220-226 Summit Avenue

BUY THIS PORTFOLIO WITH LITTLE TO NO MONEY DOWN! SELLER WILL CARRY 20% OF THE PURCHASE PRICE ON A 2ND MORTGAGE WITH PAYMENTS DEFERRED FOR UP TO 12 MONTHS!

Creative financing is available, and this is a rare chance to acquire a stable, income-producing portfolio with minimal cash out of pocket. The seller is motivated and flexible on terms. Pair the seller second with a first mortgage from your lender and put your capital to work elsewhere while the property pays you.

Call today for details and to schedule a showing. Opportunities like this don’t last.

Hagerstown Multifamily Portfolio: Property Overview

Two sister apartment buildings at 220–222 and 224–226 Summit Avenue form a well-located multifamily portfolio in downtown Hagerstown. Together, they offer 20 apartments and a detached three-bay garage. The asking price is $1,999,000.

The portfolio combines one-bedroom apartments and studios across two adjoining buildings. As a result, buyers can manage both properties as one investment.

20 Apartments Across Two Sister Buildings

• 220–222 Summit Avenue: Eight apartments, primarily one-bedroom units plus studios.
• 224–226 Summit Avenue: Twelve studio apartments.
• Detached garage: Three bays at the rear provide additional rental income.

The two- and three-story brick and masonry buildings date to the early 1900s. The combined property has frontage on Summit Avenue and Hood Street.

Recent Property Improvements

Ownership has completed substantial upgrades to the buildings and apartments. These improvements help reduce near-term repair and renovation needs.

• Basement waterproofing and commercial-grade dehumidification
• Plumbing and electrical upgrades, plus updated water service
• Fire escape repairs and replacement
• New flooring, interior paint, and remodeled apartments
• New PTAC heating and cooling units
• Common-area improvements

Downtown Hagerstown Location

The properties sit in Hagerstown’s downtown City Center area, near employment, education, and public transportation. They also benefit from access to ongoing downtown revitalization projects.

City zoning is Residential Medium Density, which supports multifamily use. In addition, the adjoining buildings offer shared management opportunities and the scale of a 20-unit portfolio.

Request Details or Schedule a Showing

Explore this Hagerstown multifamily portfolio with seller financing available. Contact Roberto Gonzalez to discuss the property, financing terms, and showing availability.

© 2026 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of RG Realty, Inc.. Data last updated on Monday, September 28th, 2026 04:08:18 PM.