Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    341 Frederick St Cumberland, MD 21502

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $259,000

    Income-producing multifamily property near downtown Cumberland amenities.

    Type:Multifamily
    Lot size:
    0.08 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    51
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 341 Frederick St

    General Information

    Standard status
    Active
    Lot size
    0.08 Acres
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Taylor Bowen
    Taylor Bowen

    Listing agent Taylor Bowen License #PA ABR005534

    Listing office Berkshire Hathaway HomeService Homesale

    Listing date Feb 9, 2026

    Source Crexi

    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 HomeService Homesale

    Overview

    Five-Unit Multifamily Investment Property

    This five-unit multifamily investment property is located in Cumberland, Maryland. The property features electric baseboard heat throughout. The landlord covers water, sewer, and trash services. An adjacent small lot offers potential for future use, tenant parking, or additional outdoor space. The property is located near downtown amenities, shopping, and major travel routes. Currently, one unit is leased at $675 per month on a month-to-month lease. Other properties are available, and a discount is offered for the purchase of all properties, including a nine-unit property at 315 Frederick, a five-unit property at 229 E Union, and a commercial lot at Front & Baltimore spanning 0.08 acres.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Cumberland
    County
    Allegany
    State
    Maryland
    Longitude
    -81.5291885
    Latitude
    37.5772618

    Nearby Similar for Sale

    • $440,000

      Former Pizza Hut For Sale

      Turn-key restaurant opportunity with cosmetic upgrades and high traffic volume.
      1310 W INDUSTRIAL BLVD, CUMBERLAND, MD 21502
      View Details
    • $149,900

      Remodeled Commercial Building in Cumberland

      Move-in ready commercial property with flexible layout and recent updates.
      119 S SMALLWOOD Street, CUMBERLAND, MD 21502
      View Details
    • $249,000

      Landmark Commercial Property on Baltimore Pike

      High-visibility commercial property with flexible space and excellent frontage.
      15501 BALTIMORE PIKE NE, CUMBERLAND, MD 21502
      View Details
    • $799,777

      Commercial Property in Prime Location

      Commercial property in Cumberland, MD, with high exposure and private parking.
      1096 W INDUSTRIAL Boulevard, CUMBERLAND, MD 21502
      View Details
    • $180,000
      2,340 SF

      Historic Cumberland Multi-Family Opportunity

      Historic multi-family property in downtown Cumberland with income potential.
      124 BEDFORD Street, CUMBERLAND, MD 21502
      View Details
    • $895,000

      CUMBERLAND Commercial Property Near I-68

      Commercial property near I-68, suitable for fast food or retail.
      231 WILLIAMS ST, CUMBERLAND, MD 21502
      View Details
    • $297,000

      Downtown Cumberland Commercial Space Available

      20,000+ SF commercial space in downtown Cumberland for sale.
      38 MECHANIC Street N, CUMBERLAND, MD 21502
      View Details
    • $195,000
      1,248 SF

      CUMBERLAND Duplex with Recent Upgrades

      Duplex with new roof, windows, siding, HVAC, and electric.
      535-537 N MECHANIC Street, CUMBERLAND, MD 21502
      View Details
    • $149,999
      3,078 SF

      CUMBERLAND Duplex with Recent Renovations

      Well-maintained duplex unit with renovations, ideal for families.
      223 GRAND Avenue, CUMBERLAND, MD 21502
      View Details
    • $149,999
      3,078 SF

      CUMBERLAND Duplex with Recent Updates

      Well-maintained duplex unit with updated flooring, 3 bedrooms, 1.5 baths.
      221 GRAND Avenue, CUMBERLAND, MD 21502
      View Details
    • $200,000
      2,828 SF

      Well-Maintained Duplex in Cumberland, MD

      Two-unit brick home with practical floor plans and recent updates.
      613 LOUISIANA Avenue, CUMBERLAND, MD 21502
      View Details
    • $285,000

      Retail/Deli Opportunity in Cumberland, MD

      Established deli business and property for sale in Cumberland.
      2 DECATUR ST, CUMBERLAND, MD 21502
      View Details

    FAQs

    What type of property is this?
    Apartment building - Income-producing multifamily property near downtown Cumberland amenities.
    Where is this apartment building located?
    The property is located at 341 Frederick St Cumberland, MD.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: Income‑producing five‑unit multi‑family property; Simplified management with landlord covering water, sewer, and trash; Convenient location near downtown amenities, shopping, and major travel routes
    (301) 346-3664
    We can help!
    Listing Contact
    Taylor Bowen
    Taylor Bowen
    Real Estate License ID: PA ABR005534
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!