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$399,000

  • For Sale
  • Active
  • Apartment

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MAJOR PRICE REDUCTION! Investment Property within minutes of I-68 East or West! This timeless gem is well known to the area as it has previously been Bunnies Restaurant and The Cumberland Oil Company! This property currently operates as a 9-unit apartment complex that is turn-key ready! 7 units are occupied with all renters in good standing. Spacious parking, outside of city limits, close to many amenities as you travel west, and close to Downtown Historic Cumberland when travelling East. Make this your next investment!

Full Property Details for 513 National

General

  • Price: $399,000
  • Taxes: $5,243 (2024)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDAL2011188
  • Updated: 7/7/2025
  • Added to Site: 309 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Total Spaces: 18
  • Parking Type: Parking Lot

Location

  • Area: LaVale - Allegany County (MDAL4)
  • County: Allegany
  • Driving Directions: GPS

Heating & Cooling

  • Cooling Type: Ceiling Fan(s)
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating Fuel: Electric
  • Water Heater: Natural Gas, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Concrete
  • Roof: Other
  • Stories/Levels: 0
  • Year Built: 1915
  • Year Built Source: Assessor
  • Property Condition: Average

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.9
  • Lot Size (Sq. Ft.): 39,204
  • Lot Size Source: Estimated
  • Zoning: A

Water Features

  • Water Front Type: Creek

Financial Considerations

  • Price Per Sq. Ft.: $71.25
  • Operating Expenses: $125
  • Assessment Year: 2024
  • Tax w/Assessment: $432,600
  • Tax Amount: $5,243
  • Tax Year: 2024
  • Owner Pays: Water, Sewer, Trash Collection
  • Landlord Pays: Water, Sewer, Trash Collection

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 1

Listed by Coldwell Banker Premier, Amanda R Floyd

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Listing agent

— 513 National —

  • Amanda R Floyd

    Coldwell Banker Premier

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

Price & Sales History for 513 National Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2025
Price Reduced
$399,000
-16.86%
MLS
5/13/2025
Price Reduced
$479,900
-14.65%
MLS
3/14/2025
Listed
$562,300
44.55%
MLS
5/28/2017
Sold
$389,000
—
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.

Tax History for 513 National

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,657
—
$431,100
—
2023
$4,657
—
$432,600
1%
2023
$4,657
-4%
$428,433
2%
2020
$4,859
—
$420,100
6%
2021
$4,859
7%
$397,600
6%
2020
$4,546
7%
$375,100
6%
2019
$4,238
—
$352,600
—
2018
$4,221
2%
$351,433
—
2017
$4,151
1%
$350,267
—
2016
$4,124
10%
$349,100
11%
2015
$3,735
13%
$313,333
13%
2014
$3,312
—
$277,567
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Coldwell Banker Premier, Amanda R Floyd

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513 National, Lavale, MD 21502 (MLS# MDAL2011188) is a Apartment property. 513 National is currently listed for $399,000 and was received on March 14, 2025. Want to learn more about 513 National? Do you have questions about finding other Apartment real estate for sale in Lavale? You can browse all Lavale real estate or contact a Coldwell Banker agent to request more information.

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