Hagerstown Multifamily Investment
311 Summit Ave, Hagerstown, MD 21740
For Sale
$599,900
Six-unit apartment building near City Park, fully occupied, positive cashflow.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market446
Property Features for 311 Summit Ave
General Information
Standard status
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
REAL ESTATE TODAY
(301) 791-9046
Listed By:
TOBY W WANTZ · License MD RSR002886
(301) 992-5598
Source:
Corcoran
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:44AM
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 REAL ESTATE TODAY
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Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment building presents a positive cashflow investment opportunity. The property is conveniently located near City Park, Meritus Park, the University of Maryland Hagerstown Campus, Barbara Ingram School of the Arts, and the Maryland Theatre, as well as various restaurants. The building is fully occupied and generates approximately $4,700 per month in income. Each unit features one bedroom and one bathroom. The property includes a large backyard and a detached garage. The building has natural gas radiant heat.
Key Highlights
- Positive cashflow investment opportunity with $4,700/month income.
- Fully occupied 6‑unit apartment building.
- Convenient location near City Park, University of Maryland Hagerstown Campus, and other amenities.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
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Business Placement
Demographics for 21740, MD
65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
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Average Price Trend$/SF for Apartment buildings in Hagerstown, MD
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building near City Park, fully occupied, positive cashflow.
Where is this apartment building located?
The property is located at 311 Summit Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Positive cashflow investment opportunity with $4,700/month income.; Fully occupied 6‑unit apartment building.; Convenient location near City Park, University of Maryland Hagerstown Campus, and other amenities.
