407-409 Mcdowell Ave, Hagerstown, MD 21740
Local realty services provided by:CENTURY 21 The Real Estate Store
407-409 Mcdowell Ave,Hagerstown, MD 21740
$299,000
- 6 Beds
- - Baths
- 2,588 sq. ft.
- Multi-family
- Active
Listed by: roberto g. gonzalez
Office: rg realty, inc.
MLS#:MDWA2033930
Source:BRIGHTMLS
Price summary
- Price:$299,000
- Price per sq. ft.:$115.53
About this home
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....
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Home facts
- Year built:1910
- Listing ID #:MDWA2033930
- Added:107 day(s) ago
- Updated:May 24, 2026 at 01:31 PM
Rooms and interior
- Bedrooms:6
- Kitchen Description:Kitchen - Table Space
- Basement:Yes
- Basement Description:Connecting Stairway, Full, Outside Entrance, Unfinished
- Living area:2,588 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Oil
Structure and exterior
- Year built:1910
- Building area:2,588 sq. ft.
- Lot area:0.16 Acres
- Construction Materials:Brick
- Foundation Description:Stone
Schools
- High school:SOUTH HAGERSTOWN SR
- Middle school:WESTERN HEIGHTS
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$299,000
- Price per sq. ft.:$115.53
- Tax amount:$2,373 (2014)
Parking
- Parking description:On Street, Shared Driveway
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