Building Details

Building Size 5,568 SF

Year Built 1965

Units 4

Listing Agency: RG Realty, Inc. r***@rgrealtyinc.com Show Phone

Listed By: Roberto G. Gonzalez · License #598229 Show Phone

Source: Elliman

Added: Jun 23 Changed: Aug 8 Last Checked: Jul 23 at 11:30AM

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Investment Insights

Based on property information with market context.

This all-brick apartment complex is currently vacant and includes one tax parcel. Originally constructed in 1965, the property contains 13 apartment units, comprised of 11 two-bedroom, one-bath units and two efficiency apartments. The complex also provides private parking for tenants and visitors and is set on 1.25 acres of land.

The property is located in the Sheppards Park Subdivision in the Bloomington area of Garrett County, Maryland, just west of the Allegany County border. It is described as about a 25-minute drive from the Deep Creek Lake area and benefits from access to the McHenry–Deep Creek Lake driving economic corridor. Route 219 provides north/south access to Interstate-68 to the north, and the location is noted as two hours east of the Baltimore/Washington area, one hour west of Morgantown, West Virginia, and two hours north of Pittsburgh, Pennsylvania.

With its straightforward unit mix and on-site parking, the complex can fit buyers or operators looking for a small residential income asset that includes both two-bedroom units and efficiency apartments. The property’s current vacancy may simplify near-term operating transitions for a new owner, while the single-parcel setup and compact footprint can support streamlined property management.

Key Highlights

• All‑brick apartment complex originally built in 1965
• 13 total units: 11 two‑bedroom, 1‑bath apartments and 2 efficiency apartments
• Currently vacant apartment complex

Property Analytics

Property Profile

Current Use

Bloomington Apartments Apartment Building

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store

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

13

Residential units

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 21523, MD

271

Population

65

Households

4.2

Avg Household Size

44

Median Age

33%

College-Educated

100%

High-School Grad

0.7 sq mi

ZIP Area

387

Density / Sq Mi

$70,347

Median Household Income

$36,250

Median Earnings

$104,500

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 - Vacant, all-brick complex with a mix of two-bedroom and efficiency apartments and private tenant parking on one parcel.

Where is this apartment building located?

The property is located at 20960 MARYLAND Hwy Bloomington, MD.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: All‑brick apartment complex originally built in 1965; 13 total units: 11 two‑bedroom, 1‑bath apartments and 2 efficiency apartments; Currently vacant apartment complex