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$249,900

  • For Sale
  • Active
  • Apartment
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Prime Mixed-Use Investment in Baltimore - Near Penn Station Metro Discover a rare mixed-use investment opportunity in the heart of Baltimore's redevelopment corridor, just moments from Penn Station Metro and major transit access. This 3,000 square-foot commercial building strategically blends residential and retail income potential, ideal for investors, owner-users, or long-term holders. Property Highlights Four one-bedroom, one-bathroom residential units on the upper two stories - strong rental demand from commuters and urban professionals. Two street-level retail spaces with high visibility and pedestrian exposure - perfect for neighborhood tenants, boutique concepts, or service businesses. Located in a development-intensive section of Baltimore, proximate to transit, dining, entertainment, and employment centers - enhancing long-term value and tenant desirability. Excellent positioning for diversified cash flow and asset appreciation. This offering represents a versatile asset with mixed revenue streams in a high-growth, transit-oriented market. Showings by appointment only - contact the listing agent for details.

Full Property Details for 501 Cumberland St

General

  • Price: $249,900
  • Taxes: $920 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDBA2196046
  • Updated: 12/27/2025
  • Added to Site: 20 day(s) ago

Business

  • Business Type: Apartment Building, Hair Salon and Spa

Interior

  • Flooring: Partially Carpeted, Vinyl

Additional Information

  • Security/Safety: Main Entrance Lock, Security Gate

Parking

  • Parking Type: On Street

Location

  • Municipality: Baltimore City
  • County: BALTIMORE CITY
  • Driving Directions: Follow S Martin Luther King Jr Blvd and Pennsylvania Ave to Cumberland St. Continue onto S Martin Luther King Jr Blvd. Turn left onto Pennsylvania Ave. Turn right onto Cumberland St
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Multi-tank, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Roof: Built-Up
  • Building Size: 4096
  • Year Built: 1920
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.02
  • Lot Size (Sq. Ft.): 1,024
  • Lot Size Source: Assessor
  • Street/Road Desc.: Black Top
  • Zoning: R-8

Financial Considerations

  • Price Per Sq. Ft.: $61.01
  • Assessment Year: 2025
  • City/TownTax: $877
  • City/TownTax Freq: Annually
  • County Tax: $44
  • County Tax Freq: Annually
  • Tax w/Assessment: $165,900
  • Tax Amount: $920
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 33

Listed by Own Real Estate, Yana Blackwell

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Listing agent

— 501 Cumberland St —

  • Yana Blackwell

    Own Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 501 Cumberland St

School District:Baltimore City Public Schools
NameGradesDistance
Sandtown-Winchester Achievement Academy
701 Gold Street, Baltimore, MD 21217
PK-80.2 mi
Booker T. Washington Middle School
1301 McCulloh Street, Baltimore, MD 21217
6-80.8 mi
Bluford Drew Jemison Stem Academy West
1500 Harlem Avenue, Baltimore, MD 21217
6-120.9 mi
Connexions Community Leadership Academy
2801 North Dukeland Street, Baltimore, MD 21216
6-121.3 mi
Renaissance Academy
1301 McCulloh Street, Baltimore, MD 21217
9-120.8 mi
Carver Vocational-Technical High School
2201 Presstman Street, Baltimore, MD 21216
9-120.8 mi
Frederick Douglass High School, Baltimore, MD
2301 Gwynns Falls Parkway, Baltimore, MD 21217
9-120.8 mi
Academy For College And Career Exploration
1300 West 36th Street, Baltimore, MD 21211
6-121.5 mi
Baltimore Design School
1500 Barclay Street, Baltimore, MD 21202
6-101.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 Cumberland St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/27/2025
Listed
$249,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 501 Cumberland St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,616
—
$39,000
-76%
2023
$3,616
—
$159,567
4%
2023
$3,616
4%
$153,233
4%
2022
$3,467
4%
$146,900
4%
2021
$3,337
4%
$141,400
4%
2021
$3,207
5%
$135,900
4%
2020
$3,063
2%
$130,400
2%
2019
$3,011
2%
$127,567
2%
2018
$2,944
2%
$124,733
2%
2017
$2,877
—
$121,900
—
2016
$2,863
—
$121,900
—
2015
$2,877
-3%
$121,900
-2%
2013
$2,954
—
$124,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Own Real Estate, Yana Blackwell

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501 Cumberland Street, Baltimore, MD 21217 (MLS# MDBA2196046) is a Apartment property. 501 Cumberland Street is currently listed for $249,900 and was received on December 27, 2025. Want to learn more about 501 Cumberland Street? Do you have questions about finding other Apartment real estate for sale in Cold Spring? You can browse all Cold Spring real estate or contact a Coldwell Banker agent to request more information.

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