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220-226 Summit Ave Hagerstown, MD 21740

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Two adjoining apartment buildings with 20 units in downtown Hagerstown.

Type:Multifamily
Property size:
7,080 SF
Added:
Feb 23, 2026
Days on Market:
40
Last Refresh:
Mar 17 at 1:16 pm

Property Features for 220-226 Summit Ave

General Information

Standard status
Active
Size
7,080 SF
Property subtype
Multifamily

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Listing Contact
Roberto Gonzalez
Roberto Gonzalez

Listing agent Roberto Gonzalez License #MD 598229

Listing office RG Realty Inc

Listing date Feb 23, 2026

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of RG Realty Inc


Overview

Downtown 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 are improved with a mix of one bedroom one bath apartments and studio units, offering a desirable unit mix for the downtown rental market. 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 providing additional rental income. The adjoining 224–226 Summit Avenue building contains twelve studio apartment units, allowing for operational efficiency and scale across the combined properties. 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. The property size is 7080 square feet.
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

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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, offering substantial rental income potential.; Recent substantial capital improvements, including new PTAC units, plumbing and electrical upgrades, basement waterproofing, and remodeled interiors, reducing near‑term capital expenditure needs.; Located in downtown Hagerstown, providing proximity to employment, education, public transportation, and revitalization initiatives.
(240) 203-6393 Call to check price and availability
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