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200 E Franklin St
For Sale $515,000 ($139.79 per Sq Ft)
$515,000 ($139.79 per Sq Ft)
- 4 Units
- 3,684 Sq Ft
- 2,614 Sq Ft
- Unknown Cap Rate
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.
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $515,000 |
| Property Type | Other |
| Usable Sqft | 3,684 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1885 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2222012347 |
| MLS # | MDWA2032518 |
| Property ID | 322317270 |
| Lot Sqft | 2,614 |
| Zoning | CCMU |
| Total Units | 4 |
| Days on Market | 41 |
| Original List Price | Unknown |
| Date Updated | December 10, 2025 |
| Date Created | November 04, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Krystal Stewart an agent of . Lic #679847
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Data last updated: December 15, 2025.
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Robert Crawford
REAL ESTATE AGENT