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9-Unit Apartment Building
New
For Sale
$299,000

513 National, Lavale, MD 21502

Apartment property outside city limits with convenient access to I-68 eastbound and westbound.

Property Size5,600 SF
Price / SF$53.39
Days on Market3

Property Features for 513 National

General Information

Standard status Active
Size 5,600 SF

Additional Details

Highway Access Yes
Multifamily Units 9

Building Details

Year Built 1915
Listing Agency: Coldwell Banker Premier
Listed By: Amanda R Floyd · License #MD5007117
Source: Southjerseyshorehomesfinder
Added: Sep 11 Last Checked: Sep 12 at 12:38PM

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 Coldwell Banker Premier

Investment Insights

Based on property information with market context.

This apartment property contains 9 units within a 5,600-square-foot building constructed in 1915. The property includes parking and is currently operating as an apartment complex.

Located in Lavale at 513 National, the property sits outside city limits with access to I-68 in both directions. The setting provides proximity to amenities along the westbound route and Downtown Historic Cumberland to the east. The building has also previously housed a restaurant and an oil company, adding to its established commercial history.

Key Highlights

  • 9‑unit apartment complex
  • 5,600‑square‑foot building constructed in 1915
  • Parking included on the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Storage Facility Tech Support Center

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

9
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,278
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 - Apartment property outside city limits with convenient access to I-68 eastbound and westbound.
Where is this apartment building located?
The property is located at 513 National Lavale, 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: 9‑unit apartment complex; 5,600‑square‑foot building constructed in 1915; Parking included on the property
More about this property
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