For Sale154d on marketHistoric · 141 yrs
200 E Franklin St
Hagerstown, MD, 21740 • 21740 • Washington County
$515,000
$140/sqft
Down payment assistance available
5Beds
3,684Sqft
0.06 acLot
1885Built
Property DNA
Other Style
Built 1885 · 141 years of history
Above Grade
Above Grade
Market activity
Demand and pricing signals for this listing
122 views
People checking out this listing
2 saves
Buyers have saved this home
154 days on market
Established listing
$140/sqft
Price per square foot
About this home
Multi Family · Built 1885 · Historic
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.
Standout features identified
Our analysis highlights brick building, fully leased residential apartments, and street-level restaurant as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,172/month
Principal & Interest$2,486
Property Tax$515
Insurance$172
Down payment20% ($103,000)
3%50%
Est. 6.06% rate · 30yr fixed · $412,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1885
HeatingBaseboard, Electric
CoolingOther, Electric
ParkingOpen Parking
Days on Zillow154 Days
Price/sqft$140
Property
Home typeMulti Family
Sub-typeMulti Family
StyleOther
Year built1885
Systems
HeatingBaseboard, Electric
CoolingOther, Electric
RoofAsphalt
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingOn Street
Lot2,614 sqft
Location & Tax
Neighborhood21740
ZoningCCMU
Annual tax$4,779
Parcel22012347
Features & details
8 categories of property features
Interior Features
Appliances
Electric Water Heater
Heating
Baseboard
Electric
Cooling
Other
Electric
Accessibility
None
Exterior Features
Parking
On Street
Construction
Brick
Pool Features
None
Other Structures
Above Grade
Listing insights
Market data and value estimates
StatusFor Sale
Days on market154
Est. value$503,900
Est. rent$1,625/mo
Tax rate0.80%
Price/sqft$140
On marketNov 5, 2025
PostedNov 5, 2025
Last sold$305,000
MLS updatedDec 10, 2025
Tour days9
Views122
Favorites2
How are the schools in Hagerstown?
3 schools rated nearby
Location
Hagerstown, MD, 21740
Price history
5 events
DateEventPrice$/sqftSource
Nov 5, 2025Listed For Sale$515,000$140Bright MLS
Mar 15, 2022Sold$305,000$83Public Record
Oct 9, 2007Sold$200,000$54Public Record
Mar 28, 2000Sold$140,000$38Public Record
Apr 22, 1997Sold$123,000$33Public Record
Listed For Sale$515,000
Nov 5, 2025•$140/sqft•Bright MLS
Sold$305,000
Mar 15, 2022•$83/sqft•Public Record
Sold$200,000
Oct 9, 2007•$54/sqft•Public Record
Sold$140,000
Mar 28, 2000•$38/sqft•Public Record
Sold$123,000
Apr 22, 1997•$33/sqft•Public Record
Tax history
11 years of records
YearTax paidAssessed value
Apr 9, 2025$2,736$299,000
Apr 9, 2024$4,779$249,300
Apr 9, 2023$3,826$199,600
Apr 9, 2022$2,874$149,900
Apr 9, 2021$2,904$149,900
Apr 9, 2020$2,904$149,900
Apr 9, 2019$2,927$151,100
Apr 9, 2018$2,927$151,100
Apr 9, 2017$1,831$151,100
Apr 9, 2016$3,330$153,000
Apr 9, 2015$3,330$153,000
Nearby homes
Neighborhood details
Local context around this listing
Hagerstown, MD • Washington County
Nearby neighborhoods
Fountainhead-Orchard HillsParamount-Long Meadow
Nearby cities
BoonsboroClear SpringHagerstownHalfwayHancockKnoxvilleRobinwoodShepherdstown
Nearby zip codes
21740217412174221746217472174821749
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