8 Hill St, Frostburg, MD 21532 For Sale

8 Hill St, Frostburg, MD 21532 — 6-Unit Multifamily Investment

A rare turnkey opportunity in the heart of Frostburg — this fully stabilized 6-unit apartment building delivers immediate cash flow with significant upside for the savvy investor.

The property consists of six spacious 2-bedroom/1-bathroom units, five of which are currently occupied with paying tenants. All leases are month-to-month, giving a new owner maximum flexibility to reposition rents, renovate units on turnover, or transition tenants as needed — on your timeline, not theirs.

Current rents are below market rate, creating a compelling value-add play. With modest rent adjustments aligned to current market conditions, this asset has the potential to achieve a double-digit cap rate — a figure increasingly difficult to find in today's multifamily market.

Investment Highlights:

• 6 units | All 2BD/1BA
• 5 of 6 units occupied — cash flowing from day one
• Below-market rents with clear upside potential
• Month-to-month leases offer immediate repositioning flexibility
• Double-digit cap rate potential
• Frostburg location — home to Frostburg State University, providing a consistent rental demand base

Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer ready to house-hack or scale, 8 Hill St offers the fundamentals that matter: occupancy, flexibility, and room to grow.