2 ALTAMONT TER, Cumberland, MD 21502
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Hagan Realty

Hagan Realty

+1(866) 424-2601
Listed by Jason Wade • REMAX Platinum Realty
$ 695,000
Est. payment | /mo

4,200 Sqft Lot

Save
$ 695,000
Est. payment | /mo
Save

4,200 Sqft Lot

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

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Hagan Realty

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

+1(866) 424-2601

info@haganrealty.com

20251 Century Blvd Suite 125, Germantown, MD, 20874

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2 ALTAMONT TER