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2 Altamont Terrace

CUMBERLAND, MD 21502
  • $695,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: MDAL2014962
UPDATED: 25 min ago
$695,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1898
County:

School Information

High School:

Description

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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©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-07-12T06:59:34.973.
www.deepcreeksales.com/homes/177371015
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2 Altamont Terrace CUMBERLAND, MD 21502

  • Price: $695,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 25 min ago
  • ID#: MDAL2014962
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1898
Built
Neighborhood:
W Cumberland - Allegany County (Mdal3)
County:
Allegany
Area:
W Cumberland - Allegany County (Mdal3)
High School:
Allegany
School District:
Allegany County Public Schools
Property Description
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.
Exterior Features

Construction Materials Brick Garage YN No Parking Types On Street Roof Shingle View CityMountain Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7997.00 Cooling Window Unit(s) Flooring Luxury Vinyl PlankCeramic Tile Heating Baseboard - Electric Heating YN Yes Net Square Feet 5984.00

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Cumberland Navigable Water YN N New Construction YN No Number Of Units Total 11 Original MLSNumber 805014408194 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 8057.00 Tax Lot 1 Vacation Rental YN No Water Source Public Zoning R-L

Listing courtesy of REMAX Platinum Realty: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-07-12T06:59:34.973.
 
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35 Towne Centre Way
McHenry MD, 21541