Downtown Multifamily with Two
220-226 Summit Avenue Hagerstown, MD 21740
220-226 Summit Avenue, Hagerstown, MD, 21740
$1,975,000
For Sale
$1,975,000
Two adjoining brick apartment buildings with 20 total units plus a detached three-bay garage on a shared urban parcel.
Days on Market150
Property Features for 220-226 Summit Avenue
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1903
Listing agency
RG Realty,Inc.
Listed by
Roberto G. Gonzalez
(301) 258-7757
Source
Ournexthouse
Added: Feb 21 Updated: Jul 18 at 2:03AM Checked: Jul 21 at 9:21AM
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily assemblage includes two adjoining apartment buildings at 220-222 and 224-226 Summit Avenue, forming a cohesive residential complex with a total of twenty units. The property also features a detached three-bay garage structure at the rear, providing additional income-producing space. Building interiors include a mix of one-bedroom one-bath apartments and studio units, with 220-222 Summit Avenue offering eight units and 224-226 Summit Avenue offering twelve studio units.
The buildings are two- and three-story brick and masonry structures situated on a combined urban parcel with frontage along Summit Avenue and Hood Street. The property is located in the downtown City Center area, with proximity to employment, education, public transportation, and downtown revitalization initiatives.
Recent capital improvements include basement waterproofing with commercial-grade dehumidification, plumbing and electrical upgrades, replacement and repair of fire escapes, new flooring, updated paint throughout, and installation of new PTAC heating and cooling units in the apartments. The property is zoned Residential Medium Density under the City of Hagerstown zoning, supporting multifamily use aligned with the existing improvements.
The buildings are two- and three-story brick and masonry structures situated on a combined urban parcel with frontage along Summit Avenue and Hood Street. The property is located in the downtown City Center area, with proximity to employment, education, public transportation, and downtown revitalization initiatives.
Recent capital improvements include basement waterproofing with commercial-grade dehumidification, plumbing and electrical upgrades, replacement and repair of fire escapes, new flooring, updated paint throughout, and installation of new PTAC heating and cooling units in the apartments. The property is zoned Residential Medium Density under the City of Hagerstown zoning, supporting multifamily use aligned with the existing improvements.
Key Highlights
- Two adjoining downtown Hagerstown brick apartment buildings at 220‑222 and 224‑226 Summit Avenue with 20 total units
- Unit mix includes 1BR/1BA apartments and studio units: 220‑222 has 8 units; 224‑226 has 12 studio units
- Detached three‑bay garage structure at the rear provides additional rental income
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two adjoining brick apartment buildings with 20 total units plus a detached three-bay garage on a shared urban parcel.
Where is this apartment building located?
The property is located at 220-226 Summit Avenue Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Two adjoining downtown Hagerstown brick apartment buildings at 220‑222 and 224‑226 Summit Avenue with 20 total units; Unit mix includes 1BR/1BA apartments and studio units: 220‑222 has 8 units; 224‑226 has 12 studio units; Detached three‑bay garage structure at the rear provides additional rental income
