97 Broadway, Frostburg, MD 21532
This exceptional investment opportunity presents a charming two-unit multifamily property located at 97 S Broadway in Frostburg, Maryland, 21532. Built in 1920, this property boasts a total of 1,792 square feet situated on a 0.14-acre lot. The asking price is $155,000, translating to a price per square foot of $86.50. The property features four bedrooms and three full bathrooms, spread across two units. Each unit benefits from separate electric meters, ensuring efficient utility management. Adding to its appeal is a spacious front porch and five parking spaces. The property is currently rented, providing immediate cash flow. Water is a shared expense, with the owner currently paying approximately $300 per quarter. All appliances are included in the sale. Its prime location offers close proximity to Frostburg State University and the vibrant downtown Frostburg area, ensuring high occupancy rates and strong rental demand. The property is zoned RO. The Allegany County Assessor's Parcel Number (APN) is 0126005205. A 24-hour notice is required for all showings. This is a turnkey investment ready for a new owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.