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Five-Unit Multifamily Investment Property

229 E UNION St, Cumberland, MD 21502

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For Sale

$249,000

Five income-producing units in established residential neighborhood near downtown.

Type:Investment

Lot size:

0.08 Acres

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.
Includes a garage, adding value and potential rental income.
Tenant‑paid electric simplifies expense management.
Opportunity to purchase multiple properties at a discount.

We can help!

Listing Contact

Taylor Bowen

Learn more

For Sale

$249,000

Five income-producing units in established residential neighborhood near downtown.

Type:Investment

Lot size:

0.08 Acres

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 5:49 pm

Property Features for 229 E UNION St

General Information

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

Building Details

Year Built: 1910

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

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.
Includes a garage, adding value and potential rental income.
Tenant‑paid electric simplifies expense management.
Opportunity to purchase multiple properties at a discount.

Overview

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).

Location Intelligence

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Apartment buildings

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Local Demand

City: Cumberland
County: Allegany
State: Maryland
Longitude: -78.7567313
Latitude: 39.6516146

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For sale
Apartment buildings
MD
Cumberland
21502
229 E UNION St

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.