Frostburg Apartment Complex Investment
For Sale
$475,000
Pending
27 FIRST St, Frostburg, MD 21532
Seven-unit apartment complex near downtown Frostburg and Frostburg State University.
Days on Market99
Property Features for 27 FIRST St
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1921
Listing Agency:
Sullivan Select
(301) 988-5115
Listed By:
Cynthia R Sullivan · License #505283
(301) 988-5115
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 9:30AM
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 Sullivan Select
Investment Insights
Based on property information with market context.
This seven-unit apartment complex is centrally located in downtown Frostburg, Maryland, and is situated less than one mile from Frostburg State University and minutes from the Great Allegany Passage. The property is zoned C3, a vibrant mixed-use town center commercial district. This zoning is suitable for the downtown/town-center area, typically allowing a mix of retail, office, residential above the ground floor, and other compatible uses as outlined in the city’s zoning ordinance. The units are occupied by long-term tenants. One furnished unit is currently vacant, previously used for the owner's personal use, and is available for rental income. The location has a walk score of 83, indicating it is very walkable, and a bike score of 39, indicating it is somewhat bikeable.
Key Highlights
- Seven‑unit apartment complex in a central downtown location
- Zoned C3, allowing for mixed‑use development (retail, office, residential)
- Close proximity to Frostburg State University (less than one mile)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 21532, MD
13,328
Population
6,044
Households
2.2
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
74.1 sq mi
ZIP Area
180
Density / Sq Mi
$60,158
Median Household Income
$33,054
Median Earnings
$839
Median Rent
$175,600
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 - Seven-unit apartment complex near downtown Frostburg and Frostburg State University.
Where is this apartment building located?
The property is located at 27 FIRST St Frostburg, MD.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Seven‑unit apartment complex in a central downtown location; Zoned C3, allowing for mixed‑use development (retail, office, residential); Close proximity to Frostburg State University (less than one mile)
