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301 Baltimore Ave
For Sale $345,000 ($73.22 per Sq Ft)
$345,000 ($73.22 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 4,712 Sq Ft
- 2,475 Sq Ft
Description
An exceptional mixed-use investment opportunity in the heart of Cumberland. This well-maintained four-unit apartment building with a street-level commercial space offers strong in-place income, upside potential, and long-term stability—all in a convenient downtown location near shops, dining, and everyday amenities.
The property is largely occupied and thoughtfully updated, making it a turnkey addition to any portfolio. The ground-floor commercial space features prominent street-facing windows, ideal for office, retail, or storage use, creating an additional revenue stream and flexibility for future tenants or owner use.
Each residential unit is separately metered for electric and water, helping minimize owner expenses and simplify management.
Unit Breakdown:
- Unit 1: 1BR/1BA — Rented at $901/month. Features hardwood floors, in-unit laundry, and a new hot water heater.
- Unit 2: 2BR/2BA — Rented at $822/month. Currently undergoing improvements, including new flooring in one bedroom.
- Unit 3: 2BR/2BA — rented at $950/month. Offers hardwood floors, in-unit laundry, an open kitchen with island, and stunning city and mountain views—prime for immediate lease-up at market rate.
- Unit 4: 1BR/1BA — Rented at $900/month. Recently updated with new carpet and flooring, fresh paint, new countertops, and a new hot water tank. Includes central air.
Additional improvements include a fully waterproofed basement (2024) with a new sump pump, providing peace of mind and reduced maintenance concerns.
With multiple income streams, solid rental history, and value-add potential through lease optimization and commercial use, this property delivers both immediate cash flow and long-term appreciation in a steadily revitalizing downtown market.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $345,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 4,712 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0122009443 |
| MLS # | MDAL2013158 |
| Property ID | 322268405 |
| Lot Sqft | 2,475 |
| Zoning | R-O |
| Total Units | 4 |
| Days on Market | 230 |
| Original List Price | Unknown |
| Date Updated | May 12, 2026 |
| Date Created | October 15, 2025 |
Listing Provided By
Jennifer Jackson an agent of . Lic #5010774
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Data last updated: June 02, 2026.
Robert Crawford
REAL ESTATE AGENT