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6-unit multifamily investment property offering immediate cash flow and strong upside potential. All units are 2 bedrooms and 1 bathroom. Five of six units are currently occupied. All leases are month to month, providing a new owner with full flexibility to reposition rents or renovate at turnover. Current rents are below market rate with potential to achieve a double-digit cap rate through modest rent increases in line with current market conditions. Located in Frostburg, home to Frostburg State University, supporting consistent rental demand. Ideal for investors seeking a value-add multifamily asset with stabilized occupancy and room to grow. Do not disturb tenants. All showings by appointment only.
| DAYS ON MARKET | 0 | LAST UPDATED | 3/26/2026 |
|---|---|---|---|
| YEAR BUILT | 1935 | COMMUNITY | Frostburg - Allegany County (MDAL8) |
| COUNTY | ALLEGANY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | Frostburg - Allegany County (MDAL8) |
| CONSTRUCTION | Block |
| HEAT | Baseboard, Electric |
| LOT | 6098 sq ft |
| PARKING | Driveway |
| SEWER | Public Sewer |
| TAXES | 3196 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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