Nine-Unit Multifamily Investment
For Sale
$299,000
Pending
315 FREDERICK, Cumberland, MD 21502
Nine-unit property with commercial space in Cumberland, Maryland.
Property Size4,500 SF
Lot Size0.08 Acres
Days on Market108
Property Features for 315 FREDERICK
General Information
Standard status
Pending
Size
4,500 SF
Lot size
0.08 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,048
Building Details
Building Size
4,500 SF
Year Built
1948
Units
2
Listing Agency:
BHHS - Homesale Realty | Hagerstown
(301) 745-1623
Listed By:
Taylor Bowen · License #WV0028038
(301) 745-1623
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 11:56AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
106
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
