220-226 Summit Ave Hagerstown, MD 21740

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 are improved with 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 adjacent building at 220–224 Summit Avenue consists of 8 apartment units and complements the larger 12-unit asset. 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. This offering represents a stabilized, income-producing multifamily opportunity with scale, recent improvements, and a strong downtown location.