Allegany County, MD Apartment Buildings for Sale

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Baltimore, MD Hagerstown, MD Salisbury, MD

12 properties

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Updated: May 21

Renovated 6-Unit Multifamily Building

136 WAVERLY Street, Westernport, MD 21562

$299,900

5,044 sqft · 0.88 AC lot

Ready‑to‑go earning power with quick potential cash flow.
Extensive renovation completed in 2024.
Minimal hands‑on management needs.
Location consistently attracts quality tenants.
Six‑unit multifamily property on just under an acre.

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Updated: May 1

Cumberland Multifamily Investment Opportunity

807 BEDFORD Street, Cumberland, MD 21502

$225,000

2,395 sqft · 0.06 AC lot

Converted duplex into a 5‑unit building that is currently fully rented
Brick construction
Year built: 1920
Heating includes electric and baseboard (plus other heating)
Parking available on‑street and off‑street

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Five-Unit Apartment Building in Cumberland

511 SHRIVER Avenue, Cumberland, MD 21502

$200,000

3,544 sqft · 0.08 AC lot

Five-unit apartment building with income potential in Cumberland, Maryland.

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Historic Downtown Cumberland Multifamily Opportunity

124 BEDFORD St, Cumberland, MD 21502

$140,000

3,000 sqft · 0.04 AC lot

Rare multifamily/commercial property in historic downtown Cumberland.

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Student Housing Portfolio

70 E College Avenue, Frostburg, MD 21532

$2,500,000

74,309 sqft

Auction sale of a 43-property, 59-unit student housing portfolio with existing leases for the 2026–2027 academic year.

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Nine-Unit Multifamily Investment Opportunity

315 FREDERICK, Cumberland, MD 21502

$299,000

0.08 AC lot

Nine-unit property with commercial space in Cumberland, Maryland.

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Frostburg Apartment Complex Investment Opportunity

27 FIRST St, Frostburg, MD 21532

$475,000

Seven-unit apartment complex near downtown Frostburg and Frostburg State University.

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Five-Unit Multifamily Investment Property

229 E UNION St, Cumberland, MD 21502

$249,000

0.08 AC lot

Five income-producing units in established residential neighborhood near downtown.

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Renovated 6-Unit Multifamily Property

136 WAVERLY St, Westernport, MD 21562

$299,900

Six-unit multifamily with 2024 renovations and recent upgrades, positioned for straightforward ownership.

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Five-Unit Multifamily Investment Property

341 Frederick St, Cumberland, MD 21502

$259,000

0.08 AC lot

Income-producing multifamily property near downtown Cumberland amenities.

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Student Housing Portfolio

114 Bowery Street, Frostburg, MD 21532

$2,500,000

Turn-key 59-unit student housing portfolio with pre-leased revenue serving Frostburg State University.

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Mixed-Use Investment Property For Sale

436- 442 N CENTRE St, Cumberland, MD 21502

$425,000

0.12 AC lot

Fully occupied investment property with renovation potential in Cumberland, MD.

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Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 12 Active listings in Allegany County, MD, we suggest exploring several alternatives: similar 12 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Brooklyn Two-Family Home with Development Potential

69 Martense Street, Brooklyn, NY 11226

$1,888,888

2,660 sqft · 0.10 AC lot

Two-family home on a large lot with significant development potential.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Off-Market Properties in Allegany County, MD

Consider similar Off-Market properties in Allegany County, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (100+ UNITS)

135 Mechanic St, Cumberland, MD 21502-2351

$5,000,000

Estimated value

82,950 sqft · 0.90 AC lot

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APARTMENT HOUSE (5+ UNITS)

10 Liberty St, Cumberland, MD 21502-2350

$3,390,000

Estimated value

60,354 sqft · 0.63 AC lot

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APARTMENT HOUSE (5+ UNITS)

15904 Williams SE Rd, Cumberland, MD 21502-7980

Value Estimation by Request

5,325 sqft · 1.81 AC lot

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APARTMENT HOUSE (100+ UNITS)

220 Somerville Ave, Cumberland, MD 21502-4375

$4,280,000

Estimated value

79,296 sqft · 2.05 AC lot

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Multifamily properties

700 Fayette St, Cumberland, MD 21502

Value Estimation by Request

6,160 sqft · 0.30 AC lot

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Multifamily properties

1068 National Hwy, La Vale, MD 21502

Value Estimation by Request

13,072 sqft · 0.91 AC lot

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Multifamily properties

229 Union St, Cumberland, MD 21502

Value Estimation by Request

5,160 sqft

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Multifamily properties

504-504 Rear Dilley St, Cumberland, MD 21502

Value Estimation by Request

2,384 sqft · 0.11 AC lot

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Multifamily properties

508-514 Bedford St, Cumberland, MD 21502

Value Estimation by Request

4,124 sqft · 0.17 AC lot

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Multifamily properties

708 Fayette St, Cumberland, MD 21502

Value Estimation by Request

2,178 sqft · 0.27 AC lot

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APARTMENT HOUSE (5+ UNITS)

14513 Mcmullen SW Hwy, Cresaptown, MD 21502-5606

Value Estimation by Request

420 sqft · 0.84 AC lot

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APARTMENT HOUSE (100+ UNITS)

229 Baltimore Ave, Cumberland, MD 21502-2467

$5,130,000

Estimated value

100,232 sqft · 1.23 AC lot

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Allegany County, MD Apartment Buildings Market Trends and Statistics

Explore 24 apartment buildings for sale in Allegany County, MD, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 90,336 square feet of properties for sale, with an estimated market value of $3,549,900.

Sale prices for two-family homes in Allegany County, MD start at $200,000, averaging $709,980, and reaching up to $2,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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