Five-Unit Multifamily Investment
For Sale
$499,900
419 Summit Ave, Hagerstown, MD 21740
Well-maintained, fully occupied five-unit apartment building with positive cash flow.
Property SizeContact for details
Lot Size0.16 Acres
Days on Market351
Property Features for 419 Summit Ave
General Information
Standard status
Active
Lot size
0.16 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,406
Building Details
Year Built
1922
Listing Agency:
REAL ESTATE TODAY
(301) 791-9046
Listed By:
TOBY W WANTZ · License #RSR002886
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
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
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 - 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.
