$3,250,000 70 COLLEGE AVENUE , FROSTBURG

• MLS#:MDAL2014998
• Property Type: Commercial Sale
• Address: 70 COLLEGE AVENUE
• City / Zip:FROSTBURG, MD 21532
• Area:FROSTBURG
• County:ALLEGANY
• Heated Sq Ft:74,309
• Building Sq Ft:74,309
• Acres:4.79
• Year Built:1935
• Zoning:C1
• Date Listed:06/10/2026

Agent's Comments

Huge student housing portfolio. 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). 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 provided courtesy of the MLS.

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