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$500,000
24 Beds ⋅ 8 Baths
8 Unit investment Apartment Building in the heart of Frostburg University. The building consists of 8 units of 3 Bedrooms and 1 Bathrooms split over 2 floors. 5 Units are currently rented and 3 are vacant. The total rent collected currently varies but $40,000 was collected last school year. The owner has 51 other units in Frostburg walking distance to the University. All properties have been maintained by an in house property manager. A portfolio sale of all 59 units can also be an option. 12 units are currently vacant. Gross income in 2025 $448,000. Seller financing is available for a portfolio buyer.

109 S Broadway St, Frostburg

Listing courtesy of Terrapin Realtors, Inc. Contact: (301) 355-5000
$100,000
6 Beds ⋅ 2 Baths

187 Bowery St Unit #A/B, Frostburg

Listing courtesy of Terrapin Realtors, Inc. Contact: (301) 355-5000
$80,000
4 Beds ⋅ 2 Baths
This Cape Cod-style detached home in Bealls Addition presents a prime investment opportunity, especially with a major renovation slated for 2026. Built in 1940, the property boasts a solid stone construction and a spacious layout with 1,260 finished square feet, featuring four bedrooms and two full bathrooms. The English basement offers potential for additional living space or rental income, enhancing the property's value. A cozy fireplace adds charm and warmth, making it an attractive option for future tenants or buyers. The off-street parking and driveway provide convenience, while the 0.17-acre lot allows for outdoor activities or potential landscaping enhancements. Investors will appreciate the anticipated appreciation in value post-renovation, as modern updates can significantly increase rental yields and resale potential. The absence of a pool reduces maintenance costs, making it a low-overhead investment. With no association fees or restrictive amenities, this property offers flexibility for customization and tenant appeal. The strategic location in a desirable neighborhood further enhances its investment potential. This is an excellent opportunity to capitalize on a property with strong fundamentals and future growth prospects.

168 Bowery St, Frostburg

Listing courtesy of Terrapin Realtors, Inc. Contact: (301) 355-5000