101 POTOMAC STREET, HAGERSTOWN, MD 21740
WASHINGTON County
Key Facts
Description
Stabilized 10-Unit Mixed-Use Investment with Value-Add Upside in Downtown Hagerstown Located at 101–103 North Potomac Street, Hagerstown, MD 21740, this 10-unit mixed-use property consists of 7 commercial retail/office units and 3 residential apartments, providing diversified income in a prime downtown location. The property is 100% occupied, delivering immediate and stable cash flow. In addition to the existing unit mix, there is potential to add an additional residential or office unit on the second floor, subject to buyer’s due diligence, zoning, and permitting. This area requires work, creating a clear value-add opportunity to increase unit count and future income. Ownership completed over $75,000 in capital improvements in 2025, including the installation of a new roof and the replacement of three HVAC/AC units. These significant upgrades materially reduce near-term capital expenditure risk and enhance the long-term performance of the asset. The downtown Hagerstown location supports strong demand for both commercial and residential tenants due to visibility, walkability, and proximity to employment centers, government offices, retail, and public services. This asset is well suited for investors seeking a stabilized mixed-use property with upside through unit expansion, selective renovations, or rent growth. Overall, the property represents a compelling opportunity combining full occupancy, recent capital improvements, diversified tenancy, and additional value-add potential in an established urban corridor.
Property Information
Property Type
Commercial Sale
Year Built
1920
Living Area
10,400 sq ft
Lot Size
0.12 acres
Zoning
CCMU
Days on Market
1
MLS® Listing#
MDWA2034332
Property Features
Appliances
Cooling
Heating
Parking
Construction
Sewer
Water Source
Schools
- Middle:
- E. RUSSELL HICKS SCHOOL
- High:
- SOUTH HAGERSTOWN SR
- District:
- WASHINGTON COUNTY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$6,048
Tax year 2025
Assessed Value
$333,600
Parcel Number
2225015592
Directions
Located at the corner of Franklin Street and North Potomac Street.
Affordability Calculator
$185,000
Estimated monthly payment
$4,923/mo
Principal $740,000 · Est. interest $1,032,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in HAGERSTOWN, MD
- $331,765
- Median Listing Price
- 59
- Median Days on Market
- 1,731
- Median Sq Ft
- $178
- Median Price / Sq Ft
- 320
- Active Listings
- This home’s price is 179% above the area median.
- Its price per sq ft is 50% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in HAGERSTOWN, MD.
Location
Points of Interest in HAGERSTOWN, MD
Showing the HAGERSTOWN area map.
Nearby Schools
Hagerstown Children's School
Elementary · 0.1 mi away
Barbara Ingram School for the Arts
Secondary · 0.1 mi away
St Mary's Catholic School
Elementary · 0.3 mi away
Bester Elementary School
Elementary · 0.5 mi away
Head Start of Washington County
School · 0.7 mi away
Winter Street Elementary School
Elementary · 0.7 mi away
Truth Christian Academy
School · 0.9 mi away
Head Start of Washington County
School · 1.0 mi away
Pangborn Elementary School
Elementary · 1.1 mi away
Salem Avenue Elementary
Elementary · 1.4 mi away
Western Heights Middle School
Secondary · 1.4 mi away
South Hagerstown Sr High School
Secondary · 1.5 mi away
North Hagerstown High School
Secondary · 1.5 mi away
Washington County Job Development Center
School · 1.5 mi away
Potomac Heights Elementary
Elementary · 1.7 mi away
Emma K. Doub Elementary School
Elementary · 1.7 mi away
Northern Middle
Secondary · 1.8 mi away
E Russell Hicks Middle School
Secondary · 1.9 mi away
Fountaindale School for the Arts and Academic Excellence
Elementary · 1.9 mi away
Board of Education of Washington County
School · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 165 SUMMIT AVENUE, HAGERSTOWN, MD | $649,000 | 8 | — | 4,811 |
| 19404 AMETHYST DRIVE V59, HAGERSTOWN, MD | $649,900 | 4 | 3 | 2,559 |
| 20119 TEAKWOOD DRIVE, HAGERSTOWN, MD | $649,900 | 4 | 3 | 4,160 |
| 9430 ALLOWAY DRIVE, HAGERSTOWN, MD | $649,999 | 4 | 4 | 3,672 |
| 15810 SPADE ROAD, HAGERSTOWN, MD | $650,000 | 4 | 3 | 2,600 |
| 125 W WASHINGTON STREET, HAGERSTOWN, MD | $650,000 | — | — | 6,051 |
Moving Cost Estimate
EXIT Agents in HAGERSTOWN
Listing Courtesy: RG Realty, Inc. - 2402036393