500 SALEM AVE Hagerstown, MD 21740
9,165 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 9,165 sqft
Price per Sqft $73
MLS Listing ID MDWA2032214
Style Other
Abv Grd Liv Area 9,165
Year Built 1900
Annual Tax Amount $5,235
Tax Year 2024
Lot Size 0.258 Acres
Acres 0.26
Property Sub-Type Detached
Source BRIGHT
Property Description
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!
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 9165
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225009894
Ownership Fee Simple
SqFt Source 9165
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 8
Paramount Elementary School
Public | KG - 5
- 7
Fountaindale Elementary School
Public | KG - 5
- 6
Potomac Heights Elementary School
Public | KG - 5
- 5
Maugansville Elementary School
Public | KG - 5
- 5
Salem Avenue Elementary School
Public | PK - 5
- 5
Emma K. Doub Elementary School
Public | 1 - 5
- 5
Eastern Elementary School
Public | 3 - 5
- 4
Lincolnshire Elementary School
Public | PK - 5
- 4
Winter Street Elementary School
Public | PK - 5
- 4
Pangborn Elementary School
Public | KG - 5
- 1
Bester Elementary School
Public | PK - 5
- 0
Ebenezer Christian School
Private | KG - 12
- 0
Grace Academy
Private | PK - 12
- 0
Truth Christian Academy
Private | PK - 11
- 0
Marshall Street School
Public | KG - 12
- 0
St Mary Catholic School
Private | PK - 8
- 0
Hagerstown Childrens School
Private | PK - KG
- 0
Funkstown Elementary School
Public | PK - KG
- 0
Ruth Ann Monroe Primary School
Public | PK - 2
- 5
E. Russell Hicks Middle School
Public | 6 - 8
- 5
Western Heights Middle School
Public | 6 - 8
- 5
Northern Middle School
Public | 6 - 8
- 9
Barbara Ingram School for the Arts
Public | 9 - 12
- 8
Washington County Technical High School
Public | 11 - 12
- 5
South Hagerstown High School
Public | 9 - 12
- 5
North Hagerstown High School
Public | 9 - 12
- 0
Washington County Job Development Center
Public | 10 - 12
- 0
St Maria Goretti High School
Private | 9 - 12