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180 Bowery St , Frostburg, MD 21532
$2,500,000
Est. Payment: $13,306.05/mo
74309 Sqft
4.79 Acres
Status: active | Days on site: 143
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TRAF1 - 120298,74387
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Huge student housing portfolio. This premier 41-property (57-unit) student housing portfolio in Frostburg, MD, offers an exceptional, turn-key investment opportunity directly serving Frostburg State University. This stabilized portfolio delivers immediate cash flow, strong historical valuation growth, and a built-in tenant pipeline right next to Frostburg State University (FSU). Immediate Income: Generated a proven $448,850 in gross income for the 2025 calendar year. Rapid Equity Growth: Appraised at $4,564,800 in 2022, with current algorithmic valuations tracking at $5,863,600, showcasing substantial market appreciation. Prime Location: Strategic cluster of 43 properties, all situated within convenient walking distance to the FSU campus, ensuring perpetual student demand. Risk Mitigation: Pre-leased revenue secured with numerous student leases already signed and executed for the upcoming 2026/2027 academic year. Scalable Operations: Rare opportunity to acquire immediate, dominant market share in a stable university submarket.
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Highlights

Listed by Jeffrey E Stein , 8886212110 and Fernando F Palacios , 3019965190 Tranzon Key , 7035398111. Bright MLS

Property Type

Commercial Sale
Lot/Acreage
4.79

Year Built

1935

County

Allegany

Area

Frostburg - Allegany County (MDAL8)

 School District

Allegany County Public Schools

Listing ID

MDAL2014998

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Zoning:C1
Sewer:Public Sewer
Principal Interest
$13,306
Taxes
$186

Home Price

$2,500,000

Loan Details

30 yrs
7%

Down Payment

20%
$500,000
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:
$13,306.05

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,306.05 $185.50 $0.00 $13,491.55
Yearly $159,672.60 $2,226.00 $0.00 $161,898.60
Total $4,790,177.97 $66,780.00 $0.00 $4,856,957.97
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Frostburg, 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: 2026-11-13T19:09:10.000Z

© 2026 Bright MLS