Allegany County, Frostburg, MD 21532

FROSTBURG, MD MULTI-FAMILY VALUE-ADD | STUDENT HOUSING UPSIDE 8 Hill St, Frostburg, MD 21532Asking Price: $219,000Estimated ARV: $350,000 - $400,000Closing: August 24, 2026 6-unit multi-family steps from Frostburg State University — strong bones, immediate cash flow, and serious upside for investors ready to capitalize on student housing demand. Currently 5/6 units occupied on month-to-month leases with a clear path to premium by-the-bed rents. Property Snapshot Property Type: Multi-Family (6 Units) Unit Mix: Six 2 Bed / 1 Bath apartments Total Bedrooms / Bathrooms: 12 Bed / 6 Bath Living Area: 3,780 Sq Ft Lot Size: 0.14 Acres Year Built: 1935 Each unit includes in-unit washer & dryer Condition Overview Built in 1935 — good bones with value-add opportunity throughout. Cosmetic and strategic upgrades (study stations, internet infrastructure, modern finishes) can unlock premium student rental rates. Buyer to verify all systems and current rent roll. Why This Deal Works 5/6 units occupied — cash flow from day one Walking distance to Frostburg State = built-in tenant pipeline By-the-bed conversion potential drives significantly higher gross revenue Month-to-month leases offer flexibility to reposition quickly Strong ARV spread at $219K ask Ideal for: Buy & Hold, BRRRR, Student Housing Conversion SUBMIT YOUR HIGHEST & BEST OFFER!