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5 Unit Investment Property 229 E Union St 5 Unit Apartment Building $249,000 ($49,800/Unit) Cumberland, MD 21502
Executive Summary
This investment multi-family property features five income-producing units, each with baseboard heat and tenant-paid electric. The landlord currently covers water, sewer, and trash services, and the property also includes a garage. Ideally located in an established residential neighborhood with access to downtown amenities, shopping, and major commuter routes, this asset is attractive to both tenants and investors.
5 Units - (1) 2 bed/1bath, (2) 1 bed/1 bath, (2) efficiency
1 bedroom unit is currently leased at $700/month. currently a month to month lease.
Other properties available. Discount for purchase of all 4 properties.
315 Frederick - 9 Units
339/341 Frederick - 5 Units
Commercial Lot Front & Baltimore .08 Acres
5 Units - (1) 2 bed/1bath, (2) 1 bed/1 bath, (2) efficiency
1 bedroom unit is currently leased at $700/month. currently a month to month lease.
Other properties available. Discount for purchase of all 4 properties.
315 Frederick - 9 Units
339/341 Frederick - 5 Units
Commercial Lot Front & Baltimore .08 Acres
Property Facts
| Price | $249,000 | Apartment Style | Low-Rise |
| Price Per Unit | $49,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 5 | Building Size | 3,320 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1910 |
| Price | $249,000 |
| Price Per Unit | $49,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 3,320 SF |
| No. Stories | 3 |
| Year Built | 1910 |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-013262 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $130,433 |
Property Taxes
Parcel Number
22-013262
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$130,433
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5 Unit Investment Property | 229 E Union St
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