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About This Home

This 0-bedroom, 0-bathroom residential multi family at 616 W FRANKLIN Street in Hagerstown, MD is listed for $329,900 ($122 per sqft). Built in 1895, the home offers 2,715 sqft of living space on a 0.08 acres lot.

Agent Description

Fully Rented Triplex | $3,175 Monthly Income | Hagerstown Solid brick three-unit property located at 616 W Franklin Street, delivering immediate and stable cash flow. The asset is fully occupied and generates $3,175 per month in gross rental income, totaling $38,100 annually.

The property consists of three 2-bedroom, 1-bath units, each with private parking. All units are separately metered for electric and feature baseboard heating, keeping utility costs with the tenants and providing a clean, predictable expense structure.

This is a true plug-and-play investment. Take over and continue collecting consistent income from day one. The building offers durable construction, functional layouts, and strong long-term rental demand in an established Hagerstown location, just minutes from I-70, I-81, and downtown amenities.

Stabilized multifamily assets with separate utilities and reliable income streams continue to perform well in Washington County. Whether you are expanding your portfolio or entering the multifamily space, this is a straightforward, income-producing property with proven performance.

Key Features

  • Built in 1895
  • 0.08 acre lot

Property Details

1895

Amenities

A/C

Monthly Cost Estimate

$1,764/mo

20% down · 6.5% · 30 years

Principal$239
Interest$1,430
Insurance$96

Estimates only. Actual payments may vary.

Location

616 W FRANKLIN Street

Hagerstown, MD 21740

Property Details

Construction

Brick

Parking

Off StreetOn Street

Heating

BaseboardElectric (Heating)

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 616 W FRANKLIN Street is listed at $329,900 ($122/sqft). The estimated monthly payment is $1,430 based on 20% down at 6.5% interest.

Key features include: Built in 1895, 0.08 acre lot.

This property is listed by Roberto G. Gonzalez and can be reached at 3019910207 or roberto@rgrealtyinc.com.

RG

Roberto G. Gonzalez

Agent at RG Realty, Inc.

(301) 991-0207

Listed by RG Realty, Inc. · View on Broker Site

MLS# MDWA2034700· Source: listhub· Updated 89 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

616 W FRANKLIN Street, Hagerstown, MD 21740

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