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5-Unit Apartment Building
For Sale
$200,000

511 SHRIVER Ave, Cumberland, MD 21502

Four one-bedroom units accompany a garage apartment positioned above a large garage.

Property Size3,544 SF
Days on Market116

Property Features for 511 SHRIVER Ave

General Information

Standard status Active
Size 3,544 SF
Property subtype Investment

Units

Unit Mix 4 x 1BR, 1 x garage apartment
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $2,579

Building Details

Building Size 3,544 SF
Year Built 1915
Units 4
Listing Agency: Perry Wellington Realty, LLC
Listed By: Deborah K Grimm · License #71388
Source: Elliman
Added: May 8 Changed: Aug 30 Last Checked: Aug 30 at 4:30PM

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 Perry Wellington Realty, LLC

Investment Insights

Based on property information with market context.

Built in 1915, this 3544-square-foot apartment building contains five units. Four are configured as one-bedroom apartments, while the other residence is a garage apartment above a large garage. The property carries RES zoning and has sidewalks and street lights; no pool is present.

The building sits within Cumberland city limits at 511 Shriver Avenue, Cumberland, MD 21502. It is associated with Allegany County Public Schools, including Allegany High School and Braddock Middle or Junior School. P&L statements are available, and prospective visitors must provide a pre-qualification letter before showings. The listing identifies Allegany County as the property's county in Maryland.

Key Highlights

  • Five‑unit apartment building with four one‑bedroom apartments
  • Garage apartment positioned above a large garage
  • 3544 square feet of building area

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

436
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?
Apartment building - Four one-bedroom units accompany a garage apartment positioned above a large garage.
Where is this apartment building located?
The property is located at 511 SHRIVER Ave Cumberland, MD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Five‑unit apartment building with four one‑bedroom apartments; Garage apartment positioned above a large garage; 3544 square feet of building area
More about this property
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