Turnkey Investment – Real Estate & Business with On/Off class D Liquor License! Discover a true value-add investment with Harman’s Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers EIGHT TOTAL UNITS, including retail space and spacious apartments – all currently occupied by long-term tenants. Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation. Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find. 📞 Schedule your private tour today!
Sold for $550,000
$550,000
500 Salem Ave, Hagerstown, MD 21740
6beds
--baths
9,165sqft
Multi Family
Built in 1900
-- sqft lot
$551,200 Zestimate®
$60/sqft
$1,446 Estimated rent
Home value
$551,200
$480,000 - $634,000
$1,446/mo
Zestimate® history
Owner options
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$1,446/mo
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$1,446/mo
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$2,692/mo
Est. payment
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$2,692/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Roberto Gonzalez 301-991-0207,
RG Realty, Inc.
Bought with:
Unrepresented
Unrepresented
Source: Bright MLS,MLS#: MDWA2032214
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 9,165
- Total interior livable area: 9,165 sqft
Property
Parking
- Parking features: On Street, Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 0.26 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2225009894
- Zoning: RMED
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Block, Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Hagerstown
- Municipality: Hagerstown
Financial & listing details
- Price per square foot: $60/sqft
- Tax assessed value: $273,100
- Annual tax amount: $5,235
- Date on market: 10/16/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Sold | $550,000-18.5%$60/sqft |
Source:  Bright MLS #MDWA2032214 Report a problem | ||
| 2/10/2026 | Contingent | $675,000$74/sqft |
Source: Bright MLS #MDWA2032214 Report a problem | ||
| 10/16/2025 | Listed for sale | $675,000$74/sqft |
Source: Bright MLS #MDWA2032214 Report a problem | ||
| 10/1/2025 | Listing removed | $675,000$74/sqft |
Source: Bright MLS #MDWA2030002 Report a problem | ||
| 7/9/2025 | Listed for sale | $675,000$74/sqft |
Source: Bright MLS #MDWA2030002 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 21740
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Nearby schools
GreatSchools rating
- 7/10Salem Avenue Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 3/10Western Heights Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10South Hagerstown High SchoolGrades: 9-12Distance: 2 mi
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.
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Estimated market value
$551,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$551,200
- Maryland
- Washington County
- Hagerstown
- 21740
- 500 Salem Ave
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