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$339,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2,715 Sq. Ft.
  • Updated 5 hours ago
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Fully Rented Triplex Generating $3,175 Per Month in Hagerstown Solid brick three unit property located at 616 W Franklin Street offering immediate, stable cash flow. This fully rented triplex produces $3,175 per month in gross rental income, totaling $38,100 annually. The property consists of three two bedroom, one bath units, each with private parking. Every unit is separately metered for electric and features baseboard heating, keeping utility responsibility with the tenants and operating expenses predictable for ownership. Simply take it over and continue collecting steady income from day one. The building offers durable construction, practical layouts, and long term rental appeal in an established area of Hagerstown within close proximity to I 70, I 81, and downtown amenities. Stabilized multifamily properties with this level of income and separate utilities remain in strong demand in Washington County. Whether you are adding to an existing portfolio or entering the multifamily space, this is a straightforward income producing asset with proven performance.

Full Property Details for 616 W Franklin St

General

  • Price: $339,900
  • Taxes: $3,348 (2025)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWA2034700
  • Updated: Today (3/4/2026)
  • Added to Site: Today

Rental Information

  • Lease Info: Yearly

Parking

  • Parking Features: Crushed Stone
  • Parking Type: Off Street, On Street

Location

  • Municipality: Hagerstown
  • County: WASHINGTON
  • Driving Directions: West Franklin St, building on the right
  • City Limits: Yes

School Information

  • School District: Washington County Public Schools

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Colonial
  • Structure Type: Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Other
  • Foundation: Block, Crawl Space
  • Square Feet: 2,715
  • Sq. Ft. Source: Assessor
  • Living Area: 2,715 Sq. Ft.
  • Finished Above Grnd: 2,715 Sq. Ft.
  • Year Built: 1895
  • Year Built Source: Assessor
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,456
  • Lot Size Source: Assessor
  • Zoning: RMED

Financial Considerations

  • Price Per Sq. Ft.: $125.19
  • City/TownTax: $1,750
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $205,200
  • Tax Amount: $3,348
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple

Listed by RG Realty, Inc., Roberto G. Gonzalez

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Listing agent

— 616 W Franklin St —

  • Roberto G. Gonzalez

    RG Realty, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 616 W Franklin St

School District:Washington County Public Schools, Williamsport, MD
NameGradesDistance
Salem Avenue Elementary School
1323 Salem Avenue, Hagerstown, MD 21740
PK-50.7 mi
Western Heights Middle School
1300 Marshall Street, Hagerstown, MD 21740
6-80.8 mi
South Hagerstown High School
1101 South Potomac Street, Hagerstown, MD 21740
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 616 W Franklin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/04/2026
Listed
$339,900
11.44%
MLS
11/14/2022
Sold
$305,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 616 W Franklin St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,319
—
$205,200
17%
2023
$1,319
—
$174,667
21%
2023
$1,319
27%
$144,133
27%
2022
$1,039
-11%
$113,600
—
2020
$1,169
11%
$113,600
—
2021
$1,057
-10%
$113,600
-9%
2020
$1,169
—
$125,000
—
2019
$1,169
—
$125,000
—
2018
$1,169
-5%
$125,000
-5%
2017
$1,233
—
$131,900
—
2016
$1,233
—
$131,900
—
2015
$1,233
-5%
$131,900
-5%
2014
$1,295
—
$138,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by RG Realty, Inc., Roberto G. Gonzalez

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616 W Franklin Street, Hagerstown, MD 21740 (MLS# MDWA2034700) is a Single Family property with 0 bedrooms and 0 full bathrooms. 616 W Franklin Street is currently listed for $339,900 and was received on March 04, 2026. Want to learn more about 616 W Franklin Street? Do you have questions about finding other Single Family real estate for sale in Hagerstown? You can browse all Hagerstown real estate or contact a Coldwell Banker agent to request more information.

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