Five-Unit Multifamily Investment
For Sale
$249,000
229 E UNION ST, Cumberland, MD 21502
Five income-producing units in established residential neighborhood near downtown.
Property Size3,680 SF
Lot Size0.08 Acres
Price / SF$67.66
Days on Market145
Property Features for 229 E UNION ST
General Information
Standard status
Active
Size
3,680 SF
Lot size
0.08 Acres
Property subtype
Multi-family
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1620
Listed By:
Taylor Bowen · License #WV0028038
(301) 745-1623
Source:
Graves
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 14 at 12:50PM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This investment property features five income-producing units. The unit mix includes one 2-bedroom/1-bath unit, two 1-bedroom/1-bath units, and two efficiency units. Each unit is equipped with baseboard heat, and tenants are responsible for their electric bills. The landlord covers the costs of water, sewer, and trash services. The property also includes a garage. One 1-bedroom unit is currently leased at $700 per month on a month-to-month lease. The property is situated in an established residential neighborhood with convenient access to downtown amenities, shopping, and major commuter routes. The location is considered bikeable with a bike score of 62 and very walkable with a walk score of 92. Public transportation is somewhat available, indicated by a transit score of 25. Other properties are available, and a discount is offered for the purchase of all four properties, including 315 Frederick (9 units), 339/341 Frederick (5 units), and a commercial lot at Front & Baltimore (0.08 acres).
Key Highlights
- Five income‑producing units offer immediate rental income.
- Excellent location with a walk score of 92, a 'Walker's Paradise'.**
- Convenient access to downtown amenities, shopping, and major commuter routes.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,278
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five income-producing units in established residential neighborhood near downtown.
Where is this apartment building located?
The property is located at 229 E UNION ST Cumberland, MD.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Five income‑producing units offer immediate rental income.; Excellent location with a walk score of 92, a 'Walker's Paradise'.**; Convenient access to downtown amenities, shopping, and major commuter routes.
