Hagerstown, MD 21740 500 Salem Avenue

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Presented By: RG Realty, Inc.
  • MLS# MDWA2032214
  • 10/16/2025
  • Request Tour
  • Request Info
  • Beds • 6

Home Details

Turnkey Investment Real Estate & Business with On/Off class D Liquor License! Discover a true value-add investment with Harmans Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers EIGHT TOTAL UNITS, including retail space and spacious apartments all currently occupied by long-term tenants. Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation. Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find. Schedule your private tour today!
Presented By: RG Realty, Inc.

Interior Features for 500 Salem Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 500 Salem Avenue

AccessibilityNone
Architectural StyleOther
CityHAGERSTOWN
Construction MaterialsBlock, Brick
Cool FuelElectric
CoolingNone
CountyWASHINGTON
DirectionsGPS
Garage Y/NNo
HeatingBaseboard - Electric
Living Area9165
Lot Size Square Feet11240.00
Lot Size UnitsSquare Feet
MunicipalityHagerstown
New ConstructionNo
Number Of Units Total4
NumberOfUnitsVacant1
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG73.65
Property SubtypeOther
Property TypeMulti-Family
School DistrictWASHINGTON COUNTY PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount5235.0
Tax Assessed Value273100.0
Tax Year2024
Total SQFT9165
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningRMED

Exterior for 500 Salem Avenue

Foundation DetailsBrick/Mortar
Lot Size Acres0.26
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street, Driveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $675,000
MLS#MDWA2032214
List Date 10/16/2025
Property Type Multi-Family
Phone 703.929.4729
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