Maryland
Cumberland
301 BALTIMORE AVE

$350,000

301 BALTIMORE AVE, Cumberland, MD 21502

Multi-Family Home
Built in 1920
2,614sqft lot
—— car garage
$——/sqft
Listed 3 days ago

Property Description

Excellent investment opportunity in the heart of Cumberland, Maryland. This well maintained four-unit apartment building with a ground level commercial space is in excellent condition, mostly rented and priced to sell. The versatile commercial space on the ground floor offers additional income potential- ideal for office, retail or storage. Located close to downtown amenities, shops and restaurants, this is a fantastic investment opportunity. Each unit has separate electric and water. Unit 1: 1 bedroom/1 full bath -rented at $875/month. Features hardwood floors, in unit laundry and a new hot water heater. Unit 2: 2 bedroom/2 bath - rented at $775/month - One of the bedrooms is being updated and will have new flooring Unit 3: 2 bedroom/2 bath -currently vacant. Offers in unit laundry, hardwood floors, an open kitchen with island and fantastic city and mountain views. (Formally rented for $950/month) Unit 4: 1 bedroom/1 bath - rented at $850/month. Features new hot water tank, new carpet, new floors, fresh paint and new kitchen countertops. This unit has central air. The bottom unit has street front windows perfect for office space. The basement has been waterproofed in 2024 and a new sump pump was installed. With strong rental income, minimal maintenance, and multiple income streams, this property offers immediate cash flow and long-term growth potential. A solid addition to any investment portfolio in a revitalizing downtown area.

Listing Status:: Active
Listing Office:: Charis Realty Group : 2408015011
Listing Agent:: Jennifer Jackson : 3013678300
MLS ID:: MDAL2013112

Flooring: Hardwood
A/C: Central A/C
Heating: Forced AirNatural Gas
Disability Feature: None

Roofing: Other
General: Stucco

Originating MLS: BRIGHT_MAIN
School District: ALLEGANY COUNTY PUBLIC SCHOOLS
County: ALLEGANY-MD

Zoning: R-O0122009443
View: CityMountain

Utilities: 200 amp service
Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Jennifer Jackson, Charis Realty Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

West Side Elementary School

425 Paca St, Cumberland, MD, 21502

Grades PK-5

0.89 miles away

Braddock Middle School

909 Holland St, Cumberland, MD, 21502

Grades 6-8

1.12 miles away

Allegany High School

900 Seton Dr, Cumberland, MD, 21502

Grades 9-12

2.06 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.