114 Bowery Street, Frostburg, MD 21532
Turn-key 59-unit student housing portfolio with pre-leased revenue serving Frostburg State University.
- Added:
- May 29, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 5:28 am
Property Features for 114 Bowery Street
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Jeffrey Stein License #MD 5422
Listing office Tranzon Key
Listing date May 29, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Tranzon Key
HighLights
- 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.
Overview
The portfolio is located in Frostburg, Maryland, directly serving Frostburg State University. The properties are described as a concentrated cluster within convenient walking distance of the campus, including the student centers and local downtown amenities noted in the remarks.
For investors, the portfolio’s most practical attribute is that it is designed around an existing, location-driven tenant pipeline. The remarks state that pre-leased revenue has been secured, with numerous student leases already signed and executed for the upcoming 2026/2027 academic year. That structure may appeal to institutional buyers, private equity groups, or syndicators seeking a university submarket asset with secured near-term occupancy. A comprehensive Offering Memorandum (OM) is available upon execution of a Confidentiality Agreement, with detailed property addresses, unit mixes, historical expense sheets, and 2026/2027 lease agreements included.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Frostburg
- County
- Allegany
- State
- Maryland
- Longitude
- -78.9271164
- Latitude
- 39.651034