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28087785
28087786

200-202 E Franklin St, Hagerstown, MD 21740

RG
MD 598229
RG Realty Inc
KS
MD - 679847
RG Realty Inc
Listed by RG Realty Inc
$515,000
213 days on market
Updated 99 days ago

Prime Downtown Mixed-Use Property

Details
Property Type Multifamily
Sub Type Apartment Building
Units 5
Occupancy 100%
Class C
Buildings 1
Stories 2
Investment Type Value Add
Ownership Fee Simple

Multifamily | 5 Units | $103,000/unit

Marketing description

🏙️ 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 with strong, stable returns.

Located just steps from the Arts & Entertainment District, Maryland Theatre, popular restaurants, and breweries, this property sits directly within Hagerstown’s downtown revitalization corridor—benefiting from ongoing public and private investment in the area.
Tenants enjoy convenient access to public parking, nearby retail and transportation, and a vibrant walkable neighborhood that continues to attract both residents and visitors.

Investment highlights

đź’Ľ Investment Highlights

  • Fully occupied mixed-use property generating $4,000/month in rent

  • Ground-floor restaurant space with private ownership

  • Four residential apartments on the upper levels

  • Separate utilities – tenants pay all

  • Excellent visibility & foot traffic in revitalized downtown corridor

  • Turnkey income producer with minimal management required

  • Strong rental history and stable tenant base

  • Positioned for appreciation in a growing downtown market

Listing Contacts

RG
MD 598229
RG Realty Inc
KS
MD - 679847
RG Realty Inc
Listed by RG Realty Inc

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