Cumberland, MD 21502,301 BALTIMORE AVE
Cumberland, MD 21502,301 BALTIMORE AVE
Cumberland, MD 21502,301 BALTIMORE AVE
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Listed by Jennifer Jackson • Charis Realty Group
$350,000
Est. payment /mo
4,712 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,712 sqft

Price per Sqft $74

MLS Listing ID MDAL2013158

Style Other

Abv Grd Liv Area 4,712

Year Built 1920

Annual Tax Amount $3,307

Tax Year 2024

Lot Size 2,475 Sqft

Acres 0.06

Property Sub-Type Detached

Source BRIGHT

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.

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

Foundation Block

Above Ground Finished SqFt 4712

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

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

SqFt Source 4712

Special Listing Condition Standard


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301 BALTIMORE AVE

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