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2 Altamont Terrace Cumberland, MD $ 695,000
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$ 695,000 Get more info
2 Altamont Terrace
$ 695,000
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2 Altamont Terrace

Cumberland, MD, 21502
$ 695,000
Bedrooms-- Baths-- Sq 5,984

Monthly Estimate*

$ 4,279

2 Altamont Terrace, Cumberland, MD 21502 - Image 1

Commercial Property for sale in Cumberland, MD

for $695,000. This 5,984 square foot building was built in 1898 on a lot size of 0.1.

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.

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Commercial Coming Soon

Price

$ 695,000

Property Type

Commercial

Taxes

$ 8,057

Style

Apartment Building

Lot Size

0.1

Year Built

1898

Town/City

Cumberland

County/Region

Allegany

MLS | Web ID

MDAL2014962
Features
Interior
Heating Fuel Electric
Flooring Luxury Vinyl Plank Ceramic Tile
Hot Water Electric
Total Stories 4
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Window Unit(s)
Possession Immediate
Roof Shingle
Zoning R-L
Construction Materials Brick
Year Built 1898
View City Mountain
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Cumberland
Business Type Apartment Building
Accessibility None
County ALLEGANY
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status COMING SOON
Directions GPS
City CUMBERLAND
Number Of Units Total 11
MLS Area W Cumberland - Allegany County (MDAL3)
Lot Size Units Square Feet
Lot Size Square Feet 4200.00
Tax Annual Amount 8057.0
Price Per Sq Ft Total AG 86.91
Vacation Rental Y/N N
Standard Status Coming Soon
Year Built Source Assessor
Tax Lot 1
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 7997.00
Lot Size Acres 0.10
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 8400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 2
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* Excluded Features
List By
Remax Platinum Realty

Broker

wadefinehomes@gmail.com

Email

Affordability Calculator

$4,951
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,279
Monthly Property Taxes
$671
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
6/6/2026$695,000 Listed Price

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2 Altamont Terrace, Cumberland, MD, 21502 is a Commercial Property for sale at $695,000 with 5,984 sqft and a lot size of 0.1. 2 Altamont Terrace was built in 1898. The property's zip code is 21502 which is in Cumberland, MD

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