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$625,000
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Property Description
Prime Multi-Family Investment - High Income, Low Maintenance Seize this exceptional opportunity to own a fully occupied, all-brick, six-unit property just minutes from downtown Hagerstown, currently generating $6,650+ in monthly rental income with potential to increase to full market rates. Each spacious unit offers approximately 700 sq ft of living space, separate electric meters (tenant-paid utilities), and updated replacement windows for improved energy efficiency. Built on a solid brick and masonry foundation, the property offers durability, ease of management, and long-term value. Located at the gateway to Hagerstown's Arts & Entertainment District, this property sits in a vibrant mixed-use neighborhood surrounded by residential and commercial growth-making it attractive to both local and out-of-town investors capitalizing on area revitalization. Turnkey, income-producing, and positioned for appreciation-don't miss your chance to secure a high-performing asset in a prime location.
Full Property Details
Full Property Details for 505 W Church St
General
- Price: $625,000
- Taxes: $4,710 (2024)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDWA2031536
- Updated: 1/6/2026
- Added to Site: 125 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Parking Type: On Street
Location
- Municipality: Hagerstown
- County: WASHINGTON
- Driving Directions: GPS
- City Limits: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Foundation: Permanent, Block
- Building Size: 3556
- Year Built: 1905
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,200
- Lot Size Source: Assessor
- Zoning: RMED
Financial Considerations
- Price Per Sq. Ft.: $175.76
- Assessment Year: 2025
- City/TownTax: $2,461
- City/TownTax Freq: Annually
- County Tax: $2,248
- County Tax Freq: Annually
- Tax w/Assessment: $262,600
- Tax Amount: $4,710
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
Listed by RG Realty, Inc., Roberto G. Gonzalez
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Schools
Schools serving 505 W Church St
School District:Washington County Public Schools, Williamsport, MD
| Name | Grades | Distance |
|---|---|---|
Salem Avenue Elementary School 1323 Salem Avenue, Hagerstown, MD 21740 | PK-5 | 0.8 mi |
Western Heights Middle School 1300 Marshall Street, Hagerstown, MD 21740 | 6-8 | 0.8 mi |
South Hagerstown High School 1101 South Potomac Street, Hagerstown, MD 21740 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 W Church St
Date
Details
Price
Change
Source
9/15/2025
Listed
$625,000
160.42%
MLS
4/29/2022
Sold
$240,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 W Church St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,094
—
$262,600
7%
2023
$2,094
—
$245,700
7%
2023
$2,094
8%
$228,800
8%
2022
$1,939
-4%
$211,900
—
2020
$2,030
3%
$211,900
—
2021
$1,973
-3%
$211,900
-2%
2020
$2,030
—
$217,100
—
2019
$2,030
—
$217,100
—
2018
$2,030
-1%
$217,100
-1%
2017
$2,057
6%
$220,000
6%
2016
$1,938
7%
$207,233
7%
2015
$1,818
7%
$194,467
7%
2014
$1,699
—
$181,700
—
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 505 W Church St
505 W Church Street, Hagerstown, MD 21740 (MLS# MDWA2031536) is a Apartment property. 505 W Church Street is currently listed for $625,000 and was received on September 15, 2025. Want to learn more about 505 W Church Street? 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.

