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MULTI-FAMILY: (17 Units+1Retail) 14130 Pennsylvania, Hagerstown, MD 21742 [OFF-MARKET]

Updated: 5 days ago

Multifamily Investment Opportunity



Welcome to the Market Information listing for the property located in Hagerstown, MD. This listing presents an excellent investment opportunity in the C-Class market. Here are the details you need to know:

Property Overview:

  • Location: Hagerstown, MD

  • Property Type: C-Class

  • Median Income: $68,745

Proposed Purchase:

  • Purchase Price: $3.75 Million

  • Cap Rate: 8.55%

  • Occupancy Rate: 88.2%

Property Information:

  • Number of Units: 17 MF & 1 Retail

  • Number of Buildings: 3

  • Year Built: 1950

  • Net Rentable SF: 25,200

  • Lot Size: 4.07 Acres

  • Parking: Parking Lot

Operating Margin:

  • Operating Margin: 34.5%

  • Operating Margin - Restaurant: 25.9%

  • Operating Margin - Multi-Family: 69.4%

This property offers a strong investment potential with attractive financials. With an occupancy rate of 88.2%, the property demonstrates consistent tenant demand. The diversified income stream from the multi-family units and the retail space adds stability and potential for further growth.

The 17 multi-family units provide a solid NOI of $86,000, contributing to an impressive operating margin of 69.4%. Additionally, the on-site restaurant generates a substantial NOI of $200,000, offering an opportunity for additional income. The property's total NOI amounts to $321,000.

Situated on 4.07 acres of land, the property features ample parking space, ensuring convenience for tenants and customers alike. The market location of Hagerstown, MD, with its median income of $68,745, indicates a stable economic environment that further enhances the investment prospects.

Don't miss out on this remarkable investment opportunity in Hagerstown, MD. Contact us today to learn more and secure your future in the thriving C-Class market.

Additional Information:

This C-class apartment complex and restaurant are ideally located in Hagerstown, MD, offering a range of advantages for investors. Here are some key details to consider:

  • Location: The property is conveniently situated near the airport and the warehouse distribution center for Amazon. This strategic location can attract potential tenants and customers, benefiting both the apartment complex and the restaurant.

  • Tenant Terms: All tenants are currently on a month-to-month lease agreement, allowing for flexibility and the opportunity to adjust rental rates as needed. With room to increase rents across the board, there is potential for increased cash flow and improved ROI.

  • Owner-Occupied Restaurant: The restaurant on the premises is owner-occupied and managed, providing the owner with direct control over operations. This setup offers the potential for cost savings and increased profitability.

  • Priced to Sell: The property is priced competitively to sell, presenting an enticing opportunity for investors seeking immediate cash flow. The property's strong financials, including the solid operating margin and steady occupancy rate, make it an attractive proposition for those looking for a lucrative investment.

This property in Hagerstown, MD, offers a unique blend of a C-class apartment complex and an owner-occupied restaurant, strategically located near the airport and the Amazon warehouse distribution center. With potential for rent increases, immediate cash flow, and a motivated seller, this opportunity shouldn't be overlooked. Act now to secure a sound investment in a thriving location. Contact us today for more information or to arrange a viewing.

Please submit all offers directly to

Land Photos

Property Aerial View

Harvest River Partners

Eric Brinson


Mobile: 615-987-7897

*Note* You DO NOT have permission to market this property in anyway to anyone on any social media platforms, email, or direct to someone you know. You DO NOT have permission to mark up the property for your profit. If you know someone who may want to invest with us on this property contact directly to discuss. This is an off-market investment opportunity.

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