301 Baltimore Ave, Cumberland, MD 21502
Local realty services provided by:ERA Martin Associates
301 Baltimore Ave,Cumberland, MD 21502
$335,000
- 6 Beds
- - Baths
- 4,712 sq. ft.
- Multi-family
- Active
Listed by: jennifer jackson
Office: charis realty group
MLS#:MDAL2015110
Source:BRIGHTMLS
Price summary
- Price:$335,000
- Price per sq. ft.:$71.1
About this home
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....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:MDAL2015110
- Added:4 day(s) ago
- Updated:June 24, 2026 at 01:33 PM
Rooms and interior
- Bedrooms:6
- Flooring:Hardwood
- Living area:4,712 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1920
- Building area:4,712 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Downtown
- Construction Materials:Stucco
- Foundation Description:Block
Schools
- High school:ALLEGANY
- Elementary school:WEST SIDE
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$335,000
- Price per sq. ft.:$71.1
- Tax amount:$3,307 (2024)
Features and amenities
- Amenities:200+ Amp Service
Parking
- Parking description:On Street
New listings near 301 Baltimore Ave
- Coming Soon
$239,900Coming Soon3 beds 2 baths11720 Bayberry Ave, CUMBERLAND, MD 21502
MLS# MDAL2015138Listed by: LONG & FOSTER REAL ESTATE, INC. - New
$179,900Active4 beds 2 baths1,966 sq. ft.307 Helen St, CUMBERLAND, MD 21502
MLS# MDAL2015136Listed by: ABILITY REAL ESTATE SERVICE - Coming Soon
$90,000Coming Soon3 beds 2 baths120 Columbia St, CUMBERLAND, MD 21502
MLS# MDAL2015130Listed by: THE KW COLLECTIVE - New
$900,000Active4 beds 2 baths2,824 sq. ft.13101 Ferguson Ln Ne, CUMBERLAND, MD 21502
MLS# MDAL2015078Listed by: THE MIKE HAYWOOD GROUP - New
$95,000Active2 beds 2 baths1,042 sq. ft.11907 Iris Ave, CUMBERLAND, MD 21502
MLS# MDAL2015116Listed by: CHARIS REALTY GROUP - New
$99,000Active4 beds 3 baths2,652 sq. ft.223 Baltimore Ave, CUMBERLAND, MD 21502
MLS# MDAL2015062Listed by: MOVE4FREE REALTY, LLC - Coming Soon
$355,000Coming Soon4 beds 4 baths638 Washington St, CUMBERLAND, MD 21502
MLS# MDAL2015096Listed by: COLDWELL BANKER PREMIER - New
$239,000Active4 beds 2 baths2,080 sq. ft.1816 Bedford St, CUMBERLAND, MD 21502
MLS# MDAL2015086Listed by: COLDWELL BANKER HOME TOWN REALTY - New
$69,900Active6 beds 2 baths2,056 sq. ft.27 W First St W, CUMBERLAND, MD 21502
MLS# MDAL2015084Listed by: CAMPOS INTERNATIONAL GROUP