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Auction of huge student housing portfolio. Online bidding ends June 25th at noon. This premier 43-property (59-unit) student housing portfolio in Frostburg, MD, offers an exceptional, turn-key investment opportunity directly serving Frostburg State University. This stabilized portfolio delivers immediate cash flow, strong historical valuation growth, and a built-in tenant pipeline right next to Frostburg State University (FSU). List price is opening bid. Actual price to be detrermined at auction. Immediate Income: Generated a proven $448,850 in gross income for the 2025 calendar year. Rapid Equity Growth: Appraised at $4,564,800 in 2022, with current algorithmic valuations tracking at $5,863,600, showcasing substantial market appreciation. Prime Location: Strategic cluster of 43 properties, all situated within convenient walking distance to the FSU campus, ensuring perpetual student demand. Risk Mitigation: Pre-leased revenue secured with numerous student leases already signed and executed for the upcoming 2026/2027 academic year. Scalable Operations: Rare opportunity to acquire immediate, dominant market share in a stable university submarket.
| DAYS ON MARKET | 1 | LAST UPDATED | 6/10/2026 |
|---|---|---|---|
| YEAR BUILT | 1935 | COMMUNITY | Frostburg - Allegany County (MDAL8) |
| COUNTY | ALLEGANY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary School | BEALL |
| Jr. High School | MOUNT SAVAGE |
| High School | MOUNTAIN RIDGE |
| ADDITIONAL DETAILS | |
| AIR | Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Frostburg - Allegany County (MDAL8) |
| CONSTRUCTION | Brick |
| HEAT | Radiant |
| LOT | 4.79 acre(s) |
| PARKING | Other |
| SEWER | Public Sewer |
| TAXES | 72399 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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