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$475,000 -$124,500 (-20.77%) Price Reduced

  • For Sale
  • Active
  • Commercial Multi-Family
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Attention Investors!! 7 unit apartment complex central to downtown Frostburg. Minutes from the Great Allegany Passage( Gap Trail) , and less than one mile from Frostburg State University!Very well maintained and zoned C3 vibrant mixed use town center commercial district. This means that this property is suitable for the downtown/ town-center area which typically allows a mix of retail, office, residential above the ground floor, and other compatible uses as outlined in the city's zoning ordinance.Units are long term tenants and one unit is furnished and vacant for owner's personal use and can easily be rented for additional income. Great investment opportunity on so many levels! Won't last!!

Full Property Details for 27 First St

General

  • Price: $475,000
  • Taxes: $1,107 (2026)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDAL2013942
  • Updated: 6/1/2026
  • Added to Site: 80 day(s) ago

Business

  • Business Type: Other

Interior

  • Flooring: Carpet, Ceramic Tile, Hardwood, Luxury Vinyl Tile, Vinyl

Rooms

Bathrooms

  • Restrooms: 7

Additional Information

  • Security/Safety: Smoke Detector

Parking

  • Total Spaces: 9
  • Parking Features: Paved Parking
  • Parking Type: Parking Lot

Location

  • Area: Frostburg - Allegany County (MDAL8)
  • Municipality: FROSTBURG
  • County: ALLEGANY
  • Driving Directions: Gps
  • City Limits: Yes

School Information

  • Elementary School: Frost
  • Middle School: Mount Savage
  • High School: Mountain Ridge

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV, Cable TV Available, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone Available, Sewer Available, Water Available

Structural Information

  • Construction: Brick Front, Brick, Vinyl Siding
  • Foundation: Stone
  • Roof: Asbestos Shingle, Rubber
  • Ceiling Height: 8' to 10'
  • Building Size: 6500
  • Year Built: 1921
  • Year Built Source: Estimated
  • Property Condition: Very Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Property View: Courtyard, Garden/Lawn, Mountain, Scenic Vista
  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,615
  • Lot Size Source: Estimated
  • Fence: Yes
  • Zoning: R2
  • Lot Description: Additional Lot(s), Cleared, Corner, Irregular, Rear Yard, Road Frontage, SideYard(s), Sloping

Financial Considerations

  • Price Per Sq. Ft.: $73.08
  • Operating Expenses: $4,897
  • Assessment Year: 2026
  • Tax w/Assessment: $236,300
  • Tax Amount: $1,107
  • Tax Year: 2026

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes

Listed by Sullivan Select, LLC., Cynthia R Sullivan

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Listing agent

— 27 First St —

  • Cynthia R Sullivan

    Sullivan Select, LLC.

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 27 First St

School District:Allegany County Public Schools
NameGradesDistance
Frost Elementary School
260 Shaw Street, Frostburg, MD 21532
PK-50.9 mi
Mount Savage Middle School
13201 New School Road Northwest, Mount Savage, MD 21545
6-83.9 mi
Mountain Ridge High School
100 Doctor Gasmick Lane, Frostburg, MD 21532
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 27 First St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/01/2026
Price Reduced
$475,000
-20.77%
MLS
3/16/2026
Listed
$599,500
—
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.

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NMLS#: 1598647

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Listed by Sullivan Select, LLC., Cynthia R Sullivan

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27 First Street, Frostburg, MD 21532 (MLS# MDAL2013942) is a Commercial Multi-Family property. 27 First Street is currently listed for $475,000 and was received on March 16, 2026. Want to learn more about 27 First Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Frostburg? You can browse all Frostburg real estate or contact a Coldwell Banker agent to request more information.

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