Hagerstown, MD 21740,136-138 E FRANKLIN ST
Hagerstown, MD 21740,136-138 E FRANKLIN ST
Hagerstown, MD 21740,136-138 E FRANKLIN ST
Hagerstown, MD 21740,136-138 E FRANKLIN ST
Hagerstown, MD 21740,136-138 E FRANKLIN ST
Hagerstown, MD 21740,136-138 E FRANKLIN ST
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Sue Thomas And Stacy Hilman

Sue Thomas And Stacy Hilman

+1(215) 622-3035
$ 700,000
Est. payment | /mo

5,124 SqFt


Save
$ 700,000
Est. payment | /mo
Save

5,124 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 5,124 sqft

Price per Sqft $136

MLS Listing ID MDWA2025590

Originating Board BRIGHT

Year Built 1894

Annual Tax Amount $4,055

Tax Year 2021

Lot Size 9,840 Sqft

Acres 0.23

Property Description

Prime investment opportunity! Currently generating over $7,000 in monthly rental income with potential for further increases to market rates, this all-brick, fully-occupied multi-family property in downtown Hagerstown offers an exceptional addition to any portfolio. Featuring six spacious units, approximately 835 sq ft each, the building is fully equipped with separate electric meters, placing utility responsibility on tenants and streamlining management. Solid structural integrity is ensured with a brick and masonry foundation, complemented by new replacement windows that enhance energy efficiency. Each floor is thoughtfully laid out with two large units, providing tenants with ample living space and privacy.

Situated in a high-demand area blending residential and commercial properties, the building benefits from a steady influx of local and out-of-town investors who are actively refurbishing neighboring properties. With rental licenses, lead certificates, and compliant zoning already in place, this property holds a legal, non-conforming grandfathered status, ensuring no adverse impact on rental income or property value. For added convenience, the property includes private rear parking, and current leases are available for qualified investors’ review. Located at the gateway to Hagerstown’s vibrant arts and entertainment district, this turnkey property offers strong rental appeal and significant investment potential. Don’t miss the opportunity to acquire a robust, low-maintenance property in a prime location.
AS A BONUS, PURCHASE THIS BUILDING ALONG WITH ANOTHER SIX-UNIT PROPERTY FROM THE SAME SELLER for an expanded investment opportunity in this vibrant area

Location

State MD

County Washington

Zoning CCMU

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 6.0

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2222015702

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Roberto G. Gonzalez • RG Realty, Inc.

GET MORE INFORMATION

Sue Thomas And Stacy Hilman

Partner | Lic# RS284038

+1(215) 622-3035

2003 S Easton Rd Suite # 108, Doylestown, PA, 18901

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136-138 E FRANKLIN ST