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MLS: #MDWA2038866, Listed By: Alex Saenger, CENTURY 21 New Millennium, Source:Bright MLS

113 117 119 Fairground Avenue

HAGERSTOWN, MD 21740
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Bed 6

Bed

Bath 0

Bath

SqFt1,610

Sqft

Acres0.13

Acre(Lot)

Three separately deeded parcels being sold together create an outstanding investment opportunity with immediate cash flow and future development potential. The sale includes the fully renovated duplex at 117 & 119 Fairground Ave along with the adjoining buildable lot at 113 Fairground Ave for a combined purchase price of $435,000. The duplex is fully occupied and currently generates $3,480 per month ($41,760 annually) in gross rental income. Unit 117 rents for $1,800/month and features 3 bedrooms, 1 full bath, and 1 half bath. Unit 119 rents for $1,680/month and offers 3 bedrooms and 1 full bath. Annual real estate taxes for all three parcels total approximately $6,816. Both residences have been thoughtfully renovated while maintaining their classic charm. Improvements include refinished hardwood floors, fresh paint throughout, renovated kitchens with upgraded cabinetry and appliances, updated bathrooms, modern lighting, updated fixtures, and new electric central HVAC systems providing both heating and air conditioning in each unit. This is a significant advantage over many comparable rental properties in the area that still rely on older heating systems paired with window air conditioners. Each unit features spacious living and dining rooms, shared covered front and rear porches, separate basements, and access to a detached two-car garage located at the rear of the property. What truly sets this property apart is the separately deeded lot at 113 Fairground Ave. Situated directly beside the duplex, this flat RMED-zoned parcel offers outstanding future potential. The seller has confirmed with the City that the lot is suitable for construction of a new single-family residence, although a duplex is not permitted. Buyers should verify all development plans with the City of Hagerstown. If you choose not to build immediately, the additional lot offers endless possibilities including expanded parking, a large vegetable garden, outdoor recreation space, storage, or simply holding for future appreciation. Located in the heart of Hagerstown, the property provides convenient access to downtown restaurants and shopping, Hagerstown City Park, the Maryland Theatre, Hagerstown Premium Outlets, and I-70 and I-81 for easy commuting. Whether you're adding to your rental portfolio, completing a 1031 exchange, or looking for an investment with both dependable income and long-term upside, opportunities like this are hard to find. Enjoy immediate cash flow from two renovated, tenant-occupied units today while owning a separately deeded buildable lot that creates additional value for tomorrow.

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Detail Ic Property Details

Property Type : Residential Income

Price : $435,000

AD Id : 88396524

MLS Id : MDWA2038866

Beds : 6

Lot Size : 0.13 Acre

Living Area Size : 1,610

Year Built : 1920

Garage : 2

County : WASHINGTON

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Feature Features

  • Bedroom Information

    Total beds: 6

    Room Information

    Has Basement: Yes
  • Flooring Information

    Wood
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Central Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1920 Building Area Total: 2415 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.13 Lot Size Source: Assessor Lot Size Square Feet: 5640 Lot Description: Level

  • Listing Price Information

    Listing Price: $435000

  • Tax Information

    Parcel Number: 2222000551 Tax Year: 2025 Annual Tax: $2976

  • Parking Information

    Parking Total: 4 Off Street, On Street, Gravel, Garage, Detached

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Hagerstown, See GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9947 Crossfield Road, Hagerstown, MD, 21740 $675,000 8 -- 1,428 1,428 SqFt
382 S Cleveland Avenue, Hagerstown, MD, 21740 $650,000 7 -- 5,602 5,602 SqFt
135 Fairground Avenue, Hagerstown, MD, 21740 $359,900 6 -- 2,124 2,124 SqFt
601-603 N Mulberry Street, Hagerstown, MD, 21740 $389,900 4 -- 5,580 5,580 SqFt
422 N Locust Street, Hagerstown, MD, 21740 $284,990 3 -- 2,580 2,580 SqFt
228 E Washington Street, Hagerstown, MD, 21740 $275,000 3 -- 2,048 2,048 SqFt
106 Randolph Avenue, Hagerstown, MD, 21740 $279,000 3 -- 1,998 1,998 SqFt
16 S Mulberry Street, Hagerstown, MD, 21740 $525,000 6 -- 4,316 4,316 SqFt
629 Oak Hill Avenue, Hagerstown, MD, 21740 $1,175,000 12 -- 8,319 8,319 SqFt
141 S Mulberry Street, Hagerstown, MD, 21740 $224,995 3 -- 2,112 2,112 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 07/25/2026 @ 10:28

MLS: MDWA2038866 LISTED BY: Alex Saenger, CENTURY 21 New Millennium 301-519-8100 SOURCE: Bright MLS

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