A compelling investment opportunity featuring a rare unit configuration, substantial recent improvements and a strategic location within Cumberland’s ongoing revitalization. This expansive all-brick duplex offers approximately 2,668 finished square feet across three levels, with two separately metered units. The main-level residence features three bedrooms and one full bath, while the upper residence spans the second and third floors with four bedrooms, two full baths and an additional kitchen area. The layout may also offer potential for conversion into a third unit, subject to all required zoning, permitting and municipal approvals. Major foundation repairs have recently been completed, representing a significant structural investment in the property. A metal roof, fenced rear yard, public water and sewer, and convenient on-street parking add to its appeal. One unit is currently leased and the other is vacant, offering immediate income together with flexibility for lease-up, owner occupancy or future repositioning. Located at Spring and Elm, the property is just steps from Queen City Centre, with grocery shopping, restaurants and everyday conveniences nearby. Historic downtown Cumberland, Canal Place, the Western Maryland Scenic Railroad, the C & O Canal Towpath, the Great Allegheny Passage and I-68 are all just minutes away.
Rolling Mills, located between Downtown Cumberland and the Potomac River, is a historic and industrial Cumberland neighborhood with brick mill-era streetscapes and rail-side grit. The neighborhood’s character concentrates around the Western Maryland Scenic Railroad depot area on W. Harrison Street, where excursion trains, small galleries, and café counters set a steady hum. The Allegany Museum and the Cumberland Theatre act as cultural anchors for an evening-out rhythm. Rowhouses and older commercial blocks mix with warehouse forms that hint at the area’s manufacturing past. The C&O Canal Towpath and Great Allegheny Passage thread nearby, shaping a walk-and-ride routine along the water. Views of the Narrows and surrounding ridgelines keep the landscape present at street level.
Provided by Walk Score and Local Logic
Market insights
201 Spring St · $190,000
DAYS ON MARKET
10 days
The average home goes pending in 50 days.
SALE-TO-LIST
99.5%
Most homes are selling 1% below list price.
LIST PRICE
$190,000
Median sale price in this area is $184,490. (3% lower than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Second kitchen
Paneled walls
Plaster walls
Drywall
Bedrooms
Two three-bedroom units
Kitchen
Refrigerator
Stove
Flooring
Laminate
Vinyl
Wood
Heating & cooling
Forced air heating
Space heater
Natural gas heating fuel
Electric hot water
Exterior features
Corner lot
Level lot
Above grade and below grade structures
Home design
Brick construction
Metal roof
Three total levels
Two-unit multifamily property
Located in city limits (Cumberland)
Corner lot/unit location
Parking
On-street parking
Construction
Built/majorly remodeled in 2022 (effective year)
Double-pane windows
Utilities
Public water
Public sewer
Financial info
Fee simple ownership
Electricity and solar
View estimated energy costs and solar savings for this home
Contract fell through- Now is your chance * * * * Investors- dont miss this investment opprotunity- 2 very large 3-4 bedroom UNITS that are separate metered- builing is freshly painted and shows well. Unit A is a three bedroom one bath unit on bottom floor that leads to fenced yard and street side parking. Unit B is a 4 bedroom 2 full bath unit. located on 2nd and 3rd floor. 3rd floor is like an inlaw apartment with own kitchen and bath. Possible to convert unit B the 4 bedroom unit into 2 units with Modification per the county. Currently only bottom floor unit is vacant and can show anytime. unit 2 will need 24 hours notice as is a new tenant. Long term tenant in unit A recently moved out of state. Nice location , near shopping and in new development area of Cumberland. Exterior of building is all brick, and has a metal roof, fenced yard and convenient to shopping that is in walking distance. Owner just freshly painted the exterior of this large all brick building. other houses in immedate area are being renovated. Unit B rents 1050.00 per month and we are asking 875.00 for unit A that is about $1925.00 gross monthly rental income.
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Cumberland, MD • 21502
Average low and high temperatures (°F)
35
20
43
26
61
37
69
46
71
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83
62
87
68
81
61
77
57
67
44
55
37
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 201 Spring St
$189,465
$535 under list price of $190K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $28K to $258K.