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    200 E Franklin St Hagerstown, MD 21740

    For Sale
    $515,000

    MULTI_FAMILY - HAGERSTOWN, MD

    Property size:
    3,684 SF
    Lot size:
    0.06 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 200 E Franklin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street
    Size
    3,684 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard

    Building Details

    Year built
    1885
    Number of units
    4
    Building materials
    Brick

    RG Realty, Inc. (240) 329-9454 [email protected]

    Listing agent Krystal Stewart (813) 323-0463 License #679847

    Listing date Nov 5, 2025

    MLS# MDWA2032518 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Hagerstown Mixed-Use Investment

    This fully occupied mixed-use property is located in downtown Hagerstown. The well-maintained brick building includes a street-level restaurant and four fully leased residential apartments above. The property generates $4,000 per month in rental income. Tenants are responsible for all utilities. The property is located steps from the Arts & Entertainment District, restaurants, breweries, and the Maryland Theatre. The location benefits from downtown revitalization and ongoing city investment. Tenants have convenient access to public parking, nearby retail, and public transportation. The property is 3,684 square feet and sits on a 0.06-acre lot. The ground-floor restaurant space has private ownership. The property has excellent visibility and foot traffic in a revitalized downtown corridor. It is suitable for investors seeking a cash-flowing property in a growing downtown market with continued upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CoinFlip Bitcoin ATM Atm Western Union Money Transfer Service 7-Star Mini Market Store Innernet Inc Cell Phone Store Nadia Convenience Store Convenience Store

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.72332
    Latitude
    39.64553

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use property in revitalized downtown Hagerstown.
    Where is this mixed-use property located?
    The property is located at 200 E Franklin St Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $515,000.
    What are key features of this property?
    This property features: - Turnkey income producer with stable tenants and strong returns.; - Prime downtown location in a revitalized area with high foot traffic.; - Fully occupied mixed-use property generating $4,000/month income.
    (813) 323-0463
    Request Owner's contact information
    200 E Franklin St Hagerstown, MD 21740
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    Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 E Franklin St Hagerstown, MD 21740
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