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Four-Unit Mixed-Use Property
For Sale
$320,000

301 Baltimore Ave, Cumberland, MD 21502

Combines four apartments with a street-level commercial area featuring prominent windows and flexible office, retail, or storage use.

Property Size4,712 SF
Price / SF$67.91
Days on Market15

Property Features for 301 Baltimore Ave

General Information

Standard status Active
Size 4,712 SF

Additional Details

Floor Ground Floor
Office Units 1

Building Details

Year Built 1920
Buildings 1
Listing Agency: Charis Realty Group
Listed By: Jennifer Jackson · License #WVS220302287
Source: Kableteam
Added: Aug 16 Changed: Aug 28 Last Checked: Aug 29 at 12:26PM

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 Charis Realty Group

Investment Insights

Based on property information with market context.

This mixed-use property combines four residential apartments with a street-level commercial space in a building constructed in 1920. The apartments include two one-bedroom units and two two-bedroom units, with select residences offering hardwood flooring, in-unit laundry, kitchen islands, central air, and updated finishes. The commercial area has street-facing windows and can accommodate office, retail, or storage functions. Residential utilities are separately metered for electric and water.

A waterproofed basement completed in 2024 includes a new sump pump. The property is located at 301 Baltimore Ave in downtown Cumberland, near shops, dining, and everyday amenities. Additional residential improvements include new flooring, paint, countertops, hot water equipment, and carpeting across individual units.

Key Highlights

  • Four residential units: two 1BR/1BA apartments and two 2BR/2BA apartments
  • Street‑level commercial space with prominent windows and office, retail, or storage use
  • Separate electric and water metering for each residential unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Tech Support Center Tanning Salon

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

1
Office units

Location Intelligence

Trade Area within ½ mile

1,235
Businesses Nearby

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

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?
Mixed-use property - Combines four apartments with a street-level commercial area featuring prominent windows and flexible office, retail, or storage use.
Where is this mixed-use property located?
The property is located at 301 Baltimore Ave Cumberland, MD.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four residential units: two 1BR/1BA apartments and two 2BR/2BA apartments; Street‑level commercial space with prominent windows and office, retail, or storage use; Separate electric and water metering for each residential unit
More about this property
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