200 E FRANKLIN ST Hagerstown, MD 21740
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,684 sqft
Price per Sqft $139
MLS Listing ID MDWA2032518
Style Other
Abv Grd Liv Area 3,684
Year Built 1885
Available Date 2025-11-07
Annual Tax Amount $4,779
Tax Year 2025
Lot Size 2,614 Sqft
Acres 0.06
Property Sub-Type Detached
Source BRIGHT
Property Description
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.
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Other
Heat Source Electric
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Foundation Permanent
Above Ground Finished SqFt 3684
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2222012347
Ownership Fee Simple
SqFt Source 3684
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
GET MORE INFORMATION
- Homes For Sale in Montclair, NJ
- Homes For Sale in Upper Montclair, NJ
- Homes For Sale in Bloomfield, NJ
- Homes For Sale in West Orange, NJ
- Homes For Sale in Verona, NJ
- Homes For Sale in Caldwell, NJ
- Homes For Sale in Wayne, NJ
- Homes For Sale in Clifton, NJ
- Homes For Sale in Cedar Grove, NJ
- Homes For Sale in Maplewood, NJ
- Homes For Sale in South Orange, NJ