$ 299,000
-
$299,000
Price -
6
Bed -
0
Bath -
2,588
SqFt
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About the Listing RGRE1 - 124248
Under the Maryland Tenants’ Bill of Rights, tenants must be provided 30 days to exercise their right of first refusal once an offer is accepted. This well-maintained duplex presents a solid investment opportunity with established rental income and clear upside through future rent growth. The property consists of two residential units plus a separately rented garage, creating diversified income from a single location. The unit at 407 McDowell Street is currently rented for $1,275 per month. In addition, the detached garage at 407 McDowell is rented separately for $55 per month on a month-to-month basis, with the garage tenant in place since 2018. The unit at 409 McDowell Street is currently rented for $1,200 per month, also on a month-to-month basis, with the original lease signed in 2019. Both residential units have long-term tenants, reflecting stable occupancy and consistent rental performance. Current rents are below today’s market levels, creating a value-add opportunity for a new owner to gradually increase rents over time while maintaining tenant stability. This makes the property well suited for an investor seeking immediate cash flow with the ability to improve returns through measured rent adjustments. Overall, this duplex is an attractive option for an owner-investor or long-term holder looking to acquire a manageable asset with a proven income history and upside potential.
Listing Highlights
Status
Active
Days on Site
44
Property Type
Multi-Family
MLS ®
MDWA2033930
Year Built
1910
Total Square Footage
2,588
Lot/Acreage
0.16
County
Washington
School District
Washington County Public Schools
Middle School
Western Heights
High School
South Hagerstown Sr
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2588
- Below Ground Sq Ft: n/a
- Basement: Outside Entrance,Connecting Stairway,Full,Unfinished
- Other: Kitchen - Table Space
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: RMED
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Shared Driveway,Driveway,On Street
Financial Details
- Tax Amount: $2,374
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2014
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
407 McDowell Ave Hagerstown, MD 21740
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