616 W FRANKLIN St Hagerstown, MD 21740

Building Details

Year Built

1895

Listing office RG Realty, Inc. r***@rgrealtyinc.com Show Phone

Listing date Apr 27, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

Located at 616 W Franklin Street in Hagerstown, this solid brick three-unit property is fully rented and generates $3,175 per month in gross rental income, totaling $38,100 annually. The property consists of three 2-bedroom, 1-bath units, each with private parking. All units are separately metered for electric and feature baseboard heating. The property offers durable construction, functional layouts, and strong long-term rental demand in an established Hagerstown location, just minutes from I-70, I-81, and downtown amenities. This multifamily asset with separate utilities and reliable income streams is located in Washington County. The property is bikeable with a score of 59, very walkable with a score of 80, and has some transit with a score of 28.

Key Highlights

• Fully rented triplex generating $3,175 monthly income ($38,100 annually).
• Three 2‑bedroom, 1‑bath units, each with private parking.
• Separately metered electric for each unit, with tenants responsible for utility costs.

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FAQs

What type of property is this?

Triplex - Solid, income-producing triplex in Hagerstown with separate utilities.

Where is this triplex located?

The property is located at 616 W FRANKLIN St Hagerstown, MD.

What is the asking price?

The asking price for this property is $329,900.

What are key features of this property?

This property features: Fully rented triplex generating $3,175 monthly income ($38,100 annually).; Three 2‑bedroom, 1‑bath units, each with private parking.; Separately metered electric for each unit, with tenants responsible for utility costs.