201-203 E WASHINGTON ST, HAGERSTOWN, MD 21740

This exceptional five-unit building presents an outstanding opportunity for investors, offering a blend of residential and commercial spaces in a prime location within the City of Hagerstown. The property consists of four residential units and one commercial space, with 80% of the building fully renovated and move-in ready-an ideal asset for those looking to generate strong rental income with minimal upfront work.  The commercial space is approximately 800 sq. ft., making it ideal for retail, office, or service-based businesses, with a projected rent of $1,000 per month. The residential units include a rear one-bedroom, one-bath unit projected at $900 per month, a one-bedroom, one-bath unit at 2 S Mulberry projected at $1,000 per month, a top-floor two-bedroom, one-bath unit with a projected rent of $1,250 per month, and a bottom-floor two-bedroom, one-bath unit projected at $1,150 per month. With a potential gross rental income exceeding $5,300 per month, this property is a prime income-producing asset in a growing market.  The recent renovations have modernized the majority of the units while maintaining the historic charm of the building. Positioned in a high-demand rental area, this property benefits from its central location with easy access to public transportation, shopping, dining, and major roadways. Whether you're an investor looking for a turn-key opportunity or seeking a mixed-use building with income-generating potential, this property delivers a strong return on investment in an expanding rental market.