401 401-403 Ascension St Cumberland, MD 21502
Estimated payment $718/month
Highlights
- Colonial Architecture
- Eat-In Kitchen
- Electric Baseboard Heater
- Traditional Floor Plan
- Ceramic Tile Flooring
About This Home
Vacant Brick Duplex in Prime Cumberland – Investor's Dream or House Hacker's Gem!Discover an unparalleled opportunity in the heart of Cumberland, MD with this substantial, vacant brick duplex. Perfectly poised for a significant value-add transformation, this property is an ideal acquisition for seasoned investors seeking high ROI or savvy homebuyers aiming to achieve financial freedom through house hacking. It features two generously sized 2-bedroom, 1-bathroom units, each designed for tenant privacy with individual private entrances.Built for enduring stability, the robust brick construction promises longevity and reduced maintenance costs. Each unit is thoughtfully equipped with separate utility meters, ensuring efficient expense management and clear accountability. Significant upgrades include the majority of windows replaced with energy-efficient vinyl, enhancing comfort and reducing utility bills for future occupants. Ample storage is a distinct advantage, with tenants benefiting from access to a large attic and a full basement.This isn't just a property; it's a proven income generator awaiting your vision. While cosmetic updates – including fresh paint, new flooring, and modern appliances – will unlock its full splendor, the duplex boasts a strong rental history, previously commanding $800 per unit for a total monthly income of $1600. Imagine the amplified rental revenue achievable with strategic, personalized renovations! Furthermore, its significant potential for Section 8 tenancy offers a reliable and consistent income stream, providing peace of mind for landlords.Location is paramount, and this Cumberland duplex delivers. Enjoy the convenience of easy walking distance to essential amenities like grocery stores, diverse restaurants, and gas stations, guaranteeing a high quality of life for your future tenants. Seamless commuting and regional access are further enhanced by its close proximity to the nearest highway exit. Whether you're expanding your portfolio or embarking on a smart homeownership journey, this duplex represents an exceptional value proposition in a highly sought-after location. Don't miss your chance to capitalize on this incredible opportunity – be sure to explore the detailed walk-through video to fully grasp the immense potential that awaits!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $777
Year Built
- Built in 1920
Lot Details
- 3,446 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Frame Construction
- Asphalt Roof
Interior Spaces
- Traditional Floor Plan
- Partially Finished Basement
- Walk-Out Basement
Kitchen
- Eat-In Kitchen
- Stove
Flooring
- Laminate
- Ceramic Tile
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Schools
- Fort Hill High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Electric Baseboard Heater
- Electric Water Heater
- Phone Available
Community Details
- 2 Units
- 2 Vacant Units
Listing and Financial Details
- Assessor Parcel Number 0104021444
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $524 | $68,600 | $0 | $0 |
| 2024 | $524 | $55,900 | $0 | $0 |
| 2023 | $402 | $43,200 | $3,100 | $40,100 |
| 2022 | $363 | $39,100 | $0 | $0 |
| 2021 | $327 | $35,000 | $0 | $0 |
| 2020 | $287 | $30,900 | $3,100 | $27,800 |
| 2019 | $288 | $30,867 | $0 | $0 |
| 2018 | $293 | $30,833 | $0 | $0 |
| 2017 | $291 | $30,800 | $0 | $0 |
| 2016 | $282 | $29,467 | $0 | $0 |
| 2015 | $259 | $28,133 | $0 | $0 |
| 2014 | $259 | $26,800 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | Price Changed | $122,500 | -0.4% | $59 / Sq Ft |
| 04/21/2025 04/21/25 | Price Changed | $123,000 | -0.4% | $59 / Sq Ft |
| 12/31/2024 12/31/24 | Price Changed | $123,500 | -1.2% | $59 / Sq Ft |
| 11/29/2024 11/29/24 | Price Changed | $125,000 | -6.4% | $60 / Sq Ft |
| 11/08/2024 11/08/24 | Price Changed | $133,500 | -0.4% | $64 / Sq Ft |
| 10/20/2024 10/20/24 | Price Changed | $134,000 | -0.7% | $64 / Sq Ft |
| 09/13/2024 09/13/24 | For Sale | $135,000 | +45.9% | $65 / Sq Ft |
| 05/26/2023 05/26/23 | Sold | $92,500 | -2.6% | $44 / Sq Ft |
| 03/08/2023 03/08/23 | Pending | -- | -- | -- |
| 01/25/2023 01/25/23 | Price Changed | $95,000 | -4.9% | $46 / Sq Ft |
| 09/27/2022 09/27/22 | Price Changed | $99,900 | -13.1% | $48 / Sq Ft |
| 07/14/2022 07/14/22 | For Sale | $115,000 | 0.0% | $55 / Sq Ft |
| 06/28/2022 06/28/22 | Pending | -- | -- | -- |
| 06/08/2022 06/08/22 | For Sale | $115,000 | -- | $55 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $92,500 | Old Republic National Title | |
| Deed | $3,304 | None Available | |
| Deed | $35,000 | -- | |
| Deed | $35,000 | -- | |
| Deed | $25,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $74,000 | New Conventional | |
| Previous Owner | $48,000 | Purchase Money Mortgage | |
| Previous Owner | $48,000 | Purchase Money Mortgage | |
| Closed | -- | No Value Available |
Source: Bright MLS
MLS Number: MDAL2009828
APN: 04-021444
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