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Nine-Unit Apartment Building
New
For Sale
$480,000

12 1/2 S WAVERLY TER, Cumberland, MD 21502

Multifamily property with renovated interiors, separate electric meters, laundry rough-ins, and dedicated off-street parking.

Property SizeContact for details
Days on Market3

Property Features for 12 1/2 S WAVERLY TER

General Information

Standard status Active

Property Condition

Severity Repairs Needed
Evidence Units 7 and 8 are partially completed—already gutted and painted and primarily needing flooring, kitchens and bathrooms

Units

Unit Mix 7 x 1BR, 2 x 2BR
Multifamily Units 9

Amenities

laundry rough-ins
off-street parking

Building Details

Buildings 1
Listing Agency: Mountainside Home Realty
Listed By: Allyson M. Litten · License #666909
Source: Graves
Added: Sep 13 Last Checked: Sep 14 at 12:00PM

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 Mountainside Home Realty

Investment Insights

Based on property information with market context.

This nine-unit apartment property at 12 1/2 S Waverly Ter includes seven one-bedroom apartments and two two-bedroom apartments. Five units are occupied. Most apartments have undergone renovation, while Units 7 and 8 have been gutted and painted and require flooring, kitchen, and bathroom work. Building improvements include new water heaters throughout, refreshed common areas, updated electrical outlets, refinished stairs, and new common-area flooring.

The property has separate electric meters and laundry rough-ins. A private parking lot across the street is included, providing dedicated off-street parking for residents. The sale also includes the additional parcel associated with that lot, with any future development subject to local approvals. The property is located in Cumberland, Maryland.

Key Highlights

  • Nine apartment units: seven one‑bedroom and two two‑bedroom apartments
  • Five units currently occupied
  • Units 7 and 8 are gutted and painted, requiring flooring, kitchens, and bathrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Tech Support Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,278
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with renovated interiors, separate electric meters, laundry rough-ins, and dedicated off-street parking.
Where is this apartment building located?
The property is located at 12 1/2 S WAVERLY TER Cumberland, MD.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Nine apartment units: seven one‑bedroom and two two‑bedroom apartments; Five units currently occupied; Units 7 and 8 are gutted and painted, requiring flooring, kitchens, and bathrooms
More about this property
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