About This Home
This 0-bedroom, 0-bathroom residential multi family at 382 S CLEVELAND Avenue in Hagerstown, MD is listed for $650,000 ($116 per sqft). Built in 1962, the home offers 5,602 sqft of living space on a 0.25 acres lot.
Key Features
- Built in 1962
- 0.25 acre lot
- 11 parking spaces
Property Details
Amenities
Prime Corner Location just behind the new Hagerstown SportsPlex/Field House! This exceptional mixed-use property offers outstanding investment potential with 3 income-producing residential apartments, 12 parking spaces, and 2 garages. The expansive first floor features 6 private office/exam rooms, 4 half bathrooms, and a kitchen.
Previously operated as a daycare and, before that, as a medical office, this versatile space is ideal for a wide range of commercial uses, including professional offices, medical practices, educational facilities, and more. It may also offer the opportunity to be converted into additional residential units, subject to buyer verification and approval.
Buyers are encouraged to perform their own due diligence with the City of Hagerstown regarding zoning, permitted uses, and redevelopment possibilities. The upper level consists of 3 residential apartments, providing immediate rental income and multiple revenue streams.
The building is also equipped with a sprinkler system, adding value and flexibility for future use. Located in one of Hagerstown's fastest-growing commercial and entertainment districts, this corner property offers excellent visibility, easy access, and tremendous long-term appreciation potential.
Whether you're an investor looking to expand your portfolio, an owner-occupant seeking business space with rental income, or a developer exploring future opportunities, this property delivers exceptional versatility and value. Don't miss this rare opportunity to own a high-income mixed-use property in one of Hagerstown's most desirable growth areas!
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
382 S CLEVELAND Avenue
Hagerstown, MD 21740
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 382 S CLEVELAND Avenue is listed at $650,000 ($116/sqft). The estimated monthly payment is $3,477 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1962, 0.25 acre lot, 11 parking spaces.
This property is listed by Yahaira Diaz and can be reached at 2404189074.





