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301 Baltimore Ave, 
Cumberland, MD 21502

$320,000


6

Beds


Bath


4,712

Sq Ft


Multi-Family

Active

Listed by

Jennifer Jackson

Charis Realty Group, 2408015011, home@charisrealty.com

Last updated:

July 15, 2026, 03:31 PM

MLS#

MDAL2015110

Source:

BRIGHTMLS

About This Home

301 Baltimore Ave

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 $901/month. Features hardwood floors, in-unit laundry, and a new hot water heater. - Unit 2: 2BR/2BA — Rented at $822/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 $900/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.

Home Facts

Multi-Family

6 Bedrooms

Built in 1920

Price Summary

320,000

$67 per Sq. Ft.

MLS #:

MDAL2015110

Last Updated:

July 15, 2026, 03:31 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6


Structure

Structure

Building Area:

4,712 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

2,613


Finances & Disclosures

Finances

Price:

$320,000

Price per Sq. Ft:

$67 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.