Cumberland Duplex with Long-Term
512 Sheridan Place, Cumberland, MD 21502
Two-unit property in Cumberland with reliable rental income.
Type:Multi-Family / Fee Simple
Property size:
1,056 SFPrice / SF:
$96/SF- Added:
- Jun 22, 2025
- Days on Market:
- 346
- Last Refresh:
- Mar 13 at 6:28 pm
Property Features for 512 Sheridan Place
General Information
- Standard status
- Active
- Size
- 1,056 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agent Michael Louis Allen License #5012477 (301) 697-9458
Listing office Gates Realty (301) 697-9458
Listing date Jun 22, 2025
Source Compass
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 Gates Realty
HighLights
- Two income‑generating units with long‑term tenants already in place.
- HUD approved units.
- Fenced‑in yard.
- Downstairs unit includes a sunporch and basement.
- Front covered porch.
- Appliances included: Refrigerator, Electric Oven/Range, Range Hood, and Washer/Dryer Hookups.
Overview
This property features two units. The downstairs apartment includes one bedroom, one bathroom, a sunporch, and a basement, and is currently occupied by a long-term tenant with a monthly rent of $650. The upstairs unit has two bedrooms and one bathroom, also occupied by a long-term tenant, generating $575 per month. The property includes a fenced yard and a covered front porch. Both units are HUD approved. Located in the city limits within Allegany County, the property is situated in the S Cumberland - Allegany County MLS area. School-aged residents are districted for Allegany County Public Schools, specifically Fort Hill High School and Washington Middle School.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.8k | $10.20 |
| − Vacancy | −$560 | −$0.53 |
| EGI | $10.2k | $9.67 |
| − OpEx | −$3.1k | −$2.90 |
| NOI | $7.1k | $6.77 |
1,056 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$102.1K
$89.4K – $119.1K
NOI $7,148 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$94.6K
$82.8K – $110.4K
NOI $6,621 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$391.6K
$342.7K – $456.9K
NOI $27,413 @ 7.0% cap · market cap 26.90%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Allegany
- State
- Maryland
- Longitude
- -78.754851
- Latitude
- 39.6444199
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property in Cumberland with reliable rental income.
Where is this duplex located?
The property is located at 512 Sheridan Place Cumberland, MD.
What is the asking price?
The asking price for this property is $101,900.
What are key features of this property?
This property features: Two income‑generating units with long‑term tenants already in place.; HUD approved units.; Fenced‑in yard.
