Frostburg, MD Multifamily Properties for Sale

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Eckhart Mines, MD Mount Savage, MD Lavale, MD Midland, MD Cresaptown, MD Lonaconing, MD Hyndman, PA Rawlings, MD

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Updated: Apr 1

Frostburg Duplex with Updates

147 W MECHANIC Street, Frostburg, MD 21532

$145,000

1,812 sqft 0.09 AC lot

Duplex with strong rental history, ideal for investment.
Includes a second paved parcel for off‑street parking.
New roof installed in 2021.
Unit #2 features new kitchen cabinets and granite countertops.
Separately metered units (over/under) for easy tenant billing.

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This listing looks promising.

Here's a quick look at some key insights for

147 W MECHANIC Street, FROSTBURG, MD 21532

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Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$12K
Annual
Price @ 7% Cap

$175K
Above asking
Property Type

Single Family Residence
Built 1920

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Updated: Feb 23

Updated Duplex with Rental History

24 HILL Street, Frostburg, MD 21532

$159,000

1,502 sqft 0.16 AC lot

Up‑and‑down duplex with 2 bedrooms and 1 full bathroom per unit
Each unit includes a living room and kitchen
Fully rented duplex with excellent rental history
Stick‑built construction with electric heat and baseboard heating
On‑street parking

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Income-Producing Duplex with Rental Potential

268 E MAIN Street, Frostburg, MD 21532

$139,000

1,600 sqft 0.20 AC lot

Duplex with two units, steady rental income, convenient location.

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Retail Storefront with Upstairs Apartments

39 S Broadway Street, Frostburg, MD 21532

$260,000

4,080 sqft

Street-level storefront paired with two one-bedroom apartments above, offering flexible income space in Frostburg.

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Student Housing Portfolio

70 E College Avenue, Frostburg, MD 21532

$2,500,000

74,309 sqft

Auction sale of a 43-property, 59-unit student housing portfolio with existing leases for the 2026–2027 academic year.

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Mixed-Use Storefront with Apartments

39 S Broadway, Frostburg, MD 21532

$260,000

Ground-floor commercial storefront space is paired with two one-bedroom apartments upstairs.

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Student Housing Portfolio

114 Bowery Street, Frostburg, MD 21532

$2,500,000

Turn-key 59-unit student housing portfolio with pre-leased revenue serving Frostburg State University.

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Frostburg Apartment Complex Investment Opportunity

27 FIRST St, Frostburg, MD 21532

$475,000

Seven-unit apartment complex near downtown Frostburg and Frostburg State University.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 8 Active listings in Frostburg, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Triplex with Basement Garages

411 WASHINGTON Street, Cumberland, MD 21502

$510,000

6,271 sqft 0.26 AC lot

Late-1800s triplex with three apartments, separate electric meters, and two one-car garages in the basement.

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Midland Duplex: Investment Opportunity

14818 BROADWAY Avenue SW, Midland, MD 21532

$130,000

2,100 sqft 0.10 AC lot

Duplex with income potential in Midland, Maryland.

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Duplex Investment with Two 2-Bed Units

17 PARK, Lonaconing, MD 21539

$135,000

2,625 sqft 0.14 AC lot

Duplex with two 2-bedroom units on a level lot with on-street parking.

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Colonial Duplex Investment

516 SHRIVER Avenue, Cumberland, MD 21502

$40,000

3,136 sqft 0.09 AC lot

Large duplex property with 3,136 SF total building area on a 0.0918-acre lot, offered for sale in Cumberland, MD.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Ready for Development

1 Smithfield Dr, Smithfield, PA 15478

$275,000

8.00 AC lot

8-acre land parcel zoned for mobile home park.

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Morgantown Land For Development

595 Wades Run and Bowlby Road, Morgantown, WV 26501

$2,726,800

68.17 AC lot

68+/- acre parcel suitable for residential or industrial development.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Land with Existing Septic and Well

18531 Blackberry dr, Three Springs, PA 17264

$38,900

1.78 AC lot

Nearly two acres in Three Springs with an in-place septic and well, plus an opportunity to fix or replace the existing mobile home.

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Off-Market Properties in Frostburg, MD

Consider similar Off-Market properties in Frostburg, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

97 Broadway, Frostburg, MD 21532

Value Estimation by Request

1,792 sqft 0.14 AC lot

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Frostburg, MD Multifamily Properties Market Trends and Statistics

Explore 9 multifamily properties for sale in Frostburg, MD, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 83,303 square feet of properties for sale, with an estimated market value of $3,203,000.

Sale prices for multifamily properties in Frostburg, MD start at $139,000, averaging $640,600, and reaching up to $2,500,000 — 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 13K

Population Growth (5Y) -12.9%

Median Household Income $60,158

College Educated 49.5%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
21532	$581.1K

Taxes & Financing

Tax Rate (average for all types) 1.02%

Property Tax per SF $17.56 per SF

Tax Rate vs County Average 0.03 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Allegany County

New Delisted

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