Here, we report the crystallographic, thermodynamic, and magnetotransport properties of flux grown EuAg2Ge2 single crystals using X-ray diffraction, anisotropic magnetic susceptibility, and magnetization, heat capacity, electrical resistivity, and magnetoresistance measurements. The room temperature powder X-ray diffraction pattern confirms that EuAg2Ge2 crystallizes in a body-centered tetragonal ThCr2Si2–type structure (space group I4/mmm) with lattice parameters, a = 4.401 Å and c = 10.845 Å. The magnetic susceptibility data reveal two subsequent antiferromagnetic transitions at TN1 ∼ 8.3 K, and TN2 ∼ 6.2 K. For H‖c at T = 5 K, the magnetization data show the spin-flop like metamagnetic transition around the critical field of 1.4 T. The existence of antiferromagnetic transitions is further confirmed by the heat capacity measurements, which display two anomalies around TN1 = 8.3 K and TN2 = 6.1 K. The electrical resistivity data show the metallic behavior of the compound, which is best described by the Bloch-Grüneisen model above 30 K. At low temperatures, the antiferromagnetic transition manifests through a slight upturn around 8 K, followed by a sharp drop in the resistivity data. The transverse magnetoresistance (MR) measured for H‖c below TN first increases, showing a broad maximum at critical field strength that shifts towards lower fields with increasing temperature. With further increasing fields beyond the maximum, MR decreases, and changes its value from positive to negative. The evolution of MR from positive to negative could be associated with the metamagnetic transition in EuAg2Ge2. In the paramagnetic region, MR remains negative across the entire field range.