616 W FRANKLIN Street, Hagerstown, MD 21740
MULTI_FAMILY - Colonial - HAGERSTOWN, MD
- Added:
- Mar 4, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 12 at 2:06 pm
Property Features for 616 W FRANKLIN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Off Street
- Standard status
- Active
- Size
- 2,715 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3348
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1895
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Roberto G. Gonzalez License #598229 (301) 991-0207
Listing office RG Realty, Inc. 12907 Oak Hill Avenue, SMITHSBURG, MD (240) 203-6393
Listing date Mar 4, 2026
Copyright © 2026 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.
HighLights
- Fully rented triplex at 616 W Franklin Street generating $3,175/month gross rental income ($38,100/year).
- Three units with 2 bedrooms and 1 bath each.
- Brick Colonial building built in 1895.
- Separate electric meters with baseboard electric heat; tenant pays utilities.
- On‑street and off‑street parking included, with private parking for each unit.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $16.20 |
| − Vacancy | −$3.3k | −$1.22 |
| EGI | $40.7k | $14.99 |
| − OpEx | −$12.2k | −$4.50 |
| NOI | $28.5k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.72925
- Latitude
- 39.64835
