115 East Ave, Hagerstown, MD 21740

Turnkey Duplex Investment with Immediate Cash Flow & Long-Term Upside Discover a rare opportunity to own a fully leased two-unit Colonial duplex in the heart of Hagerstown’s growing rental market. Each spacious 2-bedroom, 1-bathroom unit features approximately 959 sq. ft. of living space with separate entrances and electric meters, offering low-maintenance income generation and long-term tenant stability. Sitting on a 9,840 sq. ft. lot, this well-maintained property delivers $2,250/month in rental income (approx. $27,000 annually), with both units on month-to-month leases at current market rates. The bottom unit is $975 and the top unit $1,275. The pro forma gross rent multiplier (GRM) under 10 and potential 8–10% cap rate make this a standout opportunity for investors seeking cash flow with equity growth potential. Recent comparable sales in the immediate area have reached up to $233,500–$250,000 for smaller or single-unit properties, highlighting the under appreciated potential...