62 - 64 W Antietam St

Hagerstown, Maryland offers a compelling investment opportunity rooted in affordability, accessibility and active economic development. The city is strategically positioned along major transportation corridors (I-70/I-81), connecting it to Washington, Baltimore and the broader Mid-Atlantic, which supports logistics, manufacturing and commuter demand. Its downtown and city center are the focus of a multi-year revitalization plan designed to attract private investment and create jobs, while residential values have shown consistent appreciation and demand for rentals remains steady due to the city’s lower cost of living relative to larger metros. With diversified employment in healthcare, education and industry, ongoing mixed-use redevelopment, and targeted incentives for businesses and investors, Hagerstown presents a compelling case for long-term real estate investment.Positioned in the heart of downtown Hagerstown, this renovated mixed-use asset presents a compelling value-add investment opportunity with diversified income streams and strong long-term growth potential. The property consists of twelve residential units—eleven 1-bedroom/1-bath units and one 2-bedroom/1.5-bath unit—plus a ground-floor retail suite, creating built-in revenue diversity and broad tenant appeal. The building underwent substantial renovations in 2021, delivering modernized interiors and improved functionality while still offering meaningful upside through lease-up and rent optimization. Currently 77% occupied, investors have the opportunity to increase cash flow through stabilization and marking rents to market. Strategically located one block from the newly constructed AAA baseball stadium and adjacent to ongoing entertainment and mixed-use development, the property is positioned to benefit from continued public investment and downtown revitalization efforts. With mixed-use zoning, proximity to major commuter corridors, and improving occupancy trends, this asset offers both near-term income growth and long-term appreciation potential.