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$2,500,000
10 Days On Site

70 E COLLEGE AVENUE
FROSTBURG, MD21532

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
74,309
SqFt
$34
/SqFt
1935
Built
County:
ALLEGANY
Listing courtesy of Tranzon Key
Call Now: 443.632.3000
Is this the listing for you? We can help make it yours.
443.632.3000
70 E COLLEGE AVENUE70 E COLLEGE AVENUE70 E COLLEGE AVENUE70 E COLLEGE AVENUE
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Monthly Payment (Est.)

$11,406
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Auction of huge student housing portfolio. Online bidding ends June 25th at noon. This premier 43-property (59-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). List price is opening bid. Actual price to be detrermined at auction. 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.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
10 Days
Bedrooms 
N/A
Inside Area (SqFt) 
74,309 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
4.79 Acres
Year Built 
1935
MLS® Number 
MDAL2014998
Status 
Active
Property Tax 
$72,399
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
4.79
Parking 
Other
Sewer 
Public Sewer
Special Circumstances 
Auction
SqFt Total 
74309
Water Source 
Public
Zoning 
C1
Interior Features
Cooling 
Other
Heating 
Radiant
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
Frostburg - Allegany County (MDAL8)
School District 
ALLEGANY COUNTY PUBLIC SCHOOLS
Schools
School District
ALLEGANY COUNTY PUBLIC SCHOOLS
Elementary School
BEALL
Middle School
MOUNT SAVAGE
High School
MOUNTAIN RIDGE
Listing courtesy of Tranzon Key



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Neighborhood & Commute
Source: Walkscore
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