For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

220-226 Summit Ave Hagerstown, MD 21740

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$2,110,000

Two adjoining apartment buildings with 20 units in downtown Hagerstown.

Lot size:
0.14 Acres

Property Features for 220-226 Summit Ave

General Information

Property type
Commercial
Standard status
Active
Lot size
0.14 Acres

Building Details

Year built
1903

We can help!

Listing Contact
Roberto G. Gonzalez
Roberto G. Gonzalez
Source: Elliman

Listing Agency: RG REALTY, INC. Listing Agent: Roberto G. Gonzalez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

Hagerstown Multifamily Investment Opportunity

This multifamily assemblage consists of two adjoining apartment buildings at 220–222 and 224–226 Summit Avenue in downtown Hagerstown. Together, the properties form a cohesive residential complex with a total of twenty units, plus a detached three bay garage structure at the rear. The buildings include a mix of one bedroom one bath apartments and studio units. The improvements include two and three story brick and masonry structures situated on a combined urban parcel with frontage along Summit Avenue and Hood Street. The 220–222 Summit Avenue building contains eight apartment units, consisting primarily of one bedroom layouts along with studio apartments, and is complemented by a separate garage building. The adjoining 224–226 Summit Avenue building contains twelve studio apartment units. Both buildings have undergone substantial capital improvements in recent years, including basement waterproofing with commercial grade dehumidification, plumbing and electrical upgrades, replacement and repair of fire escapes, new flooring, updated paint throughout, and the installation of new PTAC heating and cooling units in the apartments. Constructed in the early 1900s, the building reflects durable construction typical of the area. Ownership has completed recent capital improvements, including new PTAC units, plumbing upgrades, updated water service, remodeled unit interiors, and common-area enhancements. The properties are zoned Residential Medium Density under City of Hagerstown zoning, a designation that supports multifamily use and aligns with the existing improvements. Located within the downtown City Center area, the properties benefit from proximity to employment, education, public transportation, and ongoing revitalization initiatives throughout downtown Hagerstown.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Hagerstown
County
Washington
State
Maryland
Longitude
-77.7256288
Latitude
39.639063

FAQs

What type of property is this?
Apartment building - Two adjoining apartment buildings with 20 units in downtown Hagerstown.
Where is this apartment building located?
The property is located at 220-226 Summit Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $2,110,000.
What are key features of this property?
This property features: - Twenty total units plus a detached three-bay garage in downtown Hagerstown, offering significant rental income potential.; - **Recent substantial capital improvements**, including basement waterproofing, plumbing and electrical upgrades, new flooring, updated paint, and new PTAC units, reducing near-term capital expenditure needs.; - Desirable unit mix of one-bedroom and studio apartments, well-suited for the downtown rental market.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message