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    Frostburg, MD Apartment Buildings for Sale

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    Eckhart Mines, MD Lavale, MD Mount Savage, MD
    Student Housing Portfolio
    $2,500,000
    74,309 SF
    Student Housing Portfolio

    70 E College Avenue, Frostburg, MD 21532

    Auction sale of a 43-property, 59-unit student housing portfolio with existing leases for the 2026–2027 academic year.
    • 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).
    Updated: Jun 8
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    Frostburg Apartment Complex Investment Opportunity
    $599,500
    Frostburg Apartment Complex Investment Opportunity

    27 FIRST St, Frostburg, MD 21532

    Seven-unit apartment complex near downtown Frostburg and Frostburg State University.
    • 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
    Updated: Apr 24
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    Multifamily Investment Property in Frostburg
    $265,000
    Multifamily Investment Property in Frostburg

    Six-unit property with cash flow and upside potential near university.

    8 HILL St, Frostburg, MD 21532

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    Student Housing Portfolio
    Contact for pricing
    Student Housing Portfolio

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

    114 Bowery Street, Frostburg, MD 21532

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 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.

    Five-Unit Apartment Building in Cumberland
    $200,000
    3,544 SF
    Five-Unit Apartment Building in Cumberland

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

    511 SHRIVER Avenue, Cumberland, MD 21502

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    Renovated Multifamily Property
    $325,000
    5,044 SF
    Renovated Multifamily Property

    Six-unit property with earning potential after 2024 renovation.

    136 Waverly Street, Westernport, MD 21562

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    Renovated 6-Unit Multifamily Property
    $314,900
    Renovated 6-Unit Multifamily Property

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

    136 WAVERLY St, Westernport, MD 21562

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    Nine-Unit Property with Commercial Space
    $299,000
    0.08 Acres
    Nine-Unit Property with Commercial Space

    Investment opportunity: nine efficiency apartments with commercial space in Cumberland.

    315 Frederick St, Cumberland, MD 21502

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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
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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    Central Business Zoned Development Land
    $250,000
    0.23 Acres
    Central Business Zoned Development Land

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

    107 HOWARD Street, La Plata, MD 20646

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    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF
    Brooklyn Two-Family Home with Development Potential

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

    69 Martense Street, Brooklyn, NY 11226

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    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

    View details

    Frostburg, MD Apartment Buildings Investment Opportunities Market Analysis

    Explore 4 apartment buildings for sale in Frostburg, MD, showcased through 4 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 $2,500,000.

    Sale prices for two-family homes in Frostburg, MD start at $2,500,000, averaging $2,500,000, 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 $432.3K

    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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