1 month on rocket

Backup Offers

136-138 E Franklin St, Hagerstown, MD, 21740

$700,000

Home List Price

$8,313*

Closing Credit

0 Baths
5,000 SqFt
$140/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

136-138 E Franklin St, Hagerstown$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingFenced, Gravel Driveway, On Street, Other, Off Street
Year Built1894
HeatingBaseboard
CoolingNone
MLS #MDWA2025592
Lot Size0.23 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 136-138 E Franklin St

Prime investment opportunity! Currently generating over $7,000 in monthly rental income with potential for further increases to market rates, this all-brick, fully-occupied multi-family property in downtown Hagerstown offers an exceptional addition to any portfolio. Featuring six spacious units, approximately 835 sq ft each, the building is fully equipped with separate electric meters, placing utility responsibility on tenants and streamlining management. Solid structural integrity is ensured with a brick and masonry foundation, complemented by new replacement windows that enhance energy efficiency. Each floor is thoughtfully laid out with two large units, providing tenants with ample living space and privacy. Situated in a high-demand area blending residential and commercial properties, the building benefits from a steady influx of local and out-of-town investors who are actively refurbishing neighboring properties. With rental licenses, lead certificates, and compliant zoning already in place, this property holds a legal, non-conforming grandfathered status, ensuring no adverse impact on rental income or property value. For added convenience, the property includes private rear parking, and current leases are available for qualified investors’ review. Located at the gateway to Hagerstown’s vibrant arts and entertainment district, this turnkey property offers strong rental appeal and significant investment potential. Don’t miss the opportunity to acquire a robust, low-maintenance property in a prime location. AS A BONUS, PURCHASE THIS BUILDING ALONG WITH ANOTHER SIX-UNIT PROPERTY FROM THE SAME SELLER for an expanded investment opportunity in this vibrant area

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1894
  • Living Area: 5,000 SqFt

Listing Office:

  • Office Name: RG Realty, Inc.
  • Office Phone: (240) 203-6393
  • Listing Agent: Roberto G. Gonzalez

Exterior Features

Parking Information:

  • Parking: Fenced, Gravel Driveway, On Street, Other, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Hagerstown

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
  • Price Per SqFt: $140/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Hagerstown, MD.

Map thumbnail provided by MapBox

Hagerstown, MD

City

Med. Sold Price

$298.9K

Med. Price/SqFt

$165

Avg. Days On Market

33

# of Sold Homes

74

136-138 E Franklin St vs Hagerstown

35 DAYS ON ROCKET

+2 Days

$700,000

+$401K More

$140/SqFt

-$26 Less

KEY TAKEAWAY

This property is $401K more than the Median Sold Price and $26/SqFt less than other homes in Hagerstown, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDWA2025592

Listing Office:

  • Office Name: RG Realty, Inc.
  • Office Phone: (240) 203-6393
  • Listing Agent: Roberto G. Gonzalez

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4426661
5
/10

  • Eastern Elementary School

  • 1320 Yale Dr

  • 1.27 miles

  • Public District Grades 3-5

school-card-donut-4426662
8
/10

  • Emma K. Doub Elementary School

  • 1221 S Potomac St

  • 1.56 miles

  • Public Magnet Grades PK-5

school-card-donut-4426663
3
/10

  • Bester Elementary School

  • 385 Mill St

  • 1.91 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,264. The most common annual income of people living in Hagerstown, MD is between $35k-100k. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Hagerstown, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Hagerstown, MD?

The housing landscape in Hagerstown is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and lifestyles. Single-family homes are prevalent, reflecting a range of architectural styles from historic colonial to contemporary designs. The market is characterized by a blend of older homes with rich histories and newer constructions that cater to modern living standards.

Is Hagerstown, MD a good place to live?

Hagerstown prides itself on a rich historical heritage and a vibrant cultural scene. The community's character is shaped by its numerous museums, theaters, and art galleries, which play a pivotal role in the city's social fabric. Annual events and festivals celebrate the area's history and diversity, fostering a sense of pride and togetherness among residents.

Are things conveniently located in Hagerstown, MD?

Residents of Hagerstown benefit from a robust selection of services, including a network of public and private schools that cater to a range of educational needs. The city is home to several healthcare facilities offering a spectrum of medical services, from primary care to specialized treatments. Public libraries serve as valuable community resources, and the local retail and dining establishments reflect the city's eclectic charm and cultural influences.

What does the transportation in Hagerstown, MD look like?

Transportation in Hagerstown is facilitated by a combination of public transit options and well-maintained roadways that connect the city to surrounding areas. The public transportation system provides residents with access to essential services and employment centers. The community's walkability varies by neighborhood, with some areas offering more pedestrian-friendly environments than others. Ongoing initiatives aim to enhance the efficiency and accessibility of the city's transport infrastructure.

Frequently Asked Questions About 136-138 E Franklin St

What is the listing price of this property?

The listing price of 136-138 E Franklin St property is $700,000.

What type of property is this?

The property 136-138 E Franklin St is a house located in Hagerstown, Maryland, 21740.

Is this property for sale now?

Accepting Backup Offers: 136-138 E Franklin St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the square footage of this property?

The property 136-138 E Franklin St is 5,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 136-138 E Franklin St is 1894.

Rocket Homes›Maryland›Washington County›Hagerstown›21740›136-138 E Franklin St

This home is located at 136-138 E Franklin St in Hagerstown, MD and zip code 21740. This 5,000 square foot home, which was built in 1894, sits on a 0.23 acre lot. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $700,000.

In November 2024 more than 21 listings in Hagerstown, MD were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 33 were sold below. Between October 2024 and November 2024, Hagerstown, MD real estate market has seen increase in the number of listings by 4.5%. The median list price of listings available in November 2024 was $298,966, while the average time on the real estate market was 33 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources