Patti Perez
Responds Quickly
Samson Properties
(240) 730-4229
158 Total Sales
3 in Central
$110K - $120K Price Range
136 E Franklin St Hagerstown, MD 21740
Central Neighborhood
Studio
--
Baths
5,000
Sq Ft
9,840
Sq Ft Lot
Highlights
- Colonial Architecture
- Ruth Ann Monroe Primary School Rated A-
- Electric Baseboard Heater
About This Home
As of January 2025Prime investment opportunity! Currently generating over $7,000 in monthly rental income with potential for further increases to market rates, this all-brick, fully-occupied multi-family property in downtown Hagerstown offers an exceptional addition to any portfolio. Featuring six spacious units, approximately 835 sq ft each, the building is fully equipped with separate electric meters, placing utility responsibility on tenants and streamlining management. Solid structural integrity is ensured with a brick and masonry foundation, complemented by new replacement windows that enhance energy efficiency. Each floor is thoughtfully laid out with two large units, providing tenants with ample living space and privacy. Situated in a high-demand area blending residential and commercial properties, the building benefits from a steady influx of local and out-of-town investors who are actively refurbishing neighboring properties. With rental licenses, lead certificates, and compliant zoning already in place, this property holds a legal, non-conforming grandfathered status, ensuring no adverse impact on rental income or property value. For added convenience, the property includes private rear parking, and current leases are available for qualified investors’ review. Located at the gateway to Hagerstown’s vibrant arts and entertainment district, this turnkey property offers strong rental appeal and significant investment potential. Don’t miss the opportunity to acquire a robust, low-maintenance property in a prime location.
AS A BONUS, PURCHASE THIS BUILDING ALONG WITH ANOTHER SIX-UNIT PROPERTY FROM THE SAME SELLER for an expanded investment opportunity in this vibrant area
Last Agent to Sell the Property
(240) 203-6393 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 11/15/2024
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,055
Year Built
- Built in 1894
Lot Details
- 9,840 Sq Ft Lot
Home Design
- 5,000 Sq Ft Home
- Colonial Architecture
- Brick Exterior Construction
- Permanent Foundation
- Concrete Perimeter Foundation
Parking
- 6 Parking Spaces
- 6 Off-Street Spaces
- Gravel Driveway
- On-Street Parking
- Fenced Parking
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 2222015702
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 15, 2024
Closed on
Jan 27, 2025
Sold by
E & C Property Solutions Llc
Bought by
Seller's Agent
Roberto Gonzalez
RG Realty, Inc.
Buyer's Agent
Craig Marsh
Marsh Realty
List Price
$675,000
Sold Price
$700,000
Premium/Discount to List
$25,000
3.7%
Views
34
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$517,111
Interest Rate
6.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 2021
Sold by
Amber Lanters Limited Partnesrhip
Bought by
E & C Property Solutions Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 30, 2008
Sold by
Sagi Stephen B
Bought by
Amber Lanterns Limited Partnership
Purchase Details
Closed on
Mar 18, 1984
Sold by
Wingert Irene Y
Bought by
Sagi Stephen B
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central, MD
-
Patti Perez
-
Jim Keating
Jim Keating
Keller Williams Realty Centre
(240) 376-2694
168 Total Sales
2 in Central
$132K - $240K Price Range
-
Tony Villeda
Tony Villeda
Vista Properties Group
(844) 365-2166
129 Total Sales
3 in Central
$155K - $260K Price Range
-
Piedad Suarez
Piedad Suarez
Spring Hill Real Estate, LLC.
(833) 427-2092
102 Total Sales
2 in Central
$115K - $203K Price Range
-
Jeannie Nguyen
Jeannie Nguyen
Century 21 Redwood Realty
(240) 363-3868
116 Total Sales
1 in Central
$275,000 Price
-
Matthew Wyble
Matthew Wyble
Next Step Realty
(443) 775-2465
333 Total Sales
1 in Central
$128,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $700,000 | None Listed On Document | ||
| E & C Property Solutions Llc | $250,000 | Premier Stlmt & Ttl Serices | |
| Amber Lanterns Limited Partnership | -- | -- | |
| Sagi Stephen B | $38,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $525,000 | ||
| Previous Owner | E & C Property Solutions Llc | $517,500 | |
| Previous Owner | E & C Property Solutions Llc | $270,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $700,000 | 0.0% | $140 / Sq Ft |
| 11/29/2024 11/29/24 | Price Changed | $700,000 | +3.7% | $140 / Sq Ft |
| 11/15/2024 11/15/24 | For Sale | $675,000 | -- | $135 / Sq Ft |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $2,225 | $390,700 | $0 | $0 |
| 2025 | $2,225 | $244,200 | $54,800 | $189,400 |
| 2024 | $2,109 | $231,533 | $0 | $0 |
| 2023 | $1,994 | $218,867 | $0 | $0 |
| 2022 | $1,878 | $206,200 | $54,800 | $151,400 |
| 2021 | $2,128 | $206,200 | $54,800 | $151,400 |
| 2020 | $1,919 | $206,200 | $54,800 | $151,400 |
| 2019 | $1,945 | $208,000 | $54,800 | $153,200 |
| 2018 | $2,146 | $207,900 | $0 | $0 |
| 2017 | $1,942 | $207,800 | $0 | $0 |
| 2016 | -- | $207,700 | $0 | $0 |
| 2015 | $4,481 | $207,700 | $0 | $0 |
| 2014 | $4,481 | $207,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Roberto Gonzalez
Seller's Agent in 2025
Roberto Gonzalez
RG Realty, Inc.
(301) 991-0207
70 in this area
151 Total Sales
-
Craig Marsh
Buyer's Agent in 2025
Craig Marsh
Marsh Realty
(301) 875-5978
28 in this area
714 Total Sales
Map
Source: Bright MLS
MLS Number: MDWA2025592
APN: 22-015702
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
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The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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