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Property profile & analytics
OFF-MARKET
Apartment buildings

708 Fayette St Cumberland, MD 21502

2,178 SF 0.27 ac lot Built 1909
Entity Owned 1-yr Hold
Property ID
US40-1352231
Property summary
AI-generated overview

This exceptional investment opportunity presents a two-unit apartment building located at 708 Fayette St, Cumberland, Maryland, 21502. The property, built in 1909, offers a total of 2,178 square feet of living space, currently vacant, and sits on a 0.27-acre lot. The asking price is $190,000, translating to a price per square foot of $87.24. The property is zoned for residential use and features a fee simple ownership structure. Its convenient Westside Cumberland location offers a peaceful setting, backing onto wooded areas. The property's established leasing history suggests strong rental potential. The Allegany County location, with APN 0106026397, provides a stable investment environment. This multifamily property presents a compelling opportunity for investors seeking a well-situated, established rental property in a desirable Maryland location. The property's size and location make it an ideal investment for both seasoned and new investors looking to expand their portfolio. The current vacancy provides immediate opportunity to set rental rates and establish a strong cash flow. This is a rare opportunity to acquire a well-maintained property in a growing area.

Property profile
Verified
Property type Apartment buildings
Year built 1909
Total area 2,178 SF
Lot 0.27 ac (11,761 SF)
UPID US40-1352231
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Clar Skies Holdings LLC · 1 yrs held
Clar Skies Holdings LLC
since 2025
2 recorded transactions
2025
$105,000
2021
$1.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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