Individually Owned 
For Sale
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Property summary
This well-maintained, five-unit apartment building is located in the heart of downtown Cumberland, Maryland, just two blocks from restaurants and attractions. Boasting 5,160 square feet, this fee-simple property offers a compelling investment opportunity at $299,900 ($58.12/sq ft and $59,980/unit). The solid brick construction ensures durability, while recent upgrades include a complete overhaul of the building's electrical systems. The city has also invested in infrastructure improvements, updating all water and gas lines. Each of the five units is currently rented, providing immediate cash flow. Further income potential exists through a basement laundry facility equipped with two coin-operated washers and dryers, and a rentable garage for additional storage. Enjoy stunning views of the Allegany Mountains, and benefit from the property's proximity to Amtrak and Western Maryland Railroad stops, as well as the C&O Canal. This property presents a rare chance to acquire a profitable, well-situated multifamily investment in a vibrant downtown location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Cumberland market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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