301 Baltimore Ave, Cumberland, MD 21502
Local realty services provided by:CENTURY 21 Home Team Realty
301 Baltimore Ave,Cumberland, MD 21502
$345,000
- 6 Beds
- - Baths
- 4,712 sq. ft.
- Multi-family
- Active
Listed by: jennifer jackson
Office: charis realty group
MLS#:MDAL2013158
Source:BRIGHTMLS
Price summary
- Price:$345,000
- Price per sq. ft.:$73.22
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 $875/month. Features hardwood floors, in-unit laundry, and a new hot water heater.
- Unit 2: 2BR/2BA — Rented at $775/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 $850/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 #:MDAL2013158
- Added:195 day(s) ago
- Updated:April 30, 2026 at 01:29 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
- Middle school:BRADDOCK
- Elementary school:WEST SIDE
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$345,000
- Price per sq. ft.:$73.22
- 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
$165,000Coming Soon2 beds 1 baths719 E Oldtown Rd, CUMBERLAND, MD 21502
MLS# MDAL2014540Listed by: THE GOODFELLOW AGENCY
$325,000Active3 beds 3 baths1,706 sq. ft.630 Franklin Street, Roberts, WI 54023
MLS# 7047284Listed by: EXP REALTY, LLC- New
$325,000Active3 beds 3 baths1,706 sq. ft.636 Franklin Street, Roberts, WI 54023
MLS# 7058477Listed by: EXP REALTY, LLC - Coming Soon
$189,900Coming Soon3 beds 1 baths421 Wempe Dr, CUMBERLAND, MD 21502
MLS# MDAL2014512Listed by: PERRY WELLINGTON REALTY, LLC - New
$500,000Active4 beds 2 baths1,131 sq. ft.12717 N Cresap St, CUMBERLAND, MD 21502
MLS# MDAL2014460Listed by: MOUNTAINSIDE HOME REALTY - New
$215,000Active3 beds 1 baths1,236 sq. ft.11319 Dehaven Rd Ne, CUMBERLAND, MD 21502
MLS# MDAL2014514Listed by: EXP REALTY, LLC - New
$280,000Active4 beds 3 baths2,606 sq. ft.13710 Cardinal Dr Se, CUMBERLAND, MD 21502
MLS# MDAL2014494Listed by: CHARIS REALTY GROUP - New
$229,900Active4 beds 3 baths1,888 sq. ft.14015 Bedford Rd Ne, CUMBERLAND, MD 21502
MLS# MDAL2014462Listed by: UNITED REAL ESTATE PREMIER - New
$224,000Active3 beds 2 baths1,786 sq. ft.881 Braddock Rd, CUMBERLAND, MD 21502
MLS# MDAL2014488Listed by: THE AMERICAN REAL ESTATE CO. - New
$129,000Active3 beds 2 baths1,164 sq. ft.112 Seymour St, CUMBERLAND, MD 21502
MLS# MDAL2014478Listed by: CHARIS REALTY GROUP