Vacant Duplex with Two
For Sale
$135,000
920 BEDFORD Street, Cumberland, MD 21502
Multi-Family, CUMBERLAND, MD
Property Size1,778 SF
Lot Size0.72 Acres
Price / SF$75.93
Days on Market67
Property Features for 920 BEDFORD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Interior features
Attic, Dining Area
Appliances
Dryer, Washer, Microwave
Subdivision
NONE AVAILABLE
Elementary school
CASH VALLEY
Middle school
BRADDOCK
High school
ALLEGANY
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
1,778 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Annual Amount
2063
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1885
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Mountainside Home Realty
(301) 722-0190
Listed By:
Jordan T Wilson
(301) 707-8714
Added: Jul 3
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
MLS# MDAL2015216
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 duplex contains 1,778 square feet arranged as two one-bedroom, one-bath units. Both units are vacant, allowing the next owner to occupy one and rent the other or use the property as a two-unit rental. Interior features include an attic, dining area, dining room, and basement. The property also includes a washer, dryer, and microwave, with vinyl siding, window unit cooling, and other heating equipment.
Situated at 920 Bedford Street in Cumberland, Maryland, the property occupies 0.72 acres in Allegany County. The building dates to 1885 and offers a compact multifamily configuration with flexible occupancy options.
Situated at 920 Bedford Street in Cumberland, Maryland, the property occupies 0.72 acres in Allegany County. The building dates to 1885 and offers a compact multifamily configuration with flexible occupancy options.
Key Highlights
- Two‑unit duplex with 1,778 square feet
- Each unit has 1 bedroom and 1 full bath
- Both units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,700
$240.7K
Cap Rate 7%
$171,929
$171.9K
Cap Rate 9%
$133,722
$133.7K
Market Conditions
NOI Build-Up for 1,778 SF
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.
Gross rent
$18.1K $10.20/SF
− Vacancy
−$943 −$0.53/SF
EGI
$17.2K $9.67/SF
− OpEx
−$5.2K −$2.90/SF
NOI
$12.0K $6.77/SF
Area
Allegany County, MD
Vacancy
5.20%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,700
Cap Rate 7%
$171,929
Cap Rate 9%
$133,722
Alternative Uses
Best Use
Multifamily LT 5
$171.9K
$150.4K – $200.6K
NOI $12,035 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$159.3K
$139.4K – $185.8K
NOI $11,148 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$659.4K
$577.0K – $769.3K
NOI $46,156 @ 7.0% cap · market cap 34.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
195
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 - The property supports flexible owner-occupant or rental use, with both units available for the next owner’s plans.
Where is this duplex located?
The property is located at 920 BEDFORD Street Cumberland, MD.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,778 square feet; Each unit has 1 bedroom and 1 full bath; Both units are currently vacant
