Backup offers
$5,213 Closing Credit¹
#MDWA2024446, Alfiya Maddliyeva, Listing Office: Long & Foster Real Estate, Inc.
$475,000 List price
246 N Locust St N Hagerstown, MD 21740
$5,641
Closing credit¹
4,523 sqft
0.08 acres
$105 / sqft
House
Property details
About 246 N Locust St N
Priced to Sell! Incredible Value-Add Opportunity! Exceptional investment opportunity in the rapidly growing Hagerstown market! This fully occupied, lead-free 5-unit multifamily property spans 3,280 sq ft and features five one-bedroom, one-bath units with a strong rental history. HUGE VALUE-ADD POTENTIAL — Current rents are below market, offering immediate upside through rent increases to align with market rates! The building is in fantastic condition with recent upgrades already completed—no additional expenses required. VERY LOW EXPENSES keep operating costs down and maximize profitability. Each unit has separate utilities, and a shared laundry room provides additional income potential. With stable tenants, very low expenses, and steady cash flow, this property offers a reliable and high-upside investment. The seller is also offering a duplex in Hagerstown, which can be purchased individually or as part of a package for even greater returns. Don’t Miss Out! Schedule a tour today and secure your place in one of Hagerstown’s fastest-growing markets!
Highlights
Home typeOther
HeatingBaseboard
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCeiling Fan(s)
Size4,523 sqft
Lot size0.08 Acres
Year built1914
ParkingFree, On Street
MLS #MDWA2027602
Summary
- MLS Number: MDWA2027602
- MLS Name: BRIGHT
- Office Name: RG Realty, Inc.
- Office Phone: (240) 203-6393
- Listing Agent: Roberto G. Gonzalez
- Agent Phone: (301) 991-0207
- Agent Email: roberto@rgrealtyinc.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/17/2025, 12:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$475,000
246 N Locust St N
$5,641
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
3
Bester Elementary School
Public District PK-5
0.8 mi
•385 Mill St
4
Pangborn Elementary School
Public District PK-5
0.9 mi
•195 Pangborn Blvd
7
Potomac Heights Elementary School
Public District PK-5
1.3 mi
•301 E Magnolia Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,910. The majority of Hagerstown, MD residents have income less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
51%
<35k
36%
35k-100k
10%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
21%
Single, with Kids
18%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
27%
18-34 yrs old
41%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer- UFC
Where do the neighbors shop?
Burlington
Forever 21
Family Dollar
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
Burger King
What do the neighbors drive?
Dodge
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Hagerstown, MD
About 246 N Locust St N
This home is located at 246 N Locust St N in Hagerstown, MD and zip code 21740. This 4,523 square foot home, which was built in 1914, sits on a 0.08 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $475,000.
In March 2025, from all listings sold in Hagerstown, MD there were more than 26 sold above asking price, over 19 sold below and more than 19 were sold right at the asked price. In March 2025 in Hagerstown, MD there were 36.5% more homes for sale than in February. In March 2025 median list price was $301,937 and the average listing age was 52 days.
From Rocket Homes Real Estate and based on county public records data.