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Sold for $286,000
  • Zestimate®
    $286,000

    616 W Franklin St, Hagerstown, MD 21740

    6beds
    --baths
    2,715sqft
    Triplex
    Built in 1895
    -- sqft lot
    $286,000 Zestimate®
    $105/sqft
    $1,317 Estimated rent

    Home value

    $286,000

    $266,000 - $309,000

    $1,317/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Roberto Gonzalez 301-991-0207,

    RG Realty, Inc.

    Bought with:

    Antonio Longueira, 5021081

    The Agency DC

    Source: Bright MLS,MLS#: MDWA2039830MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Basement
    • Area: 0
    Heating
    • Baseboard, Electric
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Other
    • Has fireplace: No
    Interior area
    • Total structure area: 2,715
    • Total interior livable area: 2,715 sqft

    Property

    Parking
    • Parking features: Crushed Stone, Off Street, On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 3,456 Square Feet
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2225019288
    • Zoning: RMED
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Triplex
    Materials
    • Brick
    • Foundation: Block, Crawl Space
    Condition
    • Good
    • New construction: No
    • Year built: 1895

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Hagerstown
    • Municipality: Hagerstown

    Financial & listing details

    • Price per square foot: $105/sqft
    • Tax assessed value: $205,200
    • Annual tax amount: $3,348
    • Date on market: 9/19/2026
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    9/18/2026Sold$286,000-13.3%$105/sqft
    Source: Bright MLS #MDWA2039830 Report a problem
    5/29/2026Price change$329,900-1.5%$122/sqft
    Source: Bright MLS #MDWA2034700 Report a problem
    4/9/2026Price change$334,900-1.5%$123/sqft
    Source: Bright MLS #MDWA2034700 Report a problem
    3/4/2026Listed for sale$339,900-2.9%$125/sqft
    Source: Bright MLS #MDWA2034700 Report a problem
    1/1/2026Listing removed$349,900$129/sqft
    Source: Bright MLS #MDWA2031916 Report a problem
    10/2/2025Listed for sale$349,900+14.7%$129/sqft
    Source: Bright MLS #MDWA2031916 Report a problem
    11/15/2022Sold$305,000$112/sqft
    Source: Bright MLS #MDWA2011176 Report a problem
    10/6/2022Contingent$305,000$112/sqft
    Source: Bright MLS #MDWA2011176 Report a problem
    10/2/2022Listed for sale$305,000+75.3%$112/sqft
    Source: Bright MLS #MDWA2011176 Report a problem
    2/23/2021Sold$174,000$64/sqft
    Source: Public Record Report a problem
    2/2/2021Pending sale$174,000$64/sqft
    Source: Bright MLS #MDWA176738 Report a problem
    12/9/2020Listed for sale$174,000$64/sqft
    Source: Bright MLS #MDWA176738 Report a problem
    10/31/2020Listing removed$174,000$64/sqft
    Source: Bright MLS #MDWA169084 Report a problem
    4/9/2020Listing removed$675
    Source: East Coast Real Estate Group LLC Report a problem
    4/6/2020Price change$675+15.4%
    Source: East Coast Real Estate Group LLC Report a problem
    4/1/2020Listed for rent$585
    Source: East Coast Real Estate Group LLC Report a problem
    11/9/2019Listed for sale$174,000+58.2%$64/sqft
    Source: RG Realty, Inc. #MDWA169084 Report a problem
    4/12/2019Sold$110,000+279.3%$41/sqft
    Source: Public Record Report a problem
    9/19/1996Sold$29,000-70.6%$11/sqft
    Source: Public Record Report a problem
    11/13/1995Sold$98,500$36/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$2,082 +10.9%$227,567 +10.9%
    2025$1,878 -43.9%$205,200 +17.5%
    2024$3,348 +21.2%$174,667 +21.2%
    2023$2,763 +26.9%$144,133 +26.9%
    2022$2,178 -1%$113,600
    2021$2,200 $113,600
    2020$2,200 -9.1%$113,600 -9.1%
    2019$2,421 $125,000
    2018$2,421 +59.8%$125,000
    2017$1,515 -56.4%$125,000 -5.2%
    2016$3,477 $131,900
    2015$3,477 $131,900
    2014$3,477 $131,900 -4.8%
    2013-- $138,500
    2012-- $138,500
    2011-- $138,500 -32.4%
    2010-- $205,030 +12.6%
    2009-- $182,046 +14.4%
    2008-- $159,063 +16.9%
    2007-- $136,080 +10.9%
    2006-- $122,700 +12.2%
    2005-- $109,320 +13.9%
    2004-- $95,940 +1.6%
    2003-- $94,466 +1.6%
    2002-- $92,993 +1.6%
    2001-- $91,520
    Find assessor info on the county website

    Neighborhood: 21740

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Washington County Public Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $286,000

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $286,000