301 Baltimore Ave, Cumberland, MD, 21502
About This Home
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.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 1920
Materials
- Foundation: Block
- Roof: Other
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Gas Water Heater
Bedrooms & Bathrooms
- Bedrooms: 6
Features
- Flooring: Hardwood
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 4,712
- Total interior livable area: 4,712 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 0122009443
- Zoning: R-O
- Special condition: Standard
Features
- Pool features: None
- Has view: Yes
- View description: City,Mountain(s)
Lot
- Lot size: 2,475 sqft
- Features: Downtown
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,618 | $19,416 |
| Home Insurance * | $205 | $2,460 |
| Property Taxes | $250 | $3,000 |
| Electricity | $600 | $7,204 |
| Total | $2,673 | $32,076 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-14 | Price change | $320,000 |
| 2026-06-20 | Listed for sale | $335,000 |
| 2026-06-04 | Listing removed | $345,000 |
| 2026-03-11 | Price change | $345,000 |
| 2025-10-16 | Listed for sale | $350,000 |
| 2018-01-01 | Listing removed | $185,000 |
| 2015-10-09 | Listed for sale | $185,000 |
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