Nine-Unit Multifamily Investment Opportunity

315 FREDERICK, Cumberland, MD 21502

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For Sale

$299,000

Nine-unit property with commercial space in Cumberland, Maryland.

Type:Investment

Lot size:

0.08 Acres

HighLights

Investment opportunity: Nine‑unit property with efficiency apartments and commercial space (laundry area).
Convenient location: Easy access to downtown amenities, shopping, and transportation.
Income potential: Currently has 3 units leased.
Recent upgrade: Gas boiler replaced 2 years ago.
Additional investment potential: Other properties available for purchase, with a discount for buying all.
High walk score: Very walkable location (Walk Score 79).

We can help!

Listing Contact

Taylor Bowen

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For Sale

$299,000

Nine-unit property with commercial space in Cumberland, Maryland.

Type:Investment

Lot size:

0.08 Acres

Added:: Apr 24, 2026
Days on Market:: 54
Last Refresh:: Apr 24 at 5:49 pm

Property Features for 315 FREDERICK

General Information

Standard status: Active
Lot size: 0.08 Acres
Property subtype: Investment

Building Details

Year Built: 1948

We can help!

Listing Contact

Taylor Bowen

Listing agent Taylor Bowen License #WV0028038

Listing office BHHS - Homesale Realty | Hagerstown

Listing date Apr 24, 2026

Source Elliman

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 BHHS - Homesale Realty | Hagerstown

HighLights

Investment opportunity: Nine‑unit property with efficiency apartments and commercial space (laundry area).
Convenient location: Easy access to downtown amenities, shopping, and transportation.
Income potential: Currently has 3 units leased.
Recent upgrade: Gas boiler replaced 2 years ago.
Additional investment potential: Other properties available for purchase, with a discount for buying all.
High walk score: Very walkable location (Walk Score 79).

Overview

This nine-unit property in Cumberland, Maryland, presents an investment opportunity. The property consists entirely of efficiency apartments and includes a small commercial space currently used as a tenant laundry area. The landlord is responsible for covering utilities. A gas boiler was replaced 2 years ago. The property's location provides convenient access to downtown amenities, shopping, and transportation routes. Currently, three units are leased, with two at $725 and one at $625, all on month-to-month leases. Other properties are available, with a discount offered for the purchase of all properties, including a five-unit property at 229 E Union, a five-unit property at 339/341 Frederick, and a commercial lot at Front & Baltimore spanning 0.08 acres. The property has a bike score of 55, indicating it is bikeable, and a walk score of 79, signifying it is very walkable. The transit score is 24, indicating minimal transit options.

Location Intelligence

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Local Demand

City: Cumberland
County: Allegany
State: Maryland
Longitude: -78.7604949
Latitude: 39.6551933

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For sale
Apartment buildings
MD
Cumberland
21502
315 FREDERICK

What type of property is this?

Apartment building - Nine-unit property with commercial space in Cumberland, Maryland.

Where is this apartment building located?

The property is located at 315 FREDERICK Cumberland, MD.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: Investment opportunity: Nine‑unit property with efficiency apartments and commercial space (laundry area).; Convenient location: Easy access to downtown amenities, shopping, and transportation.; Income potential: Currently has 3 units leased.