

Parcel number

2217003984

Directions

USE GPS