Newhouse
1/27
$1,479/mo
$224,9002bd·2ba·1,578sf
4 Centennial St, Frostburg, MD 21532
Listing Courtesy of Charis Realty Group
for sale
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$245,000
12beds
|6baths
|3,780sqft
|1935built
8 Hill St,Frostburg, MD 21532
Est.$1,611/moCustomize payment
What's special
$65/sqft
Price per square foot
Built in 1935
91 years old
Overview
6-unit multifamily investment property offering immediate cash flow and strong upside potential. All units are 2 bedrooms and 1 bathroom. Five of six units are currently occupied. All leases are month to month, providing a new owner with full flexibility to reposition rents or renovate at turnover. Current rents are below market rate with potential to achieve a double-digit cap rate through modest rent increases in line with current market conditions. Located in Frostburg, home to Frostburg State University, supporting consistent rental demand. Ideal for investors seeking a value-add multifami...
Listing updated: May 28, 2026 at 11:56 AM
Listed by:
Benjamin J Garner 240-216-7841, Cummings & Co. Realtors
Source: Bright MLS · MLS #MDAL2014254
Property details
Cost estimate
Est. monthly payment
$1,632/mo
Principal & interest
$1,284Property tax
$266Home insurance (est.)
$82Down payment
$49,00020% of list price
Adjust down payment20%
0%25%50%
Based on 20% down ($49,000), 6.85% interest rate, 30-year fixed. Insurance is an estimate. Actual costs may vary.
Rates provided by Mable Loans.
Price history
| Date | Event | Price |
|---|---|---|
| May 27, 2026 | Price reduced | $245,000(−$10,000) |
| Apr 28, 2026 | Price reduced | $255,000(−$10,000) |
| Mar 27, 2026 | Listed for sale | $265,000 |
Location
8 Hill St, Frostburg, MD 21532
