Updated Duplex in Cumberland,
For Sale
$179,000
449 COLUMBIA Street, Cumberland, MD 21502
MULTI_FAMILY - CUMBERLAND, MD
Property Size2,248 SF
Lot Size0.09 Acres
Price / SF$79.63
Days on Market337
Property Features for 449 COLUMBIA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Appliances
Refrigerator, Stove
Subdivision
NONE AVAILABLE
Elementary school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Middle school district
ALLEGANY COUNTY PUBLIC SCHOOLS
High school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,248 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
988
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Number of units
2
Building materials
Stone
Listing Agency:
Better Homes & Gardens Real Estate Old Line Group
(301) 689-0100
Listed By:
Destiny lynn Hill · License #5002170
(240) 362-4717
Added: Aug 29, 2025
Changed: Jun 11
Last Checked: Jul 31 at 5:06AM
MLS# MDAL2012782
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated duplex features two spacious units, each with 2 bedrooms. One unit includes 1 full bath, while the other offers 1.5 baths. Both units have been completely remodeled, blending modern style with efficiency. Upgrades include new siding, roof, windows, and doors, along with new plumbing and forced-air heating systems. The interiors feature new flooring, updated kitchens with sleek cabinetry, countertops, and new appliances, plus renovated bathrooms. The property is turnkey and low-maintenance. It is suitable as an investment property or for an owner to live in one unit and rent the other. The lot size is 0.0876 acres and the property size is 2248 square feet.
Key Highlights
- Completely remodeled duplex with modern upgrades throughout.
- Two spacious units, each with 2 bedrooms.
- New siding, roof, windows, and doors offer peace of mind.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.9k | $10.20 |
| − Vacancy | −$1.2k | −$0.53 |
| EGI | $21.7k | $9.67 |
| − OpEx | −$6.5k | −$2.90 |
| NOI | $15.2k | $6.77 |
2,248 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.2K – $253.6K
NOI $15,216 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$201.4K
$176.2K – $234.9K
NOI $14,095 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$833.7K
$729.5K – $972.6K
NOI $58,357 @ 7.0% cap · market cap 32.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with new features, ideal for investment or living.
Where is this duplex located?
The property is located at 449 COLUMBIA Street Cumberland, MD.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Completely remodeled duplex with modern upgrades throughout.; Two spacious units, each with 2 bedrooms.; New siding, roof, windows, and doors offer peace of mind.
