New - 1 hours ago

12 1/2 S WAVERLY TER, Cumberland, MD 21502

$480,000

0.09 Acres

Listing Office: Mountainside Home Realty

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NINE UNIT APARTMENT BUILDING WITH OFF-STREET PARKING LOT. This nine-unit multifamily property presents a strong opportunity for an investor seeking immediate rental income, substantial completed improvements and clear value-add potential. The building consists of seven one-bedroom apartments and two two-bedroom apartments, with five units currently occupied, including a long-term tenant in Unit 6. Most of the apartments have been fully renovated, while Units 7 and 8 are partially completed—already gutted and painted and primarily needing flooring, kitchens and bathrooms—allowing the next owner to finish the remaining work, lease the vacant units and significantly increase the property’s gross income. Approximately $70,000 has already been invested into the property, including extensive interior renovations, new water heaters throughout and a complete renovation of the common areas with new flooring, fresh paint, updated electrical outlets and refinished stairs. The building also offers separate electric meters and laundry rough-ins, creating additional operational and income potential. Also included in the sale is the private parking lot directly across the street, providing dedicated off-street parking for tenants and possible future development potential, subject to local approvals. With existing income, the majority of the renovations already completed, multiple vacant units positioned for completion and lease-up, and an additional parcel included, this property offers several ways for an investor to increase revenue and build long-term value.

Listing Agent: Allyson M. Litten

License Number: WVB210300750

Offered by: Mountainside Home Realty

Office Phone: 3017220190

MLS: #MDAL2015652

BrightMLS

Date Added: 08/31/2026 12:00:00 am

Last Update: 08/31/2026 04:08:05 am

Days on Market: 1

Interior

A/C: None
Heating: true, Baseboard - Electric, Electric
Disability Feature: None

Construction

General: Frame

Location

Originating MLS: BRIGHT_MAIN
School District: ALLEGANY COUNTY PUBLIC SCHOOLS
County: ALLEGANY-MD

Lot

Zoning: R-L, 0122009206
View: City, Mountain

Utilities

Water: Public
Sewer: Public Sewer

Financial

Source: BRIGHT_MAIN

Property

Year Built: 1910
Type: Multi-Family
Neighborhood: Decatur-Heights
Parcel #: 0122009206

Schools

District: ALLEGANY COUNTY PUBLIC SCHOOLS

08/31/2026Active

08/19/2026$480,000

08/19/2026Coming Soon

Listing Broker

Ryan Sigel

1 @

License #: RS340862

Email: [email protected]

Phone: (717) 855-5300

Location: AL

Last Updated: 08/31/2026 04:08:05 am

Offered by: Allyson M. Litten, WVB210300750, 3012687504 @ Mountainside Home Realty

MLS: #MDAL2015652

Source: BrightMLS

<IMG SRC='https://d37ukvrrv3in12.cloudfront.net/mls/logos/IDX_82.png' ALT='IDX'> Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.<BR><BR>The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. <BR> <BR>BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2026 BrightMLS. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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12 1/2 S WAVERLY TER, Cumberland, MD 21502 is a 0.09 Acres, Multi-Family built in 1910.

This property is currently available and was listed by BrightMLS on 08/31/2026 12:00:00 am. The MLS # for the property is MLS #MDAL2015652.

12 1/2 S WAVERLY TER, Cumberland, MD 21502

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