301 Baltimore Ave,CUMBERLAND, MD 21502
CUMBERLAND, MD 21502
Description
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 stabilityall 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 viewsprime 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.
Details
| MLS # | MDAL2015110 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 82 |
| Listing Provided By | Charis Realty Group | Jennifer Jackson |
Features
| SQ Feet | 4,712 |
|---|---|
| Story(s) | 3 |
| Units | 4 |
| Zoning | R-O |
| Acreage | 0.06 |
| Property View | City, Mountain |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Roof | Other |
|---|---|
| Construction Materials | Stucco |
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 3307 |
|---|
Area Information
| State | MD |
|---|---|
| County | ALLEGANY MD |
| City | CUMBERLAND |
| Zip Code | 21502 |
| Area | S Cumberland Allegany County (MDAL2) |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
| Elementary School | WEST SIDE |
| High School | ALLEGANY |
| Listing VS Median (in 21502) | |
Price: $320,000 low | high Med: $179,000 sqft: 4,712 low | high Med: 1,632 $ / sqft: $68 low | high Med: $110 On site: 82 low | high Med: 15 | |
Market Activity 21502
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Learn More About This Property
| State | MD |
|---|---|
| County | ALLEGANY MD |
| City | CUMBERLAND |
| Zip Code | 21502 |
| Area | S Cumberland Allegany County (MDAL2) |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
| Elementary School | WEST SIDE |
| High School | ALLEGANY |
| Listing VS Median (in 21502) | |
Price: $320,000 low | high Med: $179,000 sqft: 4,712 low | high Med: 1,632 $ / sqft: $68 low | high Med: $110 On site: 82 low | high Med: 15 | |
