2 Altamont Ter, CUMBERLAND, MD

$649,000

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5,984

Square feet

0.10

Acres

About 2 Altamont Ter

Exceptional investment opportunity! This professionally managed 11-unit multifamily property offers immediate cash flow and is almost fully occupied, providing investors with stable income from day one and strong long-term upside. The property features a desirable unit mix, coin-operated laundry for additional revenue, and a proven rental history. Investors will appreciate the combination of in-place income, value-add potential through future rent optimization, and a well-maintained asset positioned for continued performance. Conveniently located in Cumberland with easy access to local amenities, employment centers, and transportation. Whether you're expanding your portfolio or completing a 1031 exchange, this turnkey multifamily investment presents an outstanding opportunity for dependable cash flow and long-term appreciation.

Features of 2 Altamont Ter

MLS® # MDAL2014962
Price $649,000
Total Number Of Units 11
Square Footage 5,984
Acres 0.10
Year Built 1898
Type Commercial Sale
Sub-Type Five Or More Units
Status Active

Community Information

Address 2 Altamont Ter
Area W Cumberland - Allegany County
City CUMBERLAND
County ALLEGANY-MD
State MD
Municipality Cumberland
Zip Code 21502

Amenities

View City, Mountain
Is Waterfront No

Interior

Heating Baseboard - Electric
Cooling Window Unit(s)
# of Stories 4

Exterior

Exterior Brick
Roof Shingle
Construction Brick

Additional Information

Date Listed June 20th, 2026
Days on Market 73
Zoning R-L
Foreclosure No
Short Sale No
RE / Bank Owned No
Business Use Apartment Building

Listing Details

OfficeREMAX Platinum Realty

Listing Map

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