1301 Virginia Avenue, Hagerstown, MD 21740 - Photo 1

1/1

$543,000

Sold
Closed
Apartment

1/1

Property Description

Great Investment Opportunity - 5-Unit Multi-Building Fully rented and cash-flowing, this 5-unit property is the perfect addition to any investor's portfolio. The building has been well-maintained with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units. Inside, you'll find hardwood floors throughout and updated finishes that keep the units attractive to tenants. Outside, the property offers ample on-site parking which is a rare find that adds to the appeal. On top of strong current income, there's plenty of room to add value and increase revenue with additional features: 4 garages that can be rented separately, Storage space for tenants or outside rentals, and Coin-operated laundry for steady extra income. This is a turn-key investment with upside potential in a sought-after rental market.

Full Property Details

Full Property Details for 1301 Virginia Ave

General

Sold For: $543,000
Taxes: $3,426 (2024)
Status: Closed
Type: Apartment
Source: BrightMLSMidAtlantic
MLS ID: MDWA2031570
Added to Site: 235 day(s) ago

Business

Business Type: Apartment Building

Rooms

Bathrooms

Restrooms: 5

Parking

Total Spaces: 8
Parking Features: Paved Parking
Parking Type: Parking Lot, On Street, Private Garage

Location

County: WASHINGTON
Driving Directions: From I-81 take the Williamsport Exit to Virginia Avenue

Heating & Cooling

Cooling Type: Window Unit(s), Ceiling Fan(s)
Cooling Fuel: Electric
Heating Type: Hot Water
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Block
Foundation: Block
Building Size: 3720
Year Built: 1927
Year Built Source: Estimated

Unit Information

# Tenants: Multiple
Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

Lot Size (Acres): 0.31
Lot Size (Sq. Ft.): 13,500
Lot Size Source: Assessor
Zoning: RU

Financial Considerations

Price Per Sq. Ft.: $147.85
Operating Expenses: $11,233
Assessment Year: 2025
City/TownTax Freq: Annually
County Tax: $3,426
County Tax Freq: Annually
Tax w/Assessment: $340,100
Tax Amount: $3,426
Tax Year: 2024
Owner Pays: Common Area Maintenance, Gas, Water, Sewer, Snow Removal, Taxes - Real Estate, Insurance, Lawn/Shrub Care

Disclosures and Reports

Ownership: Fee Simple
Investment: Yes
Lot Number: 24

Listed by Keller Williams Realty Centre, Robert J Krop
Sold by Berkshire Hathaway HomeServices Homesale Realty, Elizabeth Z Williams

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Listing agent

— 1301 Virginia Ave —

Robert J Krop

Keller Williams Realty Centre

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Schools

Schools serving 1301 Virginia Ave

School District:Washington County Public Schools, Williamsport, MD

Name	Grades	Distance
Lincolnshire Elementary School 17545 Lincolnshire Road, Hagerstown, MD 21740	PK-5	0.9 mi
Springfield Middle School 334 East Sunset Avenue, Williamsport, MD 21795	6-8	4.2 mi
Williamsport High School 5 South Clifton Drive, Williamsport, MD 21795	9-12	4.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1301 Virginia Ave

Date

Details

Price

Change

Source

4/24/2026

Sold

$543,000

-1.27%

MLS

11/28/2025

Price Reduced

$550,000

-8.33%

MLS

9/19/2025

Listed

$600,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1301 Virginia Ave, Hagerstown, MD 21740 - Photo 1

Sold

$543,000