Hagerstown Multifamily Investment
For Sale
$599,900
311 Summit Ave, Hagerstown, MD 21740
Six-unit apartment building near City Park, fully occupied, positive cashflow.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market352
Property Features for 311 Summit Ave
General Information
Standard status
Active
Lot size
0.15 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,746
Building Details
Year Built
1915
Listing Agency:
REAL ESTATE TODAY
(301) 791-9046
Listed By:
TOBY W WANTZ · License #RSR002886
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
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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.
