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    8 HILL St Frostburg, MD 21532

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    For Sale
    $265,000

    Six-unit property with cash flow and upside potential near university.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 24 at 8:15 pm

    Property Features for 8 HILL St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1935

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    Listing Contact
    Benjamin J Garner

    Listing agent Benjamin J Garner

    Listing office Cummings & Co. Realtors

    Listing date Apr 24, 2026

    Source Elliman

    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 Cummings & Co. Realtors


    Overview

    Multifamily Investment Property in Frostburg

    This six-unit multifamily property presents an investment opportunity with immediate cash flow and potential for increased value. Each unit features two bedrooms and one bathroom. Currently, five of the six units are occupied. The existing month-to-month leases offer flexibility for a new owner to adjust rental rates or undertake renovations as units become available. The current rental rates are below market value, suggesting the potential to achieve a double-digit capitalization rate through moderate rent increases that align with prevailing market conditions. The property is situated in Frostburg, which is home to Frostburg State University, contributing to consistent rental demand in the area. This property is suited for investors looking for a multifamily asset with stable occupancy and opportunities for growth. Showings are available by appointment only, and tenants should not be disturbed.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frostburg
    County
    Allegany
    State
    Maryland
    Longitude
    -78.9247431
    Latitude
    39.6518618

    FAQs

    What type of property is this?
    Apartment building - Six-unit property with cash flow and upside potential near university.
    Where is this apartment building located?
    The property is located at 8 HILL St Frostburg, MD.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Immediate cash flow from a 6‑unit multifamily property with 5 units occupied.; Significant upside potential to achieve a double‑digit cap rate through modest rent increases.; Month‑to‑month leases provide flexibility to reposition rents or renovate units.
    More about this property
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