Date
Details
Price
Change
Source
10/16/2025
Listed
$675,000
—
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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1/8
$675,000
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Property Description
Turnkey Investment, Real Estate and Business with Class D Liquor License Harman's Tavern presents a true value-add opportunity, pairing a well established bar with a Class D Liquor License and income producing residential and retail units. The mixed use building totals nearly 10,000 square feet and includes eight units, a retail space and spacious apartments, all occupied by long term tenants. Rents are significantly below market, as the owner has never increased them, creating immediate upside in cash flow. The units are well maintained, and thoughtful updates could support meaningful appreciation. Whether you are expanding a portfolio or seeking stable income with room to grow, this offering is a rare find. Schedule your private tour today.
Full Property Details
Full Property Details for 500-508 Salem Ave
General
- Price: $675,000
- Taxes: $5,235 (2024)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDWA2032216
- Updated: 12/17/2025
- Added to Site: 93 day(s) ago
Business
- Business Type: Apartment Building, Other/General Retail, Restaurant
Parking
- Total Spaces: 3
- Parking Type: On Street, Driveway
Location
- Municipality: Hagerstown
- County: WASHINGTON
- Driving Directions: GPS
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block, Brick
- Building Size: 9165
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,240
- Lot Size Source: Assessor
- Zoning: RMED
Financial Considerations
- Price Per Sq. Ft.: $73.65
- Tax w/Assessment: $273,100
- Tax Amount: $5,235
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
Listed by RG Realty, Inc., Roberto G. Gonzalez
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 500-508 Salem Ave —
Roberto G. Gonzalez
RG Realty, Inc.
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 500-508 Salem Ave
Tax History
Tax History for 500-508 Salem Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,499
-3%
$273,100
-3%
2022
$2,585
10%
$282,500
4%
2020
$2,345
-4%
$271,933
4%
2021
$2,433
4%
$261,367
4%
2020
$2,345
—
$250,800
—
2019
$2,334
—
$249,667
—
2018
$2,324
—
$248,533
—
2017
$2,313
5%
$247,400
5%
2016
$2,210
5%
$236,333
5%
2015
$2,106
5%
$225,267
5%
2014
$2,003
—
$214,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 500-508 Salem Ave
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- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,842Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 3,300Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 4,092Sq. Ft.
- Townhouse
- Active
- Updated 3 hours ago
- 3Beds
- 4Total Baths
- 2,453Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 2Total Baths
- 2,960Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 4,682Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,618Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 2,716Sq. Ft.
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500-508 Salem Avenue, Hagerstown, MD 21740 (MLS# MDWA2032216) is a Apartment property. 500-508 Salem Avenue is currently listed for $675,000 and was received on October 16, 2025. Want to learn more about 500-508 Salem Avenue? Do you have questions about finding other Apartment real estate for sale in Hagerstown? You can browse all Hagerstown real estate or contact a Coldwell Banker agent to request more information.