8 Hill Street, Frostburg, MD 21532 - Photo 1

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$245,000 -$10,000 (-3.92%) Price Reduced

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Apartment

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Property Description

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 multifamily asset with stabilized occupancy and room to grow. Do not disturb tenants. All showings by appointment only.

Full Property Details

Full Property Details for 8 Hill St

General

Price: $245,000
Taxes: $3,196 (2025)
Status: Active
Type: Apartment
Source: BrightMLSMidAtlantic
MLS ID: MDAL2014248
Updated: 5/27/2026
Added to Site: 62 day(s) ago

Business

Business Type: Apartment Building

Parking

Total Spaces: 6
Parking Type: Driveway

Location

Area: Frostburg - Allegany County (MDAL8)
Municipality: Frostburg
County: ALLEGANY
Driving Directions: 8 Hill St

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard - Electric
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Block
Building Size: 3780
Year Built: 1935
Year Built Source: Assessor

Unit Information

# Tenants: Single

Lot Features

Lot Size (Acres): 0.14
Lot Size (Sq. Ft.): 6,144
Lot Size Source: Assessor
Zoning: R3

Financial Considerations

Price Per Sq. Ft.: $64.81
Assessment Year: 2026
City/TownTax: $1,344
City/TownTax Freq: Annually
County Tax: $1,852
County Tax Freq: Annually
Tax w/Assessment: $209,967
Tax Amount: $3,196
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple

Listed by Cummings & Co. Realtors, Benjamin J Garner

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Listing agent

— 8 Hill St —

Benjamin J Garner

Cummings & Co. Realtors

Listing Office Email: realtor@cummingsrealtors.com

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Schools

Schools serving 8 Hill St

School District:Allegany County Public Schools

Name	Grades	Distance
Beall Elementary School, Frostburg, MD 3 East College Avenue, Frostburg, MD 21532	PK-5	0.4 mi
Mount Savage Middle School 13201 New School Road Northwest, Mount Savage, MD 21545	6-8	4.1 mi
Mountain Ridge High School 100 Doctor Gasmick Lane, Frostburg, MD 21532	9-12	0.6 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 8 Hill St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/27/2026

Price Reduced

$245,000

-3.92%

MLS

4/28/2026

Price Reduced

$255,000

-3.77%

MLS

4/07/2026

Price Reduced

$265,000

-3.64%

MLS

3/26/2026

Listed

$275,000

37.5%

MLS

6/30/2021

Sold

$200,000

—

Public Record

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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8 Hill Street, Frostburg, MD 21532 (MLS# MDAL2014248) is a Apartment property. 8 Hill Street is currently listed for $245,000 and was received on March 26, 2026. Want to learn more about 8 Hill Street? Do you have questions about finding other Apartment real estate for sale in Frostburg? You can browse all Frostburg real estate or contact a Coldwell Banker agent to request more information.

8 Hill St Frostburg, MD 21532