$399,900
5 Beds
12,645 sqft (on 0.29 acres)
135 E Franklin St, Hagerstown, MD 21740
Est. Mortgage $2,477/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1940
0.29 acre lot
$32/sqft
Local Information
- Map ViewExplore the area around 135 E Franklin St.
- Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
What's unique:Roof repairs performed
Outstanding value-add mixed-use investment opportunity in downtown Hagerstown! 135-137 E Franklin Street provides a unique combination of existing commercial income and substantial upside for an investor, developer, or owner-user looking to complete the renovation and unlock the property's full potential. The property is located in Hagerstown's CC-MU City Center Mixed-Use zoning district and includes approximately 11,182 square feet in the main building plus an additional 1,708-square-foot garage/shop building, situated on approximately 12,645 square feet of land. The existing and proposed mix of retail, shop, and residential apartment uses aligns with the mixed-use configuration analyzed in the property's prior commercial appraisal. The property already generates income from two occupied commercial/shop spaces. One smaller mechanic/shop space is currently rented for $800 per month, while the larger rear mechanic/shop space is rented for $2,500 per month, providing $3,300 per month in current rental income while a new owner continues the redevelopment. Along the E Franklin Street frontage are two additional vacant commercial storefront spaces ready for completion and future occupancy. Previous plans contemplated approximately 831 SF and 1,098 SF retail spaces, providing additional commercial leasing or owner-user potential. All approved by the city! The upper levels provide another major value-add opportunity. Architectural and engineering plans were prepared for three residential apartments, with framing and portions of the electrical work already completed. The plans contemplate one 1-bedroom unit and two 2-bedroom units, with planned unit sizes of approximately 615 SF, 806 SF, and 851 SF. The engineered drawings show the three planned apartments along with kitchens, living areas, bathrooms, mechanical spaces, closets and additional attic-level bedrooms. A significant amount of preliminary work has already been completed, including interior demolition, framing, portions of electrical work, floor reinforcement, and roof repairs performed during the earlier renovation project. The property is being sold in its current condition, giving the next owner the opportunity to finish the project to their own specifications and investment strategy. Architectural/engineering plans will be included with the listing for buyer review. With existing rental income, two additional commercial spaces, three planned residential units, substantial square footage and significant renovation upside, this property offers an uncommon opportunity at this price point. Bring your contractor, bring your vision, and finish what has already been started at 135-137 E Franklin Street. 7 units for under 400K won't last long!
Last check for updates: about 5 hours ago
Listing courtesy of Drew Peters, (240) 586-0142
Burch Real Estate Group, LLC, (681) 252-3002
Source: Bright MLS, MLS#MDWA2040166
Also Listed on Bright MLS.
Home Details for 135 E Franklin St
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Interior Details Number of Rooms: 1Types of Rooms: Basement |
Beds & Baths Number of Bedrooms: 5 |
Dimensions and Layout Living Area: 12645 Square Feet |
Appliances & Utilities Appliances: Electric Water Heater |
Heating & Cooling Heating: Steam,PropaneNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Steam |
Fireplace & Spa No Fireplace |
Gas & Electric Electric: 200+ Amp Service |
Levels, Entrance, & Accessibility Accessibility: None |
View No View |
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Exterior Home Features Other Structures: Above Grade, Below GradeNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Other |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 1 |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: OtherArchitecture: Other |
Building Construction Materials: BrickNot a New Construction |
Property Information Parcel Number: 2222015303 |
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Price List Price: $399,900Price Per Sqft: $32 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: ACTIVE |
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Direction & Address City: HAGERSTOWNCommunity: None Available |
School Information Elementary School District: Washington County Public SchoolsJr High / Middle School District: Washington County Public SchoolsHigh School District: Washington County Public Schools |
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Listing Agent Listing ID: MDWA2040166 |
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Building Area Building Area: 12645 Square Feet |
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Number Of Vacant Units: 5 |
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Lot Area: 0.29 acres |
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Special Conditions: Standard |
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Listing Agreement Type: Exclusive Right To Sell |
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Business Information Ownership: Fee Simple |
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Mls Number: MDWA2040166Municipality: HAGERSTOWN |
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Source Internet Automated Valuation Display: YSource Internet Consumer Comment: YSource Internet Entire Listing Display: YSource Internet Address Display: Y |
Around this home
What Locals Say about Hagerstown
At least 591 Trulia users voted on each feature.
86 % Say there are sidewalks
83 % Say car is needed
80 % Say it's dog friendly
69 % Say kids play outside
68 % Say there's holiday spirit
66 % Say yards are well-kept
65 % Say parking is easy
55 % Say streets are well-lit
51 % Say it's walkable to restaurants
49 % Say neighbors are friendly
46 % Say people would walk alone at night
45 % Say it's quiet
42 % Say there's wildlife
41 % Say it's walkable to grocery stores
36 % Say they plan to stay for at least 5 years
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Hagerstown
Last updated August 2026
Avg. sale price
$297K
$17.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$172
$2MoM
Available listings
326
26MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.12 | Multi-Family Home | $215,000 | 03/30/26 | 4 | - | 1,918 | |
0.35 | Multi-Family Home | $450,000 | 07/24/26 | 6 | - | 3,703 | |
0.41 | Multi-Family Home | $375,000 | 07/06/26 | 5 | - | 3,711 | |
0.04 | Multi-Family Home | $235,000 | 11/28/25 | 6 | - | 1,776 | |
0.76 | Multi-Family Home | $550,000 | 04/30/26 | 6 | - | 9,165 | |
0.47 | Multi-Family Home | $630,000 | 09/23/25 | 11 | - | 5,206 | |
0.35 | Multi-Family Home | $200,000 | 02/27/26 | 4 | - | 2,300 | |
0.62 | Multi-Family Home | $300,000 | 03/13/26 | 6 | - | 2,940 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $235,000 | 6 | - | 1,776 | Recently Sold | |
0.04 | $239,900 | 4 | 2.5 | 2,120 | For Sale | |
0.06 | $689,600 | 16 | - | 5,000 | Off Market | |
0.07 | $120,600 | 2 | 1.5 | 900 | Off Market | |
0.09 | $198,700 | 7 | - | 4,234 | Off Market | |
0.09 | $268,600 | 6 | - | 2,208 | Off Market | |
0.09 | $219,300 | 4 | - | 2,208 | Off Market | |
0.10 | $278,300 | 6 | 3 | 3,232 | Off Market | |
0.10 | $285,600 | 6 | 3 | 3,232 | Off Market | |
0.08 | $557,100 | 5 | 5 | 4,740 | Off Market | |
0.08 | $155,000 | 2 | 1 | 1,000 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 22, 2026 Source: Bright MLS #MDWA2040166 | Listed For Sale | $399,900 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Drew Peters, Burch Real Estate Group, LLC, (681) 252-3002
Agent Phone: (240) 586-0142
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, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc. Click here for more information
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Frequently asked questions about 135 E Franklin St
- What is the estimated monthly payment for 135 E Franklin St?Based on a $399,900 list price with 20% down at today's rates, the estimated monthly payment for 135 E Franklin St in Hagerstown, MD is approximately $2,500 (about $2,158 principal & interest, $267 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 135 E Franklin St compare to homes in Hagerstown?135 E Franklin St in Hagerstown, MD is listed at $399,900, about 35% above the $297K median sale price in Hagerstown.
- What do residents say about Hagerstown?Residents describe Hagerstown, MD as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in Hagerstown, MD.
- What are the closest schools to 135 E Franklin St?The closest schools to 135 E Franklin St in Hagerstown, MD are E. Russell Hicks Middle School (rated 8/10), Eastern Elementary School (rated 3/10), Ruth Ann Monroe Primary (Pre-K).
- Does 135 E Franklin St have parking?Yes, 135 E Franklin St in Hagerstown, MD has on-site parking.
135 E Franklin St, Hagerstown, MD 21740 is a 5 bedroom, 12,645 sqft multi-family built in 1940. This property is currently available for sale and was listed by Bright MLS on Sep 22, 2026. The MLS # for this home is MLS# MDWA2040166.