Historic Downtown Cumberland Multifamily
For Sale
$140,000
124 BEDFORD St, Cumberland, MD 21502
Rare multifamily/commercial property in historic downtown Cumberland.
Property Size2,340 SF
Lot Size0.04 Acres
Price / SF$46.67
Days on Market165
Property Features for 124 BEDFORD St
General Information
Standard status
Active
Size
2,340 SF
Lot size
0.04 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,596
Building Details
Building Size
2,340 SF
Year Built
1895
Units
3
Listing Agency:
Coldwell Banker Professional Real Estate Services
(571) 302-1337
Listed By:
Penni Walker
(571) 302-1337
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 20 at 8:01AM
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 Coldwell Banker Professional Real Estate Services
Investment Insights
Based on property information with market context.
Located in the heart of Historic Downtown Cumberland, 124 Bedford St presents a multifamily or commercial opportunity. Constructed in 1895, this brick property offers over 3,000 square feet and features three separate apartments, each occupying its own floor. The property is suitable for investors, owner-occupants, business offices, or those seeking portfolio expansion in Western Maryland. Interior features include original woodwork, a grand winding staircase, high baseboards, and a detailed fireplace mantel. The main level includes a 1-bedroom apartment, a versatile room with a decorative fireplace, and a grand foyer with interior and exterior access to all units. The second floor contains another 1-bedroom apartment, a flexible office/studio/bonus room, and an additional half bath in the hallway. The third-floor apartment has a large eat-in kitchen. A spacious basement provides storage and potential laundry or workshop space. At the rear is a courtyard with exterior stairs allowing private access to all three levels, and spacious landings offer room for outdoor leisure in a walkable urban setting. The property is located steps from shops, restaurants, and the energy of Downtown Cumberland, blending historic charm with income-producing potential.
Key Highlights
- Rare multi‑family/commercial opportunity in Historic Downtown Cumberland.
- Three separate apartments offer income‑producing potential or owner‑occupancy.
- Over 3,000 square feet of space with flexible layouts.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,467
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?
Apartment building - Rare multifamily/commercial property in historic downtown Cumberland.
Where is this apartment building located?
The property is located at 124 BEDFORD St Cumberland, MD.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Rare multi‑family/commercial opportunity in Historic Downtown Cumberland.; Three separate apartments offer income‑producing potential or owner‑occupancy.; Over 3,000 square feet of space with flexible layouts.
