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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 Salisbury, PA Rawlings, MD
    Student Housing Portfolio
    Updated: May 29
    Student Housing Portfolio

    114 Bowery Street, Frostburg, MD 21532

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    43‑property (59‑unit) student housing portfolio in Frostburg, MD serving Frostburg State University (FSU).
    2025 gross income: $448,850 (reported as 2025 calendar‑year actual).
    Appraised at $4,564,800 in 2022; market estimate valuation of $5,863,600 (2026).
    Pre‑leased revenue with numerous student leases already signed for the upcoming 2026/2027 academic year.
    All 43 properties are within walking distance to the FSU campus.
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    See what stands out in Allegany County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Frostburg, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Apartment Building with Commercial Flexibility
    Apartment Building with Commercial Flexibility

    229 Main Street, Manns Choice, PA 15550

    $204,900
    13,648 sqft 0.31 AC lot

    Partially built-out property with one completed apartment and commercial zoning.

    View details
    Redevelopment-Ready Mixed-Use Building
    Redevelopment-Ready Mixed-Use Building

    229 Main St, Manns Choice, PA 15550

    $204,900
    13,648 sqft

    Value-add property on a heavily traveled corridor, with parking and a partially completed apartment unit ready to rent.

    View details
    Historic Downtown Cumberland Multifamily Opportunity
    Historic Downtown Cumberland Multifamily Opportunity

    124 BEDFORD St, Cumberland, MD 21502

    $104,000
    3,000 sqft 0.04 AC lot

    Rare multifamily/commercial property in historic downtown Cumberland.

    View details
    5-Unit Apartment Building
    5-Unit Apartment Building

    511 SHRIVER Ave, Cumberland, MD 21502

    $200,000

    Four one-bedroom units accompany a garage apartment positioned above a large garage.

    View details

    Frostburg, MD Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Frostburg, MD on our real estate platform.

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    Demographics Overview

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

    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

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Allegany County

    Residential Income

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    Featured Frostburg Real Estate Agencies

    Realmo connects you with licensed Frostburg CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Carter & Roque Real Estate
    9 W Main Street Frostburg, MD 21532
    Phone: 13016890100
    www.carterandroque.com

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