Coming Soon
Our website is under construction. Stay tuned for its launch and get ready for a fantastic experience!
Preview Current Site
2 ALTAMONT TER, Cumberland, MD 21502
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Kelly Stipa

Kelly Stipa

+1(267) 249-9000
Listed by Jason Wade • REMAX Platinum Realty
$649,000
Est. payment /mo
4,200 Sqft Lot
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

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

Read Less Info
Bright MLS (BMLS)

Nearby School & Business

Get More Information

Kelly Stipa

Kelly Stipa

+1(267) 249-9000

REALTOR® | License ID: RS226297L

REALTOR® License ID: RS226297L

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kelly Stipa, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Neighborhood Property Listing SEARCH