Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None, Electric

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Brick

  • Parking

    On Street, Other, Off Site

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.14

  • Lot Size(square feet)

    6,144

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,850,000

  • Tax Amount

    $1,584

  • Sq. Footage

    12,240

  • Price/SqFt

    $151

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    SOUTH HAGERSTOWN SR

Property Features

  • New Construction

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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SOUTH HAGERSTOWN SR

Listing Courtesy of Roberto G. Gonzalez , RG Realty, Inc.

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Recently renovated 14-unit apartment building with major capital improvements just completed. Approximately 90% of the electrical service and plumbing systems have been replaced. The property also features a new roof, new flooring throughout, and fully updated kitchens. Each unit is equipped with new mini split heating and air conditioning systems, providing efficient and modern climate control for tenants.

The building is now entering stabilization. There are currently two vacant units, offering an immediate opportunity for a new owner to increase rental income and bring the property closer to its full potential. The property is currently generating $14,650 in monthly rental income, presenting investors with a turnkey multifamily asset with significant recent upgrades and minimal deferred maintenance.

453 W ANTIETAM STREET

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Related Properties

This well located multifamily assemblage consists of two adjoining apartment buildings at 220–222 and 224–226 Summit Avenue in downtown Hagerstown. Together, the properties form a cohesive residential complex with a total of twenty units, along with a detached three bay garage structure at the rear.

The portfolio offers a mix of one bedroom, one bath apartments and studio units, providing a practical unit mix for the downtown rental market. The 220–222 Summit Avenue building contains eight apartment units, consisting primarily of one bedroom layouts along with studio apartments. The separate garage building provides additional rental income potential. The adjoining 224–226 Summit Avenue building contains twelve studio apartment units, creating operational efficiency and scale across the combined properties.

The improvements include two and three story brick and masonry structures situated on a combined urban parcel with frontage along Summit Avenue and Hood Street. Both buildings have undergone substantial capital improvements in recent years, including basement waterproofing with commercial grade dehumidification, plumbing and electrical upgrades, updated water service, replacement and repair of fire escapes, new flooring, interior painting, remodeled units, common area improvements, and the installation of new PTAC heating and cooling units.

These improvements enhance long term durability and help reduce near term capital expenditure requirements for a new owner.

The properties are zoned Residential Medium Density under City of Hagerstown zoning, which supports the existing multifamily use. Located within the downtown City Center area, the properties benefit from proximity to employment, education, public transportation, shopping, and ongoing revitalization efforts throughout downtown Hagerstown.

Constructed in the early 1900s, the buildings reflect the durable brick and masonry construction commonly found in the area. Combined ownership of the adjoining properties provides streamlined management, portfolio scale, and long term upside through control of a contiguous multifamily footprint along Summit Avenue.

This offering represents an income producing multifamily opportunity with scale, recent improvements, additional garage income potential, and a strong downtown location. It is well suited for investors seeking durable cash flow and long term appreciation potential in one of Western Maryland’s primary urban markets
#MDWA2034474

HAGERSTOWN

220-226 SUMMIT AVENUE

None Beds

None Baths

7,080 Sq.Ft.

$1,975,000

MLS#: MDWA2034474

13725-13729-13733 Pennsylvania Ave. Currently a Mix-use land investment with upgrade potential . 27 Income Units composed of: rehabbed 12-unit motel; single-family homes; various mobilehome rental units; mobile home lot rentals. - Zoning: Business General (BG). 5.75 Acres with interior private road system. Located in dense retail & residential corridor near Hagerstown Regional Airport, North of the Maugans Ave & PA Ave/US Rt. 11 high-traffic intersection. - Inspections by prior appointment please, including  the property's private road system. Excellent road frontage on PA Ave/U.S. Rt. 11; three separate vehicle entrances. Interstate 81 Exits are nearby. Offering Memorandum available.
#MDWA2031074

HAGERSTOWN

13725-13729-13733 PENNSYLVANIA AVENUE

None Beds

None Baths

9,417 Sq.Ft.

$2,100,000

MLS#: MDWA2031074

 - property

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