Frostburg, MD Residential Income Properties for Sale

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Eckhart Mines, MD Mount Savage, MD Lavale, MD

10 properties

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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: May 23

Historic Residence with Commercial Addition

58 FROST AVE, Frostburg, MD 21532

$875,000

5,700 sqft · 2.10 AC lot

Large historic residence built in 1848, offering 5,700 sq ft +/-.
Features a massive 8,000 sq ft +/- modern commercial‑grade addition (steel and masonry).
Potential for up to 6 B&B rooms (zoning approval required).
Opportunity for home occupation, additional garages, or conversion for additional units (with BZA approval).
Plans to divide another building lot off of the rear corner.

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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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Updated Duplex with Rental History

24 HILL Street, Frostburg, MD 21532

$159,000

1,502 sqft · 0.16 AC lot

Two-unit duplex in Frostburg, MD, fully rented and updated.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

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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Retail Building with Upstairs Apartment

26 W MAIN Street, Frostburg, MD 21532

$129,999

0.02 AC lot

Mixed-use retail space with a one-bedroom apartment upstairs offers convenient live-and-work flexibility in Frostburg.

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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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Downtown Frostburg Mixed-Use Building

8 S BROADWAY, Frostburg, MD 21532

$315,000

Mixed-use building with commercial space and residential apartment in Frostburg.

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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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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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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 10 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.

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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Mixed-Use Property in Historic District

303 WASHINGTON St, Cumberland, MD 21502

$225,000

0.13 AC lot

Versatile property in Cumberland's historic district with multiple potential uses.

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Mixed-Use Property on National Highway

1068 NATIONAL HIGHWAY, Cumberland, MD 21502

$600,000

3,219 sqft · 0.91 AC lot

Mixed-use property with commercial and residential spaces on high-traffic highway.

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Mixed-Use Property on National Highway

Lavale, MD 21502

$600,000

13,072 sqft · 0.30 AC lot

Mixed-use property with high visibility and traffic.

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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.

Spacious Lot in Cresaptown, MD

WINCHESTER RD, Cresaptown, MD 21502

$49,500

3.02 AC lot

3+ acre lot ready for your dream home.

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Cresaptown Vacant Land Opportunity

TRACT 2: 1.54+/- ACRES-AT 14609 ETHRIDGE Street, Cresaptown, MD 21502

Contact for pricing

1.54 AC lot

1.54+/- acre vacant lot, build your dream home!

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Land Parcel Near Lavale, MD

0 SUNSET DRIVE EXTENDED #2, Lavale, MD 21502

$445,000

4.50 AC lot

Development opportunity near Lavale and Cumberland, offering privacy and convenience.

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Residential Lot in Cumberland, MD

OAKWOOD Street lot: 349-351, Cumberland, MD 21502

$30,000

0.27 AC lot

0.27-acre lot ideal for residential construction near I-68.

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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 Residential Income Properties Market Trends and Statistics

Explore 11 residential income properties for sale in Frostburg, MD, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 89,003 square feet of properties for sale, with an estimated market value of $4,078,000.

Sale prices for residential income properties in Frostburg, MD start at $139,000, averaging $679,666, 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	$538.7K

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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