70 E College Avenue, Frostburg, MD 21532

Building Details

Year Built

1935

Listing agent Tranzon Key Show Phone

Listing office j***@tranzon.com Show Phone

Listing date Jun 8, 2026

Source Xome

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Overview

The offering is a student housing portfolio consisting of 43 properties totaling 59 units. The remarks describe the portfolio as stabilized and turn-key. The portfolio is presented for auction, with online bidding ending June 25 at noon, and an opening bid structure where the eventual price is determined at auction.

The properties are located in Frostburg, Maryland, at 70 E College Avenue. The portfolio is described as serving Frostburg State University with a built-in tenant pipeline. The remarks also state that pre-leased revenue is secured, with numerous student leases already signed and executed for the upcoming 2026–2027 academic year.

For underwriting, the provided materials cite $448,850 in gross income generated for the 2025 calendar year. The remarks further state an appraisal of $4,564,800 in 2022 and current algorithmic valuations tracking at $5,863,600. For buyers seeking a university-oriented multifamily portfolio with existing unit-level lease commitments for a future academic term, this package is positioned to support immediate revenue considerations based on the stated figures and signed leases.

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Location Insight

• Map
• Local Demand

City

Frostburg

County

Allegany

State

Maryland

Longitude

-78.9287353

Latitude

39.652448

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FAQs

What type of property is this?

Apartment building - Auction sale of a 43-property, 59-unit student housing portfolio with existing leases for the 2026–2027 academic year.

Where is this apartment building located?

The property is located at 70 E College Avenue Frostburg, MD.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 43‑property, 59‑unit student housing portfolio in Frostburg, MD, offered via auction (online bidding ends June 25 at noon).; 2025 calendar‑year gross income reported at $448,850 for the portfolio.; Portfolio appraised at $4,564,800 in 2022; current algorithmic valuations reportedly track at $5,863,600.