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    114 Bowery Street, Frostburg, MD 21532

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

    Type:Multifamily
    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

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    Listing Contact
    Jeffrey Stein

    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

    This premier student housing portfolio includes 43 properties totaling 59 units, offered as a turn-key acquisition opportunity. The portfolio is presented as stabilized, with gross income of $448,850 for the 2025 calendar year cited in the offering materials. A 2022 appraisal is listed at $4,564,800, with subsequent market estimates and valuations referenced at $5,863,600 for 2026.

    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.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frostburg
    County
    Allegany
    State
    Maryland
    Longitude
    -78.9271164
    Latitude
    39.651034

    FAQs

    What type of property is this?
    Apartment building - Turn-key 59-unit student housing portfolio with pre-leased revenue serving Frostburg State University.
    Where is this apartment building located?
    The property is located at 114 Bowery Street Frostburg, MD.
    What are key features of this property?
    This property features: 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).
    More about this property
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