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101 Potomac St
For Sale $925,000
$925,000
- 12 Units
- Unknown Sq Ft
- 5,200 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $925,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2225015592 |
| MLS # | MDWA2034332 |
| Property ID | 322607226 |
| Lot Sqft | 5,200 |
| Zoning | CCMU |
| Total Units | 12 |
| Days on Market | 10 |
| Original List Price | Unknown |
| Date Updated | February 19, 2026 |
| Date Created | February 18, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Roberto G. Gonzalez an agent of . Lic #598229
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Data last updated: February 28, 2026.
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Robert Crawford
REAL ESTATE AGENT