$ 515,000
-
$515,000
Price -
5
Bed -
0
Bath -
3,684
SqFt
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About the Listing RGRE1 - 3295402
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.
Listing Highlights
Status
Active
Days on Site
49
Property Type
Multi-Family
MLS ®
MDWA2032518
Year Built
1885
Total Square Footage
3,684
Lot/Acreage
0.06
County
Washington
School District
Washington County Public Schools
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3684
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: CCMU
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,779
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
200 E Franklin St Hagerstown, MD 21740
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