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    Frostburg, MD
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    Frostburg, MD Apartment Buildings for Sale

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    Eckhart Mines, MD Mount Savage, MD Lavale, MD Midland, MD Cresaptown, MD Lonaconing, MD Hyndman, PA Rawlings, MD
    Student Housing Portfolio
    Updated: May 20
    Student Housing Portfolio

    70 E College Avenue, Frostburg, MD 21532

    $2,500,000
    74,309 sqft
    43‑property, 59‑unit student housing portfolio in Frostburg, MD, offered via auction (online bidding ends June 25 at noon).
    2025 calendar‑year gross income reported at $448,850 for the portfolio.
    Portfolio appraised at $4,564,800 in 2022; current algorithmic valuations reportedly track at $5,863,600.
    Pre‑leased revenue secured, with numerous student leases already signed for the 2026–2027 academic year.
    Portfolio is described as clustered within convenient walking distance to Frostburg State University (FSU).
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    Frostburg Apartment Complex Investment Opportunity
    Updated: Apr 24
    Frostburg Apartment Complex Investment Opportunity

    27 FIRST St, Frostburg, MD 21532

    $475,000
    Seven‑unit apartment complex in a central downtown location
    Zoned C3, allowing for mixed‑use development (retail, office, residential)
    Close proximity to Frostburg State University (less than one mile)
    Convenient access to the Great Allegany Passage (GAP) Trail
    Well‑maintained property with long‑term tenants
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    Student Housing Portfolio
    Student Housing Portfolio

    114 Bowery Street, Frostburg, MD 21532

    Contact for pricing

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

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Frostburg, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    All-Brick Apartment Complex
    All-Brick Apartment Complex

    20960 MARYLAND Highway, Bloomington, MD 21523

    $200,000
    5,568 sqft 1.25 AC lot

    Vacant, all-brick complex with 13 units and private tenant parking in the Sheppards Park Subdivision.

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    Historic Downtown Cumberland Multifamily Opportunity
    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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    All-Brick Apartment Complex
    All-Brick Apartment Complex

    20960 MARYLAND Hwy, Bloomington, MD 21523

    $200,000
    1.25 AC lot

    Vacant, all-brick complex with a mix of two-bedroom and efficiency apartments and private tenant parking on one parcel.

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    Romanesque Apartment Building with Owner Suite
    Romanesque Apartment Building with Owner Suite

    103 Washington St, Cumberland, MD 21502

    Contact for pricing

    1880s Romanesque building with 11 apartments and a multi-bedroom owner suite; city inspections and lead certificates current.

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    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
    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
    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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    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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    Asheville Development Opportunity: 5.94 Acres
    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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    Frostburg, MD Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Frostburg, MD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 74,309 square feet of properties for sale, with an estimated market value of $2,975,000.

    Sale prices for two-family homes in Frostburg, MD start at $475,000, averaging $1,487,500, 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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    Demographics Overview

    Population 13K
    Population Growth (5Y) -12.9%
    Median Household Income $60,158
    College Educated 49.5%

    High-Yield Neighborhoods for Investment

    Identify Frostburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21532 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.02%
    Property Tax per SF $17.56 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegany County

    New Delisted

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