8 Unit investment Apartment Building in the heart of Frostburg University. The building consists of 8 units of 3 Bedrooms and 1 Bathrooms split over 2 floors. 5 Units are currently rented and 3 are vacant. The total rent collected currently varies but $40,000 was collected last school year. The owner has 51 other units in Frostburg walking distance to the University. All properties have been maintained by an in house property manager. A portfolio sale of all 59 units can also be an option. 12 units are currently vacant. Gross income in 2025 $448,000. Seller financing is available for a portfolio buyer.
Pending
$500,000
109 S Broadway, Frostburg, MD 21532
24beds
8,815sqft
Single Family Residence
Built in 1979
9,148 Square Feet Lot
$464,500 Zestimate®
$57/sqft
$-- HOA
What's special
- 54 days
- 160
- 6
Zillow last checked:
Listing updated:
Listed by:
Fernando Palacios 301-996-5190,
Terrapin Realtors, Inc (301) 355-5000,
Co-Listing Agent: Jeffrey E Stein 888-621-2110,
Tranzon Key
Source: Bright MLS,MLS#: MDAL2015506
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 8
- Full bathrooms: 8
- Main level bathrooms: 8
- Main level bedrooms: 24
Basement
- Area: 0
Heating
- Radiator, Oil
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 8,815
- Total interior livable area: 8,815 sqft
- Finished area above ground: 8,815
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street, Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 9,148 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0126005310
- Zoning: C1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Carriage House
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1979
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Bealls Addition
HOA
- Has HOA: No
Location
- Region: Frostburg
Financial & listing details
- Price per square foot: $57/sqft
- Tax assessed value: $112,833
- Annual tax amount: $1,831
- Date on market: 8/4/2026
- Listing agreement: Exclusive Agency
- Listing terms: Seller Financing
- Ownership: Fee Simple
- Total actual rent: 40000
Estimated market value
$464,500
$441,000 - $488,000
$987/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Pending sale | $500,000$57/sqft |
Source:  Bright MLS #MDAL2015506 Report a problem | ||
| 8/4/2026 | Listed for sale | $500,000$57/sqft |
Source: Bright MLS #MDAL2015506 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 21532
Nearby schools
Schools provided by the listing agent
- District: Allegany County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
