200 E Franklin St Hagerstown, MD 21740
Central NeighborhoodEstimated payment $3,072/month
Highlights
- Cooling Available
- Ruth Ann Monroe Primary School Rated A-
- Electric Baseboard Heater
About This Home
Prime Downtown Mixed-Use Investment Exceptional opportunity to own a fully occupied mixed-use property in the heart of Downtown Hagerstown! This well-maintained brick building features a street-level restaurant and four fully leased residential apartments above, generating $4,000 per month in rental income. Tenants pay all utilities, providing a low-expense, high-yield investment. Located just steps from the Arts & Entertainment District, restaurants, breweries, and the Maryland Theatre, this property sits in the path of downtown revitalization and ongoing city investment. Tenants enjoy convenient access to public parking, nearby retail, and public transportation. Highlights: Fully occupied mixed-use property bringing in $4,000/month Ground-floor restaurant space with private ownership Four residential apartments on upper levels Separate utilities – tenants pay all Excellent visibility and foot traffic in revitalized downtown corridor Turnkey income producer – stable tenants and strong returns Perfect for investors seeking a cash-flowing property in a growing downtown market with continued upside potential.
Listing Agent
(240) 203-6393 krystal@rgrealtyinc.com RG Realty, Inc. License #679847 Listed on: 11/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,779
Year Built
- Built in 1885
Lot Details
- 2,614 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 3,684 Sq Ft Home
- Brick Exterior Construction
- Permanent Foundation
- Asphalt Roof
Utilities
- Cooling Available
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 2222012347
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $2,271 | $299,000 | $40,000 | $259,000 |
| 2024 | $2,271 | $249,300 | $0 | $0 |
| 2023 | $1,826 | $199,600 | $0 | $0 |
| 2022 | $1,366 | $149,900 | $40,000 | $109,900 |
| 2021 | $1,502 | $149,900 | $40,000 | $109,900 |
| 2020 | $1,413 | $149,900 | $40,000 | $109,900 |
| 2019 | $1,407 | $151,100 | $40,000 | $111,100 |
| 2018 | $1,831 | $151,100 | $40,000 | $111,100 |
| 2017 | $1,431 | $151,100 | $0 | $0 |
| 2016 | -- | $153,000 | $0 | $0 |
| 2015 | -- | $153,000 | $0 | $0 |
| 2014 | $3,330 | $153,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | For Sale | $515,000 | -- | $140 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $305,000 | First American Title | |
| Deed | $200,000 | -- | |
| Deed | $200,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $140,000 | -- | |
| Deed | $123,000 | -- |
Source: Bright MLS
MLS Number: MDWA2032518
APN: 22-012347
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