200 E Franklin St, Hagerstown, MD 21740

Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
200 E Franklin St,Hagerstown, MD 21740
$515,000
  • 5 Beds
  • - Baths
  • 3,684 sq. ft.
  • Multi-family
  • Active
Listed by: krystal stewart
Office: rg realty, inc.
MLS#:MDWA2032518
Source:BRIGHTMLS

Price summary

  • Price:$515,000
  • Price per sq. ft.:$139.79

About this home

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

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Home facts

  • Year built:1885
  • Listing ID #:MDWA2032518
  • Added:48 day(s) ago
  • Updated:December 18, 2025 at 02:28 PM

Rooms and interior

  • Bedrooms:5
  • Living area:3,684 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Roof:Asphalt
  • Year built:1885
  • Building area:3,684 sq. ft.
  • Lot area:0.06 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$515,000
  • Price per sq. ft.:$139.79
  • Tax amount:$4,779 (2025)

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