BEDS0
BATHS
SQUARE FEET4,712
MLS#MDAL2015110
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLALLEGANY COUNTY PUBLIC SCHOOLS
Property Description
An exceptional mixed-use investment opportunity in the heart of Cumberland. This well-maintained four-unit apartment building with a street-level commercial space offers strong in-place income, upside potential, and long-term stability—all in a convenient downtown location near shops, dining, and everyday amenities. The property is largely occupied and thoughtfully updated, making it a turnkey addition to any portfolio. The ground-floor commercial space features prominent street-facing windows, ideal for office, retail, or storage use, creating an additional revenue stream and flexibility for future tenants or owner use. Each residential unit is separately metered for electric and water, helping minimize owner expenses and simplify management. Unit Breakdown: - Unit 1: 1BR/1BA — Rented at $901/month. Features hardwood floors, in-unit laundry, and a new hot water heater. - Unit 2: 2BR/2BA — Rented at $822/month. Currently undergoing improvements, including new flooring in one bedroom. - Unit 3: 2BR/2BA — rented at $950/month. Offers hardwood floors, in-unit laundry, an open kitchen with island, and stunning city and mountain views—prime for immediate lease-up at market rate. - Unit 4: 1BR/1BA — Rented at $900/month. Recently updated with new carpet and flooring, fresh paint, new countertops, and a new hot water tank. Includes central air. Additional improvements include a fully waterproofed basement (2024) with a new sump pump, providing peace of mind and reduced maintenance concerns. With multiple income streams, solid rental history, and value-add potential through lease optimization and commercial use, this property delivers both immediate cash flow and long-term appreciation in a steadily revitalizing downtown market.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.06 Acres
Taxes: $3,307
Year Built: 1920
Feature Descriptions
Additional Structures: Above Grade
Days on Site: 4
Electric: 200+ Amp Service
Exterior: Stucco
Flooring: Hardwood
Location: Downtown
Lot Dimensions: 0.06 Acre(S)
Municipality: Cumberland
One Bedroom Units: 2
Sewer: Public Sewer
Special View Info: City, Mountain
Structure Type: Detached
Two Bedroom Units: 2
Units: 4
Water: Public
Local Schools
High School: ALLEGANY
Elementary School: WEST SIDE
School District: ALLEGANY COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Charis Realty Group
Agency Phone: 2408015011
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,118.86 per month $745.56 Principal & Interest $275.58 Property Tax $97.71 Homeowner's InsuranceChange Payment Information
301 Baltimore Avenue | MLS# MDAL2015110
This multi-family property located at 301 Baltimore Avenue, Cumberland, MD 21502 is currently listed for sale with an asking price of $335,000. Baltimore Avenue is located within the ALLEGANY COUNTY PUBLIC SCHOOLS school district. Search Cumberland real estate on www.realtymark.net today.