301 Baltimore Ave, Cumberland, MD 21502
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
301 Baltimore Ave,Cumberland, MD 21502
$320,000
- 6 Beds
- - Baths
- 4,712 sq. ft.
- Multi-family
- Active
Listed by: jennifer jackson
Office: charis realty group
MLS#:MDAL2015110
Source:BRIGHTMLS
Price summary
- Price:$320,000
- Price per sq. ft.:$67.91
About this home
An exceptional mixed-use investment opportunity in the heart of Cumberland. This well-maintained four-unit apartment building with a street-level commercial space offers strong in-place income, upside potential, and long-term stability—all in a convenient downtown location near shops, dining, and everyday amenities.
The property is largely occupied and thoughtfully updated, making it a turnkey addition to any portfolio. The ground-floor commercial space features prominent street-facing windows, ideal for office, retail, or storage use, creating an additional revenue stream and flexibility for future tenants or owner use.
Each residential unit is separately metered for electric and water, helping minimize owner expenses and simplify management.
Unit Breakdown:
- Unit 1: 1BR/1BA — Rented at $901/month. Features hardwood floors, in-unit laundry, and a new hot water heater.
- Unit 2: 2BR/2BA — Rented at $822/month. Currently undergoing improvements, including new flooring in one bedroom.
- Unit 3: 2BR/2BA — rented at $950/month. Offers hardwood floors, in-unit laundry, an open kitchen with island, and stunning city and mountain views—prime for immediate lease-up at market rate.
- Unit 4: 1BR/1BA — Rented at $900/month. Recently updated with new carpet and flooring, fresh paint, new countertops, and a new hot water tank. Includes central air.
Additional improvements include a fully waterproofed basement (2024) with a new sump pump, providing peace of mind and reduced maintenance concerns.
With multiple income streams, solid rental history, and value-add potential through lease optimization and commercial use, this property delivers both immediate cash flow and long-term appreciation in a steadily revitalizing downtown market....
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Home facts
- Year built:1920
- Listing ID #:MDAL2015110
- Added:100 day(s) ago
- Updated:September 28, 2026 at 01:56 PM
Rooms and interior
- Bedrooms:6
- Flooring:Hardwood
- Living area:4,712 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1920
- Building area:4,712 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Downtown
- Construction Materials:Stucco
- Foundation Description:Block
Schools
- High school:ALLEGANY
- Elementary school:WEST SIDE
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$320,000
- Price per sq. ft.:$67.91
- Tax amount:$3,307 (2024)
Features and amenities
- Amenities:200+ Amp Service
Parking
- Parking description:On Street
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