Student Housing
For Sale
$2,500,000
70 E College Avenue, Frostburg, MD 21532
Auction sale of a 43-property, 59-unit student housing portfolio with existing leases for the 2026–2027 academic year.
Property Size74,309 SF
Price / SF$33.64
Days on Market73
Property Features for 70 E College Avenue
General Information
Standard status
Active
Size
74,309 SF
Property subtype
Multi-Family
Building Details
Year Built
1935
Listing Agency:
(888) 621-2110
Listed By:
Tranzon Key
(888) 621-2110
Source:
Xome
Added: May 20
Changed: Jul 10
Last Checked: Jul 30 at 6:50PM
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 Tranzon Key
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 21532, MD
13,328
Population
6,044
Households
2.2
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
74.1 sq mi
ZIP Area
180
Density / Sq Mi
$60,158
Median Household Income
$33,054
Median Earnings
$839
Median Rent
$175,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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.
