136-138 East Franklin Street

Hagerstown, MD 21740

$675,000
Price
—
Beds
5,000 Sq. Ft.
$135 / Sq. Ft.
5,000
Sq. Ft.
$135
per Sq. Ft.

Description

Prime 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...Prime 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
  1. Listed by Roberto G. Gonzalez • RG Realty, Inc.
    P: (301)-991-0207 roberto@rgrealtyinc.com

Property Details for 136-138 East Franklin Street

Tax ID Number
2222015702
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
No
Expected On Market Date
11-18-2024
Municipality
Hagerstown
LISTING UPDATED: 11/15/2024 11:19 AM

Property Details for 136-138 East Franklin Street

StatusActive
MLS #MDWA2025592
Days on Market3
Taxes$4,055 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1894
Lot Size0.23 AC / 9,840 SF
CountyWashington County

Building Information for 136-138 East Franklin Street

Stories-Residences4Year Built1894Building Size-Lot Size0.23 AC / 9,840 SF

Property Information for 136-138 East Franklin Street

Location
Location
  • In City Limits: Yes
  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138761341
  • SchoolDistrictSource: 3rd Party
  • County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $206,200
  • Year Assessed: 2021
  • County Tax: $1,927
  • Improvement Assessed Value: $151,400
  • City Town Tax: $2,127
  • Land Assessed Value: $54,800
  • Clean Green Assessed: No
  • Land Use Code: 104
  • Zoning: CCMU
  • School Tax: $0
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 4
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 5,000.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 11633721
Parking
Parking
  • Type Of Parking: On Street, Other, Off Street
  • Off Street - # of Spaces: 6
  • Parking Features: Fenced, Gravel Driveway
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Pen-Mar REALTORS
  • List Agent URL: Hagerstowncommercialrealestate.com

Property History for 136-138 East Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 136-138 East Franklin Street

This home is within Washington County Public Schools.
Rating
School
Type
Grades
Distance
Ruth Ann Monroe Primary
Public - PK to 2
Eastern Elementary School
Public - 3 to 5
E. Russell Hicks Middle School
Public - 6 to 8
South Hagerstown High School
Public - 9 to 12
Rating
School
Distance
Ruth Ann Monroe Primary
PublicPK to 2

Eastern Elementary School
Public3 to 5

E. Russell Hicks Middle School
Public6 to 8

South Hagerstown High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 136-138 East Franklin Street, Hagerstown, MD 21740

136-138 East Franklin Street is a multi-family home for sale in Hagerstown, MD 21740. This property was listed for sale on November 15, 2024 by RG Realty, Inc., it's currently listed at $675,000. This listing's school district is Washington County Public Schools. Nearby schools include Ruth Ann Monroe Primary, Eastern Elementary School and E. Russell Hicks Middle School. 136-138 East Franklin Street is a 0-bed, 0-bath, 5,000 sqft multi-family home built in 1894.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RG Realty, Inc.

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/15/2024 11:19 AM