Converted 5-Unit Multifamily
For Sale
$215,000
807 BEDFORD Street, Cumberland, MD 21502
MULTI_FAMILY - CUMBERLAND, MD
Property Size2,395 SF
Lot Size0.06 Acres
Price / SF$89.77
Days on Market93
Property Features for 807 BEDFORD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
4
Parking features
On Street, Off Street
Elementary school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Middle school district
ALLEGANY COUNTY PUBLIC SCHOOLS
High school district
ALLEGANY COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
2,395 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1872
Utilities
Heating system
Baseboard, Electric (Heating), Other (Heating)
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Listing Agency:
Perry Wellington Realty, LLC
(240) 979-4660
Listed By:
Deborah K Grimm · License #71388
(301) 697-4405
Added: May 1
Changed: Jul 16
Last Checked: Aug 1 at 12:06PM
MLS# MDAL2014506
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a multifamily building that was converted from a duplex into a 5-unit configuration. It is currently fully rented, and financial information is available upon request.
The building is located at 807 Bedford Street in Cumberland, Maryland, in Allegany County.
With a compact lot size listed at 0.0634 acres and a property size of 2,395 square feet, this is a smaller-scale rental opportunity presented for sale.
The building is located at 807 Bedford Street in Cumberland, Maryland, in Allegany County.
With a compact lot size listed at 0.0634 acres and a property size of 2,395 square feet, this is a smaller-scale rental opportunity presented for sale.
Key Highlights
- Brick building originally built in 1920
- Converted duplex now operated as a 5‑unit building
- Property is currently fully rented
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $12.00 |
| − Vacancy | −$1.4k | −$0.60 |
| EGI | $27.3k | $11.40 |
| − OpEx | −$12.3k | −$5.13 |
| NOI | $15.0k | $6.27 |
2,395 SF · lease $12.00/SF/yr · vacancy 5.00% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,494
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 5-unit multifamily building converted from a duplex and currently fully rented.
Where is this apartment building located?
The property is located at 807 BEDFORD Street 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: Brick building originally built in 1920; Converted duplex now operated as a 5‑unit building; Property is currently fully rented
