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$8,900,000
22 Days On Site

300 Northern Ave
Hagerstown, MD 21742

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
62,706
SqFt
$142
/SqFt
1954
Built
County:
WASHINGTON
Listing courtesy of RG Realty, Inc.

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(703) 718-6344
300 Northern Ave300 Northern Ave300 Northern Ave300 Northern Ave
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Welcome to a timeless multi-family community that blends mid-century character with modern enhancements. Built in 1954, on a 4.414 acres lot. this vintage complex comprises 66 thoughtfully designed units: 19 one-bedroom and 47 two-bedroom apartments, plus one additional unit allocated for office use (not included in the residential analysis). Each residential unit is equipped with a full bathroom featuring a tub with shower, sink, and toilet, all complemented by ceramic tile flooring. Fixtures have been updated on an as-needed basis, ensuring comfort and functionality. The property features two large buildings, divided into nine distinct sections with unique rooflines and entrances, adding architectural charm best appreciated from an aerial view. A central foyer, stairwell, and common corridor on each floor enhance accessibility, while laundry facilities on the basement level add convenience. The grounds include a paved parking area with 46 designated spaces and a state-of-the-art 24-hour video monitoring system, ensuring tenant security. Situated in a vibrant yet serene community, the location is second to none. The property is near the Longmeadow Shopping Center, anchored by the Amish Market, and Stone House Square, featuring big-box anchors like Lowe’s and Weis. Both retail hubs are within walking distance and flank SR 60, north of Northern Avenue. Nearby, the prestigious Fountain Head Country Club—established in 1924—adds a touch of opulence to the area with its golf course winding through an enclave of upper-bracket homes. Across the highway lies a newer office facility hosting JLG Industries, an expansion of the office sector in the north end. Proposed development plans include utilizing two acres of land fronting Northern Avenue for two potential commercial pads, further enhancing the area’s growth prospects. The property's proximity to these amenities and its strategic position north of Hagerstown's city limits, characterized by modern subdivision-style developments, add to its appeal. Since acquisition in 2017, over $1.5 million has been invested in updates, including freshly painted units, refinished hardwood floors, new light fixtures, and upgraded kitchen flooring. Common areas have been revitalized with modern touches, from the foyer and stairwells to the laundry facilities. The central boiler, replaced in 2012, provides efficient gas heating for the entire complex, while tenants independently manage air conditioning via window units. With tenants paying their own utilities through a Ratio Utility Billing System (RUBS), this property offers an attractive value-add opportunity. A proactive leasing strategy has significantly reduced vacancies, positioning the property as a desirable and profitable asset. Schedule a private tour today to explore this unique blend of vintage charm, modern amenities, and prime location. Don’t miss out on this exceptional investment opportunity.

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Listing Snapshot
Price 
$8,900,000
Days On Site 
22 Days
Bedrooms 
N/A
Inside Area (SqFt) 
62,706 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1954
MLS® Number 
MDWA2025850
Status 
Active
Property Tax 
$47,216
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Parking Spaces 
46
Sewer 
Public Sewer
SqFt Total 
62706
Water Source 
Public
Interior Features
Cooling 
Window Unit(s)
Heating 
CentralNatural Gas
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Exterior Features
Construction Details 
Brick
Listing courtesy of RG Realty, Inc.



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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