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Tonia Falkowski

[email protected] +1(443) 510-0383

Listed by Jason Wade • REMAX Platinum Realty

$ 695,000

Est. payment -/mo

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Coming Soon

2 ALTAMONT TER Cumberland, MD 21502

4,200 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID MDAL2014962

Year Built 1898

Available Date 2026-06-20

Annual Tax Amount $8,057

Tax Year 2025

Lot Size 4,200 Sqft

Acres 0.1

Property Sub-Type Five Or More Units

Source BRIGHT

Property 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.

Location

State MD

County Allegany

Area W Cumberland - Allegany County (Mdal3)

Zoning R-L

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Luxury Vinyl Plank, Ceramic Tile

Heat Source Electric

Exterior

Water Access N

View City, Mountain

Roof Type Shingle

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Allegany

School District Allegany County Public Schools

Others

Tax ID 0122007734

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

Tonia Falkowski

Advisor | License ID: 659530

+1(443) 510-0383

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