5-Unit Apartment
For Sale
$215,000
807 BEDFORD ST, Cumberland, MD 21502
Five-unit apartment property with all units currently rented.
Property Size2,395 SF
Price / SF$89.77
Days on Market95
Property Features for 807 BEDFORD ST
General Information
Standard status
Active
Size
2,395 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
5
Listing Agency:
Perry Wellington Realty, LLC
(240) 979-4660
Listed By:
Deborah K Grimm · License #71388
(301) 697-4405
Source:
360
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 16 at 8:40AM
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 Perry Wellington Realty, LLC
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Investment Insights
Based on property information with market context.
This apartment property contains five units within a building that was converted from a duplex. The units are currently fully rented, providing an established occupancy profile for the property.
Located at 807 Bedford St in Cumberland, Maryland, the asset is offered as an apartment building for sale. Financial information is available upon request.
Located at 807 Bedford St in Cumberland, Maryland, the asset is offered as an apartment building for sale. Financial information is available upon request.
Key Highlights
- Five apartment units in a converted duplex configuration
- All units are currently rented
- 807 Bedford St, Cumberland, MD 21502
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,017
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,340
$300.3K
Cap Rate 7%
$214,529
$214.5K
Cap Rate 9%
$166,856
$166.9K
Market Conditions
NOI Build-Up for 2,395 SF
Gross rent
$28.7K $12.00/SF
− Vacancy
−$1.4K −$0.60/SF
EGI
$27.3K $11.40/SF
− OpEx
−$12.3K −$5.13/SF
NOI
$15.0K $6.27/SF
Area
Allegany County, MD
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,340
Cap Rate 7%
$214,529
Cap Rate 9%
$166,856
Alternative Uses
Best Use
Apartment 5plus
$214.5K
$187.7K – $250.3K
NOI $15,017 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.2K
$777.2K – $1.04M
NOI $62,173 @ 7.0% cap · market cap 28.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment property with all units currently rented.
Where is this apartment building located?
The property is located at 807 BEDFORD ST Cumberland, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Five apartment units in a converted duplex configuration; All units are currently rented; 807 Bedford St, Cumberland, MD 21502
