817 & 819 DALE ST, Hagerstown, MD 21740

• 2,344 sqft

Property Description

Unlock an exceptional investment opportunity with this fully occupied, single-story, four-unit apartment building. Designed for the savvy investor, this property perfectly aligns with the coveted 1% rule, offering a rare combination of consistent cash flow and strong market fundamentals. Each of the four units is currently leased, providing immediate income upon closing, with staggered lease expirations through early 2027 to ensure stability. For your peace of mind, all four units have been certified lead-free, and the property maintains a current city rental license. The building is efficient to manage and maintain. Utilities are set up for success, featuring separate electric meters for each tenant, while the owner provides water, sewer, and trash services. The interior and exterior benefit from recent capital improvements, including updated replacement windows and reliable electric baseboard heating. Accessibility and convenience are key features of this location, offering easy access to major interstates and nearby shopping centers. Tenants enjoy the convenience of both on-street parking and a dedicated off-street parking lot in the rear that accommodates four vehicles, complemented by alley access on both the side and rear of the lot. This turn-key asset represents a straightforward, income-generating addition to any portfolio. Detailed income and expense documentation is available for review, confirming that the numbers truly make sense on this one. Reach out today to schedule your viewing and secure this rare investment gem. Photos courteous of Gold Coast Real Estate Group, who currently manages the property and the owner is happy with their service. 48 hour showing notice required, allowing time to give tenants 24 hours notice.

Listing Status:

Active

Date Added:

June 19, 2026

Data Last Updated:

June 20, 2026 at 9:17PM

Listing Office:

Pearson Smith Realty, LLC : 3043152773

Listing Agent:

Adam Morgan Brand : 3015143392

MLS ID:

MDWA2037706

Interior

• Appliances: RefrigeratorOven/Range - ElectricWaterHeater
• A/C: None
• Heating: Baseboard - ElectricElectric
• Disability Feature: Ramp - Main Level

Exterior

• General: Above GradeBelow Grade
• Style: Ranch/Rambler

Construction

• General: BlockSlab

Location

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

Lot

• Zoning: RMED2225005562

Utilities

• Utilities: Cable tv available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN