419 SUMMIT Ave, Hagerstown, MD 21740

Building Details

Year Built

1922

Listing office REAL ESTATE TODAY t***@yahoo.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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

Report an issue

---

Overview

This well-maintained five-unit apartment building presents a positive cash flow investment opportunity. The property is 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. The property consists of two buildings: the front building contains three units, and the rear building contains two units. It features natural gas forced air heat and a large backyard. The owner will consider holding owner financing and is also selling a six-unit property at 311 Summit Ave.

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Pet Store Florist Pet Store & Service Restaurant Adult Day Care

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Hagerstown

County

Washington

State

Maryland

Longitude

-77.7286954

Latitude

39.6358377

Nearby Similar for Sale

• 

  $1,175,000

  8,319 SF

  Six-Unit Apartment Building

  Restored historic six-unit property with oversized two-bedroom layouts, individual HVAC, off-street parking, and on-site laundry.

  629 OAK HILL Avenue, HAGERSTOWN, MD 21740

  View Details
• 

  $2,490,000

  34,720 SF

  HAGERSTOWN Redevelopment Opportunity

  Downtown commercial building with adaptive reuse potential in Hagerstown, MD.

  72 W WASHINGTON Street, HAGERSTOWN, MD 21740

  View Details
• 

  $250,000

  7,800 SF

  Downtown Flex Building with Drive-Through

  Flexible multi-level commercial building with office-ready rooms and a rear drive-through overhead door for loading or service use.

  35 E WASHINGTON ST, HAGERSTOWN, MD 21740

  View Details
• 

  $625,000

  6,568 SF

  HAGERSTOWN Multifamily Investment Opportunity

  Fully rented five-unit property near City Park in HAGERSTOWN, MD.

  601 HIGHLAND Way, HAGERSTOWN, MD 21740

  View Details
• 

  $284,900

  1,724 SF

  Hagerstown Duplex with Rental Income

  Fully rented duplex with income and upside potential.

  904 - 906 CHESTNUT Street, HAGERSTOWN, MD 21740

  View Details
• 

  $1,250,000

  Radio Station on 6.75 Acres

  Commercial property with radio station, licenses, and broadcasting equipment.

  1135 HAVEN RD, HAGERSTOWN, MD 21742

  View Details
• 

  $649,000

  4,811 SF

  HAGERSTOWN Multi-Unit Investment Opportunity

  Five-unit apartment building overlooking the new Meritus Baseball Park.

  165 SUMMIT Avenue, HAGERSTOWN, MD 21740

  View Details
• 

  $574,900

  4,666 SF

  HAGERSTOWN Multifamily Investment Opportunity

  Five-unit property near Hagerstown City Park, fully rented.

  671 HIGHLAND Way, HAGERSTOWN, MD 21740

  View Details
• 

  $675,000

  1,428 SF

  Brick Quadplex with Two-Bay Garage

  Four brick-built rental units plus a two-bay garage, updated with recent capital improvements and FHA eligibility.

  9947 CROSSFIELD Road, HAGERSTOWN, MD 21740

  View Details
• 

  $329,900

  2,344 SF

  Single-Story Four-Unit Apartment

  Fully occupied four-unit building with separate electric meters, off-street parking, and professionally managed operations.

  817 & 819 DALE Street, HAGERSTOWN, MD 21740

  View Details
• 

  $384,900

  2,904 SF

  Hagerstown Triplex: Investment Opportunity

  Fully occupied triplex across from Hagerstown City Park.

  428 VIRGINIA Avenue, HAGERSTOWN, MD 21740

  View Details
• 

  $550,000

  4,316 SF

  5-Unit Multi-Family Building with Parking

  Well-maintained five-unit building offering four one-bedroom units and one two-bedroom unit plus an office/den.

  16 S MULBERRY Street, HAGERSTOWN, MD 21740

  View Details

FAQs

What type of property is this?

Apartment building - Five-unit apartment building near City Park, generating $4,700 monthly income.

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 $4,700 monthly income.; Fully occupied 5‑unit apartment building (3 units in front, 2 in rear).; Convenient location near City Park, University of Maryland Hagerstown Campus, and other amenities.