Active

MLS: #MDAL2015110, Listed By: Jennifer Jackson, Charis Realty Group, Source:Bright MLS

301 Baltimore Avenue

CUMBERLAND, MD 21502
Mark as Favorite
Bed 6

Bed

Bath 0

Bath

SqFt4,712

Sqft

Acres0.06

Acre(Lot)

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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $335,000

AD Id : 85682547

MLS Id : MDAL2015110

Beds : 6

Lot Size : 0.06 Acre

Living Area Size : 4,712

Year Built : 1920

County : ALLEGANY

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 6
  • Flooring Information

    Hardwood
  • Roofing Information

    Other
  • Interior Features

    Roof: Other Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1920 Building Area Total: 4712 Construction Materials: Stucco Pool Features: None Private Pool: No View: Mountain(s), City

  • Lot Information

    Lot Size Acres: 0.06 Lot Size Source: Estimated Lot Size Square Feet: 2475

  • Listing Price Information

    Listing Price: $335000

  • Tax Information

    Parcel Number: 0122009443 Tax Year: 2024 Annual Tax: $3307

  • Parking Information

    On Street

  • School Information

    Elementary School: WEST SIDE
    Junior High School:
    Senior High School: ALLEGANY
  • Location Information

    Direction: Follow GPS WaterSource: Public
Sell a home like this and save $19,601 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
15 Weber Street, Cumberland, MD, 21502 $130,000 6 -- 2,016 2,016 SqFt
530/532 Woodside Avenue, Cumberland, MD, 21502 $68,500 6 -- 2,080 2,080 SqFt
401 - 403 Ascension Str.., Cumberland, MD, 21502 $99,850 4 -- 2,082 2,082 SqFt
704 Baker Street, Cumberland, MD, 21502 $75,000 4 -- 2,856 2,856 SqFt
703 Baker Street, Cumberland, MD, 21502 $109,999 4 -- 1,898 1,898 SqFt
214 S Central Avenue, Cumberland, MD, 21502 $115,000 3 -- 2,052 2,052 SqFt
433-435 Pennsylvania Av.., Cumberland, MD, 21502 $149,900 6 -- 1,788 1,788 SqFt
229 E Union Street, Cumberland, MD, 21502 $249,000 3 -- 3,680 3,680 SqFt
16-18-20 Grand Avenue, Cumberland, MD, 21502 $149,900 4 -- 1,872 1,872 SqFt
15 Decatur Street, Cumberland, MD, 21502 $175,000 5 -- 3,520 3,520 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/23/2026 @ 23:57

MLS: MDAL2015110 LISTED BY: Jennifer Jackson, Charis Realty Group 240-801-5011 SOURCE: Bright MLS

Homes around $335,000

Selling? Save $19,601 when you sell a home like this

Tour with a ByOwner Agent