301 BALTIMORE AVE, Cumberland, MD 21502
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301 BALTIMORE AVE, Cumberland, MD 21502
301 BALTIMORE AVE, Cumberland, MD 21502
301 BALTIMORE AVE, Cumberland, MD 21502
301 BALTIMORE AVE, Cumberland, MD 21502
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Sara Pensabene

Sara Pensabene

+1(540) 336-5057
Listed by Jenny Jackson • Charis Realty Group
$ 320,000
Est. payment /mo
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Price Dropped by $15K

301 BALTIMORE AVE Cumberland, MD 21502

2,475 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDAL2013112

Year Built 1920

Annual Tax Amount $3,307

Tax Year 2024

Lot Size 2,475 Sqft

Acres 0.06

Property Sub-Type Five Or More Units

Source BRIGHT

Property 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 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.

Location

State MD

County Allegany

Area S Cumberland - Allegany County (Mdal2)

Zoning R-O

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Heat Source Natural Gas

Exterior

Water Access N

View City, Mountain

Roof Type Other

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools West Side

Middle Schools Braddock

High Schools Allegany

School District Allegany County Public Schools

Others

Tax ID 0122009443

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Sara Pensabene

Sara Pensabene

Agent | License ID: 2080383

+1(540) 336-5057

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301 BALTIMORE AVE

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