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27 First St
Off-Market Call for Pricing
Call for Pricing
- 7 Units
- Unknown Sq Ft
- 4,615 Sq Ft
- Unknown Cap Rate
Description
Attention Investors!! 7 unit apartment complex central to downtown Frostburg. Minutes from the Great Allegany Passage( Gap Trail) , and less than one mile from Frostburg State University!Very well maintained and zoned C3 vibrant mixed use town center commercial district. This means that this property is suitable for the downtown/ town-center area which typically allows a mix of retail, office, residential above the ground floor, and other compatible uses as outlined in the city’s zoning ordinance.Units are long term tenants and one unit is furnished and vacant for owner’s personal use and can easily be rented for additional income. Great investment opportunity on so many levels! Won’t last!!
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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 | $475,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1921 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | N/A |
| MLS # | MDAL2013942 |
| Property ID | 322676428 |
| Lot Sqft | 4,615 |
| Zoning | R2 |
| Total Units | 7 |
| Days on Market | 109 |
| Original List Price | Unknown |
| Date Updated | June 25, 2026 |
| Date Created | March 15, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $63,300 | $0 |
| Operating Expenses | $ 28,097 |
| Net Income (Yr) | $ 38,368 |
| Cap Rate | 8.50% |
Listing Provided By
Cynthia R Sullivan an agent of . Lic #505283
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Data last updated: July 02, 2026.
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