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8 Hill Street Frostburg, MD $ 275,000
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$ 275,000 Get more info
8 Hill Street
$ 275,000
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8 Hill Street

Frostburg, MD, 21532
$ 275,000
Bedrooms-- Baths-- Sq 3,780

Monthly Estimate*

$ 1,693

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Commercial Property for sale in Frostburg, MD

for $275,000. This 3,780 square foot building was built in 1935 on a lot size of 0.14.

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.

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Commercial Active

Price

$ 275,000

Property Type

Commercial

Taxes

$ 3,196

Style

Apartment Building

Lot Size

0.14

Year Built

1935

Town/City

Frostburg

County/Region

Allegany

MLS | Web ID

MDAL2014248
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Possession Immediate
Zoning R3
Construction Materials Block
Year Built 1935
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality Frostburg
Business Type Apartment Building
Accessibility None
County ALLEGANY
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions 8 Hill St
City FROSTBURG
Number Of Units Total 6
MLS Area Frostburg - Allegany County (MDAL8)
Lot Size Units Square Feet
Lot Size Square Feet 6144.00
Tax Annual Amount 3196.0
Price Per Sq Ft Total AG 72.75
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
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Exterior
Water Source Public
Type of Parking Driveway
Water View Y/N N
Building Area Total 3780.00
Lot Size Acres 0.14
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 18400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 8
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* Excluded Features
List By
Cummings & Co. Realtors

Broker

ben@garnerandco.com

Email

Affordability Calculator

$1,960
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,693
Monthly Property Taxes
$266
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/27/2026$275,000 Listed Price

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8 Hill Street, Frostburg, MD, 21532 is a Commercial Property for sale at $275,000 with 3,780 sqft and a lot size of 0.14. 8 Hill Street was built in 1935. The property's zip code is 21532 which is in Frostburg, MD

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