136 Franklin St Hagerstown, MD 21740

Property Details for 136 Franklin St

Year built

1894

Property size

5,124 SF

Property type

Commercial real estate

APN

0502

Description

This exceptional, fully occupied six-unit apartment building in downtown Hagerstown, Maryland presents a compelling investment opportunity. The property, located at 136 E Franklin St, boasts 5,124 square feet of net rentable space across three stories, situated on a 9,840 square foot lot (APN 0502). Built in 1894, this Class C multifamily building features six spacious units, each approximately 835 square feet, and is currently generating over $7,125 in monthly rental income. Each unit benefits from a separate electric meter, simplifying management and placing utility responsibility on tenants. The building's solid brick and masonry construction ensures structural integrity, enhanced by recently replaced windows improving energy efficiency. The thoughtful layout features two large units per floor, providing tenants with ample living space and privacy. Convenient private rear parking is also included. The property is zoned CCMU and enjoys a legal, non-conforming grandfathered status, ensuring compliance and protecting rental income. Current leases are available for review. This turnkey investment is located in a high-demand area experiencing significant revitalization, making it an ideal addition to any portfolio. The property's location at the gateway to Hagerstown's vibrant arts and entertainment district ensures strong rental appeal and significant future growth potential. This low-maintenance property offers a robust return on investment in a prime location. The fee simple ownership provides complete control and flexibility.