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136 138 E Franklin Street

Hagerstown, MD 21740

– beds
– baths
5,000 sqft
9,840 sqft lot
$135 per sqft
1894 build

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

Listing courtesy of BRIGHT / RG Realty, Inc.

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# MDWA2025592 —

The Building

Year Built:

1894
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Brick
Structure Type:

Detached
Architectural Style:

Colonial
Building Units Total:

4
Accessibility Features:

None
Foundation Details:

Permanent, Other, Concrete Perimeter
Total SqFt Source:

Estimated

Interior

Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

5000
Living Area SqFt:

5,000 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

GPS
Latitude:

39.64195000
Longitude:

-77.71535000

The Property

Property Subtype:

Other
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.23
Lot Size Source:

Estimated
Lot SqFt:

9,840 Sqft
Zoning:

CCMU
In City Limits:

Yes
Other Structures:

Above Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

104
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2222015702
Tax Year:

2021
Tax Annual Amount:

$4,055
Tax Assessed Value:

$206,200
Year Assessed:

2021
County Tax:

1927.00
City/Town Tax:

2127.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Washington County Public Schools
School District Source:

3rd Party

The Community

Pool:

No Pool

Parking

Total Garage and Parking Spaces:

6
Garage:

No
Type of Parking:

On Street, Other, Off Street
Parking Features:

Fenced, Gravel Driveway
Off Street - # of Spaces:

6

Extra Units

Vacation Rental:

No
Two Bedroom Units:

2
Three Bedroom Units:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/15/24 Nov 15, 2024	Listed / Active	BRIGHT	$675,000

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This multifamily located in Downtown Hagerstown, Hagerstown, MD 21740 is currently for sale for $675,000. 136 138 E Franklin Street is a 5,000 square foot multifamily with – beds and – baths. 136 138 E Franklin Street is in the Downtown Hagerstown neighborhood of Hagerstown and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of E. Russell Hicks School, South Hagerstown High School, Eastern Elementary School, and Ruth Ann Monroe Primary School.

Listing Courtesy of: BRIGHT and RG Realty, Inc..

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.