Buying In Hagerstown, MD
Sell Your Commercial Property In Hagerstown, MD
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Hagerstown and across Washington County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Hagerstown · Halfway · Robinwood · Maugansville — Washington County, MD
Why Hagerstown
Why We Buy Multifamily In Hagerstown
Hagerstown, MD is a Washington County city of 43,665 residents per ACS 2020-2024. Renters head 56.7% of households, and median gross rent is $1,114 a month. Meritus Medical Center, Volvo Group's powertrain plant and new distribution centers anchor local jobs. Hagerstown parcels pay a city tax rate on top of a reduced county rate, and every rental unit needs an annual city license. This profile covers rents, taxes and local rental rules for owners who want to sell commercial property in Hagerstown, MD.
Meritus Medical Center
Meritus Medical Center on Medical Campus Road has more than 327 beds; the Meritus Health system reports over 4,000 employees.Volvo Group powertrain plant
Volvo Group's 1.5 million square-foot Hagerstown plant employs about 1,400 people building engines, transmissions and axles.Conair distribution center
Maryland announced in October 2023 a 2.1 million square-foot Conair center on Downsville Pike, bringing about 700 jobs.Our Buy Box
What We Buy In Hagerstown
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Hagerstown Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Hagerstown, MD
Renters head 56.7% of Hagerstown households, or 10,294 homes, per ACS 2020-2024 tenure data. Washington County's renter share is 33.2%.
Buildings of five or more units hold 22.0% of Hagerstown housing, per table B25024. Hagerstown's stock is old: 67.5% predates 1980, per table B25034, and the median home dates to 1962.
Rents and affordability
Median gross rent in Hagerstown is $1,114 a month, per ACS 2020-2024, against $1,705 statewide. Rental vacancy is 4.4%, per ACS profile table DP04.
Of Hagerstown renters, 49.3% pay 30% or more of income on rent, per table B25070. Buyers underwrite those rents when owners sell commercial property in Hagerstown, MD.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $894 |
| One-bedroom | $982 |
| Two-bedroom | $1,284 |
| Three-bedroom | $1,714 |
| Four-bedroom | $1,923 |
These HUD FY2027 fair market rents cover the Hagerstown, MD HUD Metro FMR Area, effective October 1, 2026.
Property taxes in Washington County and Hagerstown
Hagerstown parcels pay a combined $1.972 per $100 of assessed value for 2026-2027, per the Maryland SDAT tax rate table. That is $1.057 to the City of Hagerstown, $0.803 to Washington County and $0.112 to the state.
On a $2,000,000 assessment, that is $21,140 city, $16,060 county and $2,240 state, or $39,440 a year. A deal to sell commercial real estate in Hagerstown, MD also carries Maryland's 0.5% state transfer tax, or $10,000.
Landlord rules
Every Hagerstown rental facility leasing to residential tenants must hold a city rental license, with a $75 annual fee per unit. Exterior inspections run annually, and interior inspections occur every 48 months at tenant vacancy.
Maryland caps security deposits at one month's rent and requires their return within 45 days, under Real Property Section 8-203. License and inspection files travel with the deal when owners sell multifamily property in Hagerstown, so buyers ask for them early.
What it means for an owner
Owners who sell commercial property in Hagerstown, MD can point to 56.7% renter households and 4.4% rental vacancy. Median rent in Hagerstown, at $1,114, sits below HUD's two-bedroom FMR of $1,284. Buyers also price in a housing stock where 67.5% predates 1980.
When you sell your apartment building in Hagerstown, test your numbers with our cap rate calculator. Skyline Capital Investments buys 5+ unit apartment buildings, and our sell my apartment building page explains a direct sale.
Good To Know
What Shapes A Hagerstown Offer
More about selling in Maryland →Investing in Hagerstown? See apartment syndications in Hagerstown →
- Hagerstown pays $1.057 per $100 city tax plus $0.803 county and $0.112 state for 2026-2027.
- Hagerstown rental licenses cost $75 per unit each year, with annual exterior inspections.
- Owners who sell commercial real estate in Hagerstown, MD should keep license and inspection records ready.
Seller Guides
Selling In Hagerstown? Common Situations We Handle
Learn More
Taxes & Rules For Hagerstown Property
The Maryland rules that shape any deal in Hagerstown: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Hagerstown Seller FAQ
What property taxes apply when I sell commercial property in Hagerstown, MD?
Hagerstown parcels pay $1.972 per $100 for 2026-2027: $1.057 to the city, $0.803 to Washington County and $0.112 to the state, per Maryland SDAT. On a $2,000,000 assessment, that totals $39,440 a year. Maryland's 0.5% state transfer tax applies to the sale.
What should I know before I sell commercial real estate in Hagerstown, MD?
Buyers review the Hagerstown rental license and inspection history for each unit. Hagerstown charges $75 per unit each year, inspects exteriors annually and inspects interiors every 48 months at tenant vacancy. Maryland caps deposits at one month's rent.
How much do apartments rent for in Hagerstown?
Median gross rent in Hagerstown is $1,114 a month, per ACS 2020-2024. HUD's FY2027 fair market rent for a two-bedroom in the Hagerstown metro FMR area is $1,284. Of Hagerstown renters, 49.3% spend 30% or more of income on rent.
How old is the apartment stock in Hagerstown?
Hagerstown housing is older than Washington County's. In Hagerstown, 67.5% of homes were built before 1980, against 57.2% countywide, per ACS 2020-2024. The median Hagerstown home dates to 1962, which buyers weigh when selling commercial property in Hagerstown.
Who are the largest employers near Hagerstown?
Meritus Health reports over 4,000 employees, with more than 327 beds at Meritus Medical Center. Volvo Group's Hagerstown plant employs about 1,400 people. Conair's planned Downsville Pike distribution center was announced in 2023 with about 700 jobs.
Will you buy a Hagerstown property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Washington County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Hagerstown without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Hagerstown?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Have A Property In Hagerstown?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
