8 HILL ST, Frostburg, MD 21532
8 HILL ST, Frostburg, MD 21532
8 HILL ST, Frostburg, MD 21532
8 HILL ST, Frostburg, MD 21532
8 HILL ST, Frostburg, MD 21532
8 HILL ST, Frostburg, MD 21532
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Kevin Hughes

Kevin Hughes

+1(410) 596-3881
Listed by Ben Garner • Cummings & Co. Realtors
$ 245,000
Est. payment | /mo

6,144 Sqft Lot

Save
$ 245,000
Est. payment | /mo
Save

6,144 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDAL2014248

Year Built 1935

Annual Tax Amount $3,196

Tax Year 2025

Lot Size 6,144 Sqft

Acres 0.14

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

6-unit multifamily investment property offering immediate cash flow and strong upside potential. All units are 2 bedrooms and 1 bathroom. Five of six units are currently occupied. All leases are month to month, providing a new owner with full flexibility to reposition rents or renovate at turnover. Current rents are below market rate with potential to achieve a double-digit cap rate through modest rent increases in line with current market conditions. Located in Frostburg, home to Frostburg State University, supporting consistent rental demand. Ideal for investors seeking a value-add multifamily asset with stabilized occupancy and room to grow. Do not disturb tenants. All showings by appointment only.

Location

State MD

County Allegany

Area Frostburg - Allegany County (Mdal8)

Zoning R3

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 6.0

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allegany County Public Schools

Others

Tax ID 0112006519

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)
Kevin Hughes

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(410) 596-3881

kevin@bluecrabrealty.com

21900 Huntmaster Dr, Gaithersburg, MD, 20882, USA

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8 HILL ST

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