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For sale
  • Price cut: $5K (5/29)
    $329,900

    616 W Franklin St, Hagerstown, MD 21740

    6beds
    --baths
    2,715sqft
    : 
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    Triplex
    Built in 1895
    -- sqft lot
    $329,000 Zestimate®
    $122/sqft
    $-- HOA

    What's special

    Functional layoutsDurable constructionPrivate parkingBaseboard heating
    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.
    131 days
    |
    158
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Roberto Gonzalez 301-991-0207,

    RG Realty, Inc. 240-203-6393

    Source: Bright MLS,MLS#: MDWA2034700MLS Logo

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      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: $122/sqft
      • Tax assessed value: $205,200
      • Annual tax amount: $3,348
      • Date on market: 3/4/2026
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Fee Simple

        Estimated market value

        $329,000

        $313,000 - $345,000

        $1,630/mo

        Price history

        DateEventPrice
        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
        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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 21740

        Getting around

        84 / 100
        Very Walkable
        29 / 100
        Some Transit
        58 / 100
        Bikeable

        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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