407-409 MCDOWELL AVE, Hagerstown, MD 21740

• 2,588 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

March 22, 2026 at 2:17AM

Listing Office:

RG Realty, Inc. : 2402036393

Listing Agent:

Roberto G. Gonzalez : 3019910207

MLS ID:

MDWA2033930

Interior

• General: Kitchen - Table Space
• Basement: Outside entranceConnecting stairwayFullUnfinished
• A/C: Central A/C
• Heating: Forced AirOil
• Disability Feature: None

Exterior

• General: Above Grade
• Style: Other
• Parking: Shared Driveway

Construction

• General: BrickStone

Location

• Originating MLS: BRIGHT_MAIN
• School District: WASHINGTON COUNTY PUBLIC SCHOOLS
• County: WASHINGTON-MD

Lot

• Zoning: RMED2225005457

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN