Property

Hagerstown, MD 21740 200 E Franklin Street

200 E Franklin Street Hagerstown, MD - Image 1200 E Franklin Street Hagerstown, MD - Image 2200 E Franklin Street Hagerstown, MD - Image 3
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200 E Franklin Street Hagerstown, MD - Image 4
Presented By: RG Realty, Inc.
  • MLS# MDWA2032518
  • 10/31/2025
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  • Beds • 5

Home Details

Prime Downtown Mixed-Use Investment Exceptional opportunity to own a fully occupied mixed-use property in the heart of Downtown Hagerstown! This well-maintained brick building features a street-level restaurant and four fully leased residential apartments above, generating $4,000 per month in rental income. Tenants pay all utilities, providing a low-expense, high-yield investment. Located just steps from the Arts & Entertainment District, restaurants, breweries, and the Maryland Theatre, this property sits in the path of downtown revitalization and ongoing city investment. Tenants enjoy convenient access to public parking, nearby retail, and public transportation. Highlights: Fully occupied mixed-use property bringing in $4,000/month Ground-floor restaurant space with private ownership Four residential apartments on upper levels Separate utilities tenants pay all Excellent visibility and foot traffic in revitalized downtown corridor Turnkey income producer stable tenants and strong returns Perfect for investors seeking a cash-flowing property in a growing downtown market with continued upside potential.
Presented By: RG Realty, Inc.

Interior Features for 200 E Franklin Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Basement (Y/N)No
Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 200 E Franklin Street

Acceptable FinancingConventional
AccessibilityNone
Architectural StyleOther
CityHAGERSTOWN
Construction MaterialsBrick
Cool FuelElectric
CoolingOther
CountyWASHINGTON
DirectionsGPS
Garage Y/NNo
HeatingBaseboard - Electric
Lease TypeYearly
Living Area3684
Lot Size Square Feet2614.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-11-05T19:24:58
New ConstructionNo
Number Of Units Total4
Number of Units Leased5
NumberOfUnitsVacant
One Bedroom Units Count5
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnerPaysTaxes - Personal property
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG139.79
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
RoofAsphalt
School DistrictWASHINGTON COUNTY PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount4779.0
Tax Assessed Value299000.0
Tax Year2025
Total SQFT3684
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1885
Year Built SourceEstimated
ZoningCCMU

Exterior for 200 E Franklin Street

Foundation DetailsPermanent
Land Assessed Value40000.00
Lot Size Acres0.06
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Karina Gil

Associate
Price $515,000
MLS#MDWA2032518
List Date 10/31/2025
Property Type Multi-Family
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