70 E College Ave, FROSTBURG, MD

$3,250,000

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74,309

Square feet

4.79

Acres

About 70 E College Ave

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.

Features of 70 E College Ave

MLS® # MDAL2014998
Price $3,250,000
Square Footage 74,309
Acres 4.79
Year Built 1935
Type Commercial Sale
Sub-Type Five Or More Units
Status Active

Community Information

Address 70 E College Ave
Area Frostburg - Allegany County
City FROSTBURG
County ALLEGANY-MD
State MD
Municipality Frostburg
Zip Code 21532

Listing Map

Amenities

Is Waterfront No

Interior

Heating Radiator
Cooling Other

Exterior

Exterior Brick
Construction Brick

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Additional Information

Date Listed June 10th, 2026
Days on Market 110
Zoning C1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTranzon Key