Five-Unit Multifamily Investment
419 Summit Ave, Hagerstown, MD 21740
For Sale
$499,900
Well-maintained, fully occupied five-unit apartment building with positive cash flow.
Property SizeContact for details
Lot Size0.16 Acres
Days on Market445
Property Features for 419 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 27, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:01PM
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 is a five-unit apartment building, comprised of two buildings: the front building contains three units, and the rear building contains two units. The property is fully occupied, generating approximately $4,700 per month in income. It features natural gas forced air heat and a large backyard. The property is located not far from 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. This investment opportunity offers positive cash flow.
Key Highlights
- Positive cashflow investment opportunity with approximately $4,700 monthly income.
- Fully occupied 5‑unit apartment building (3 units in front, 2 in rear).
- Convenient location near City Park, Meritus Park, University of Maryland Hagerstown Campus, Barbara Ingram School of the Arts, Maryland Theatre, and restaurants.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,344
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 - Well-maintained, fully occupied five-unit apartment building with positive cash flow.
Where is this apartment building located?
The property is located at 419 Summit Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Positive cashflow investment opportunity with approximately $4,700 monthly income.; Fully occupied 5‑unit apartment building (3 units in front, 2 in rear).; Convenient location near City Park, Meritus Park, University of Maryland Hagerstown Campus, Barbara Ingram School of the Arts, Maryland Theatre, and restaurants.
