Fantastic Investment Opportunity – Fully Rented 5-Unit Turnkey Building This well-maintained 5-unit property is a turnkey investment, fully rented with reliable long-term tenants. Current rents are significantly below market, offering excellent value-add potential through rent increases to market rates. The building features four 1-bedroom units and one 2-bedroom unit with an additional office/den. Off-street parking is available at the rear of the property. Unit Breakdown: Unit 16 (First Floor): Living room, dining room, kitchen, bedroom, and bathroom Unit 16 (Second Floor): Living room, dining room, kitchen, bedroom, bathroom, and office/den Unit 16 ½: Main level includes living room and kitchen; second level has bedroom and bathroom Unit 18 (First Floor): Living room, kitchen, bedroom, and bathroom Unit 18 (Second Floor): Living room, kitchen, bedroom, and bathroom (currently rented) With strong occupancy, room to grow income, and minimal upkeep needed, this is a great opportunity for both new and seasoned investors.
For sale
Price cut: $25K (7/17)
$525,000
16 S Mulberry St, Hagerstown, MD 21740
6beds
--baths
4,316sqft
Multi Family
Built in 1914
-- sqft lot
$514,900 Zestimate®
$122/sqft
$-- HOA
What's special
Dining room
- 289 days
- 71
- 2
Zillow last checked:
Listing updated:
Listed by:
Roberto Gonzalez 301-991-0207,
RG Realty, Inc. 240-203-6393
Source: Bright MLS,MLS#: MDWA2032918
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Hot Water, Electric
Cooling
- Other, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 4,316
- Total interior livable area: 4,316 sqft
Property
Parking
- Parking features: Alley Access, Off Street
Accessibility
- Accessibility features: Other
Features
- Pool features: None
Lot
- Size: 7,405 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2217007343
- Zoning: CCMU
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Other
Condition
- New construction: No
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Hagerstown
- Municipality: Hagerstown
Financial & listing details
- Price per square foot: $122/sqft
- Tax assessed value: $257,200
- Annual tax amount: $5,072
- Date on market: 11/24/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
$514,900
$489,000 - $541,000
$1,304/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $525,000-4.5%$122/sqft |
Source: | ||
| 7/3/2026 | Price change | $550,000-4.3%$127/sqft |
Source: | ||
| 1/24/2026 | Price change | $575,000-4.2%$133/sqft |
Source: | ||
| 11/24/2025 | Listed for sale | $600,000+130.8%$139/sqft |
Source: | ||
| 3/21/2022 | Sold | $260,000$60/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 21740
Nearby schools
Schools provided by the listing agent
- District: Washington County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






