$649,000
( $81.16Per Sq Foot )
 $3,484 est/mo Sourced by Back At You

2 Altamont Ter,CUMBERLAND, MD 21502

CUMBERLAND, MD 21502

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Description

Exceptional investment opportunity! This professionally managed 11-unit multifamily property offers immediate cash flow and is almost fully occupied, providing investors with stable income from day one and strong long-term upside. The property features a desirable unit mix, coin-operated laundry for additional revenue, and a proven rental history. Investors will appreciate the combination of in-place income, value-add potential through future rent optimization, and a well-maintained asset positioned for continued performance. Conveniently located in Cumberland with easy access to local amenities, employment centers, and transportation. Whether you're expanding your portfolio or completing a 1031 exchange, this turnkey multifamily investment presents an outstanding opportunity for dependable cash flow and long-term appreciation.

Details

MLS #MDAL2014962
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1898
Days On Site91
Listing Provided ByREMAX Platinum Realty | Jason Wade

Features

Story(s)4
Units11
ZoningR-L
Acreage0.10
Property ViewCity, Mountain

Interior

CoolingWindow Unit(s)
Heating Yes / NoYes
HeatingBaseboard - Electric

Exterior

RoofShingle
Construction MaterialsBrick

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount8057

Area Information

StateMD
CountyALLEGANY MD
CityCUMBERLAND
Zip Code21502
AreaW Cumberland Allegany County (MDAL3)
School DistrictALLEGANY COUNTY PUBLIC SCHOOLS
High SchoolALLEGANY
Listing VS Median (in 21502)
Price:
$649,000
low | high
Med:
$179,000
100% of Average
On site:
91
low | high
Med:
65
100% of Average
Sourced by Back At You

Market Activity 21502

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Additional Information

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Contact

Learn More About This Property

Jessica Hagerty

Jessica Hagerty

Coldwell Banker Home Town Realty

 (304) 703-8618hagertyhomeswv@gmail.com
StateMD
CountyALLEGANY MD
CityCUMBERLAND
Zip Code21502
AreaW Cumberland Allegany County (MDAL3)
School DistrictALLEGANY COUNTY PUBLIC SCHOOLS
High SchoolALLEGANY
Listing VS Median (in 21502)
Price:
$649,000
low | high
Med:
$179,000
100% of Average
On site:
91
low | high
Med:
65
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $486K - $811K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
223 BALTIMORE AVE Property Photo 1
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229 E Union St
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301 BALTIMORE AVE Property Photo 1
$320,000
301 Baltimore Ave
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301 BALTIMORE AVE Property Photo 1
$320,000
301 Baltimore Ave
Cumberland, MD 21502
Listing Updated: September 3, 2026 at 5:58:14 PM PDT
Jessica Hagerty
(304) 703-8618
Keyser - 21 N Davis Street.
Keyser, WV 26726

Jessica Hagerty - Coldwell Banker Home Town Realty