$350,000

301 Baltimore Ave Cumberland, MD 21502

Estimated payment $2,118/month

Total Views 6,215
-- Bed
-- Bath
4,712 Sq Ft
$74 Price per Sq Ft

Highlights

  • City View
  • Downtown Location
  • Property is in excellent condition
  • Wood Flooring
  • Forced Air Heating and Cooling System

About This Home

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 Agent

Jennifer Jackson

(301) 367-8300 jen.jackson1425@gmail.com Charis Realty Group License #RSR005314 Listed on: 10/16/2025

Charis Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1920

Lot Details

  • 2,475 Sq Ft Lot
  • Downtown Location
  • Property is in excellent condition

Parking

  • On-Street Parking

Property Views

  • City
  • Mountain

Home Design

  • Quadruplex
  • Block Foundation
  • Stucco

Interior Spaces

  • 4,712 Sq Ft Home
  • Wood Flooring

Schools

  • West Side Elementary School
  • Braddock Middle School
  • Allegany High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0122009443

Community Details

Overview

  • 4 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,307

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Foundation Details: Block
  • Total Sq Ft: 4712
  • Living Area Sq Ft: 4712
  • Price Per Sq Ft: 74.28
  • Above Grade Finished Sq Ft: 4712
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • View: City, Mountain
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • Elementary School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Source: 3rd Party
  • Elementary School: WEST SIDE
  • High School: ALLEGANY
  • Middle Or Junior School: BRADDOCK

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2475.00
  • Property Condition: Excellent
  • Zoning: R-O
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3307.00
  • Assessor Parcel Number: 0122009443
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: ALLEGANY COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 For Sale $350,000 -- $74 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: MDAL2013158

Bright MLS
Maryland Allegany County Cumberland 21502

301 Baltimore Ave, Cumberland, MD

For Sale

MultiFamily

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Jennifer Jackson
Listing Agent
Jennifer Jackson
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Charis Realty Group
(240) 808-8750