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sales rep | Brivity IDX

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2 Altamont Terrace , Cumberland, MD 21502
$615,000
Est. Payment: $3,273.29/mo
7997 Sqft
0.1 Acres
Status: active | Days on site: 133
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RXPT1 - 3290109
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House Description

11 UNITS. STABILIZED. CLEAN. INCOME PRODUCING. ULTRA-RARE FOR CUMBERLAND. A standout opportunity to acquire a professionally managed 11-unit multifamily property offering immediate cash flow, strong occupancy, and meaningful upside through future rent increases. Properties of this scale and condition are extremely difficult to find in the Cumberland market. This is not a heavy value-add or turnaround project. The building is clean, stabilized, well managed, and already producing income, giving an investor the ability to step into an operating asset from day one. The property offers a desirable unit mix, established rental history, and additional revenue from on-site coin-operated laundry. Current rents also provide room for future increases, creating a clear path to stronger NOI and improved long-term returns without requiring a major repositioning of the asset. Conveniently located near downtown Cumberland, employment centers, shopping, services, and I-68, the property is well positioned for continued rental demand. For investors looking to add scale, complete a 1031 exchange, or acquire a stabilized multifamily asset with both current income and future upside, 2–4 Altamont Terrace is an exceptionally rare Cumberland opportunity. 11 units. Stabilized income. Room to raise rents. Very little like it in the market.

Highlights

Listed by Jason Wade , 2024096788 REMAX Platinum Realty , 2404970408. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.1

Year Built

1898

County

Allegany

Area

W Cumberland - Allegany County (MDAL3)

School District

Allegany County Public Schools

Listing ID

MDAL2014962

Questions about this listing?

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Interior Features

Air Cond:Window Unit(s)
Fireplaces:
Floor:Luxury Vinyl Plank,Ceramic Tile
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:R-L
Roof:Shingle
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$3,273
Taxes
$671

Home Price

$615,000

Loan Details

30 yrs
7%

Down Payment

20%
$123,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,273.29

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,273.29 $671.42 $0.00 $3,944.70
Yearly $39,279.46 $8,057.00 $0.00 $47,336.46
Total $1,178,383.78 $241,710.00 $0.00 $1,420,093.78
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Cumberland, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS