www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27317478
27317492

616 W Franklin St, Hagerstown, MD 21740

RG
MD 598229
RG Realty Inc
Listed by RG Realty Inc
$334,900
255 days on market
Updated 67 days ago

Franklin St Rentals

Details
APN 1476
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,715
Net Rentable (SqFt) 2,715
Units 3
Occupancy 100%
Broker Co-Op Yes
Class C
Year Built 1895
Year Renovated 2021
Buildings 1
Stories 3
Acreage 0.080
Zoning RMED
Parking Spaces 3 spaces
Parking Per SqFt 1.10
Investment Type Owner/User
Ownership Fee simple

Multifamily | 3 Units

Marketing description

Fully Rented Triplex Generating $3,350 Per Month in Hagerstown Solid brick three-unit property located at 616 W Franklin Street offering immediate, stable cash flow. This fully rented triplex produces $3,350 per month in gross rental income, totaling $38,100 annually. The property consists of three two bedroom, one bath units, each with private parking. Every unit is separately metered for electric and features baseboard heating, keeping utility responsibility with the tenants and operating expenses predictable for ownership. Simply take it over and continue collecting steady income from day one. The building offers durable construction, practical layouts, and long term rental appeal in an established area of Hagerstown within close proximity to I 70, I 81, and downtown amenities. Stabilized multifamily properties with this level of income and separate utilities remain in strong demand in Washington County. Whether you are adding to an existing portfolio or entering the multifamily space, this is a straightforward income producing asset with proven performance.

Investment highlights

  • Fully occupied

  • All-brick

  • Private parking

  • baseboard heating

  • separate electric service.

Listing Contacts

RG
MD 598229
RG Realty Inc
Listed by RG Realty Inc

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591