Cumberland, MD Multifamily Properties for Sale

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35 properties

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Updated: Jul 9

Historic Triplex with Basement Garages

411 WASHINGTON Street, Cumberland, MD 21502

$510,000

6,271 sqft 0.26 AC lot

Brick Victorian multi‑family home with separate electric meters for each unit
Main‑level unit: formal living and dining rooms, 2 bedrooms, 2 bathrooms, spacious kitchen, family room access to basement
Second‑floor unit: oversized 2‑bedroom, 2‑bath layout with potential to convert back to two 1‑bedroom apartments
Third‑floor unit: 1 bedroom and 1 bathroom
Electric baseboard heat; heating system includes electric (heating) and baseboard

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Updated: Aug 6

Remodeled Side-by-Side Duplex

505 B Street, Lavale, MD 21502

$370,000

1,868 sqft 0.38 AC lot

Side‑by‑side duplex with 1,868 square feet on 0.3804 acres
Unit mix includes 3 bedrooms/1 full bath and 2 bedrooms/1.5 baths
Updates include roofing, siding, flooring, paint, kitchens, and bathrooms
Granite countertops and stainless steel appliances
Currently rented; tenants pay utilities

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Brick Duplex with Two Units

227 WALLACE Street, Cumberland, MD 21502

$155,000

2,058 sqft 0.06 AC lot

Separately metered utilities, original woodwork, porches, and flexible occupancy enhance this Cumberland property.

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See what stands out in Allegany County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Historic Triplex with Garages

411 WASHINGTON ST, Cumberland, MD 21502

$510,000

6,271 sqft

Late-1800s multifamily property with three apartments, separate electric meters, and additional basement space.

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Vacant Duplex with Two Units

920 BEDFORD Street, Cumberland, MD 21502

$135,000

1,778 sqft 0.72 AC lot

The property supports flexible owner-occupant or rental use, with both units available for the next owner’s plans.

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Five-Unit Brick Apartment Building

807 BEDFORD Street, Cumberland, MD 21502

$215,000

2,395 sqft 0.06 AC lot

Brick multifamily property with five units and both on-street and off-street parking.

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Historic Brick Triplex

124 BEDFORD Street, Cumberland, MD 21502

$104,000

2,340 sqft 0.04 AC lot

Three apartments occupy separate floors, with a basement offering additional storage and potential laundry or workshop space.

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11-Unit Apartment Building with Laundry

2 Altamont Terrace, Cumberland, MD 21502

$649,000

7,997 sqft

Professionally managed multifamily property with window air conditioning, varied finishes, and on-street parking.

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Colonial Duplex Requiring Renovation

516 SHRIVER Avenue, Cumberland, MD 21502

$40,000

3,136 sqft 0.09 AC lot

Frame construction includes a basement and on-street parking in Cumberland.

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Frame Duplex with Forced-Air Heat

704 BAKER Street, Cumberland, MD 21502

$70,000

2,856 sqft 0.20 AC lot

Two-unit residential property with frame construction, forced-air heating, and on-street parking.

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Four-Unit Mixed-Use Property

301 Baltimore Ave, Cumberland, MD 21502

$320,000

4,712 sqft

Combines four apartments with a street-level commercial area featuring prominent windows and flexible office, retail, or storage use.

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Three-Bedroom Duplex

530/532 WOODSIDE Avenue, Cumberland, MD 21502

$57,000

2,080 sqft 0.05 AC lot

Each unit includes three bedrooms, separate gas metering, and forced-air heating.

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Brick Duplex with Original Woodwork

227 Wallace St, Cumberland, MD 21502

$155,000

2,058 sqft

Two-unit property with separate utility meters, porches, central air, and a full unfinished basement.

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Brick Duplex with Separate Meters

201 SPRING STREET, Cumberland, MD 21502

$190,000

3,316 sqft

Three-level income property with one leased unit, one vacancy, and a fenced rear yard.

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Nine-Unit Multifamily Investment Opportunity

315 FREDERICK, Cumberland, MD 21502

$299,000

4,500 sqft 0.08 AC lot

Nine-unit property with commercial space in Cumberland, Maryland.

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Updated Two-Unit Duplex

135 POLK STREET, Cumberland, MD 21502

$150,000

2,268 sqft

Two residential units offer matching bedroom, bath, living, and kitchen layouts, with shared laundry on the main level.

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Remodeled Duplex

616 ELM STREET, Cumberland, MD 21502

$110,000

1,672 sqft

Up-and-down layout with two one-bedroom units, each offering a kitchen, full bath, and laundry hookups.

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Remodeled Side-by-Side Duplex

505 B STREET, Lavale, MD 21502

$370,000

1,868 sqft

Income-producing duplex with updated interiors, separate unit layouts, and tenant-paid utilities.

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Five-Unit Multifamily Investment Property

229 E UNION ST, Cumberland, MD 21502

$249,000

3,680 sqft 0.08 AC lot

Five income-producing units in established residential neighborhood near downtown.

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15-Unit Multifamily Property

13900 Baltimore Pike Ne, Cumberland, MD 21502

$300,000

6,557 sqft

Multifamily asset with varied unit configurations, a three-bedroom home, and on-site tenant parking.

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5-Unit Apartment Building

807 BEDFORD ST, Cumberland, MD 21502

$215,000

2,395 sqft

Five-unit apartment property with all units currently rented.

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Historic Downtown Cumberland Multifamily Opportunity

124 BEDFORD St, Cumberland, MD 21502

$104,000

3,000 sqft 0.04 AC lot

Rare multifamily/commercial property in historic downtown Cumberland.

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Duplex Needing Full Renovation

516 SHRIVER AVENUE, Cumberland, MD 21502

$40,000

3,136 sqft

Large duplex property requires complete renovation and is suitable for an investor with a rebuild plan.

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One-Bedroom Quadplex

703 Baker Street, Cumberland, MD 21502

$109,999

1,898 sqft

Four residential units offer a consistent one-bedroom, one-bath configuration within Cumberland city limits.

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Cumberland, MD Multifamily Properties Market Trends and Statistics

Explore 47 multifamily properties for sale in Cumberland, MD, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 84,062 square feet of properties for sale, with an estimated market value of $6,283,699.

Sale prices for multifamily properties in Cumberland, MD start at $40,000, averaging $202,699, and reaching up to $649,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 42K

Population Growth (5Y) -1.8%

Median Household Income $58,721

College Educated 5.7%

High-Yield Neighborhoods for Investment

Identify Cumberland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
21502	$182.1K

Taxes & Financing

Tax Rate (average for all types) 1.01%

Property Tax per SF $12.85 per SF

Tax Rate vs County Average 0.02 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Allegany County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Allegany County

Residential Income

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