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.
Listed by:
Cummings & Co. Realtors
Source:
BRIGHT MLS
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| May 27, 2026 | 8 days ago | Price decreased10,000 (4%) | $245,000 |
| Apr 28, 2026 | 1 mo ago | Price decreased10,000 (4%) | $255,000 |
| Apr 7, 2026 | 2 mos ago | Price decreased10,000 (4%) | $265,000 |
| Mar 27, 2026 | 2 mos ago | New on market | $275,000 |