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Mixed-Use Building with Apartments
For Sale
$345,000

221-223 W FRANKLIN St, Hagerstown, MD 21740

Two residential apartments are positioned above a lower-level area intended for commercial use.

Property SizeContact for details
Days on Market50

Property Features for 221-223 W FRANKLIN St

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,479

Building Details

Year Built 1878
Buildings 1
Units 3
Listing Agency: Berkshire Hathaway HomeServices Homesale Realty
Listed By: Joshua L Woods · License #625976
Source: Elliman
Added: Sep 11 Changed: Oct 25 Last Checked: Oct 28 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Homesale Realty

Rey
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Investment Insights

Based on property information with market context.

This mixed-use building at 221-223 W FRANKLIN St combines a lower-level commercial area with two residential apartments on the upper floor. Constructed in 1878, the property offers separate residential and commercial components within one building.

The property is in Hagerstown, MD 21740. WalkScore is 79, rated Very Walkable; BikeScore is 73, rated Very Bikeable; and TransitScore is 28, rated Some Transit.

Key Highlights

  • Two residential apartments on the upper level
  • Lower‑level area intended for a commercial unit
  • Mixed‑use building constructed in 1878

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Dental Office Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Clothing & Fashion Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,938
Businesses Nearby

Demographics for 21740, MD

65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two residential apartments are positioned above a lower-level area intended for commercial use.
Where is this mixed-use property located?
The property is located at 221-223 W FRANKLIN St Hagerstown, MD.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two residential apartments on the upper level; Lower‑level area intended for a commercial unit; Mixed‑use building constructed in 1878
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