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About the Listing TRAF1 - 120298,74387
Huge student housing portfolio. This premier 41-property (57-unit) student housing portfolio in Frostburg, MD, offers an exceptional, turn-key investment opportunity directly serving Frostburg State University. This stabilized portfolio delivers immediate cash flow, strong historical valuation growth, and a built-in tenant pipeline right next to Frostburg State University (FSU). Immediate Income: Generated a proven $448,850 in gross income for the 2025 calendar year. Rapid Equity Growth: Appraised at $4,564,800 in 2022, with current algorithmic valuations tracking at $5,863,600, showcasing substantial market appreciation. Prime Location: Strategic cluster of 43 properties, all situated within convenient walking distance to the FSU campus, ensuring perpetual student demand. Risk Mitigation: Pre-leased revenue secured with numerous student leases already signed and executed for the upcoming 2026/2027 academic year. Scalable Operations: Rare opportunity to acquire immediate, dominant market share in a stable university submarket.
Listing Highlights for 180 Bowery St
Status
Active
Days on Site
154
Property Type
Commercial Sale
MLS ®
MDAL2014998
Year Built
1935
Total Square Footage
74,309
Lot/Acreage
4.79
County
Allegany
School District
Allegany County Public Schools
Elementary School
Beall
Middle School
Mount Savage
High School
Mountain Ridge
Interior Details
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: C1
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,226
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
180 Bowery St Frostburg, MD 21532
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