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
Offer insights
201 Spring St · $185,000
$183K and above
75% chance or better to win
Why $183K+ is a strong offer
DAYS ON MARKET
46 days
The average home goes pending in 102 days.
SALE-TO-LIST
100.6%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Second kitchen
Paneled, plaster and drywall walls/ceilings
Bedrooms
Two 3-bedroom units
Kitchen
Refrigerator
Stove
Flooring
Laminate
Vinyl
Wood
Heating & cooling
Forced air heating
Space heaters
Natural gas heating fuel
Electric hot water
Exterior features
Corner, level lot
Located in city limits
Cross street: Elm St
Home design
3-story multi-unit building
Two-unit property
Parking
On-street parking
Construction
Brick construction
Metal roof
Double-pane windows
Above-grade and below-grade structures
Effective major renovation in 2022
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.
BRIGHT MLS #1007057806
Apr 1, 2015
Listing Removed
—
Mar 3, 2014
Listed
$129,900
$39/sq ft
Public Records
Aug 1, 2006
Sold
$138,000
$42/sq ft
Public Records
Nov 30, 2004
Sold
$75,000
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$1,058 (+18.2%)
$3,000 + $110,600
$113,600
2025
$895 (+16.9%)
$3,000 + $110,600
$113,600
2024
$766 (+27.8%)
2022
$599 (+0.3%)
$3,000 + $62,800
$65,800
2021
$597 (+3.7%)
2020
$576 (−0.6%)
2019
$579 (−1.7%)
$3,000 + $59,000
$62,000
2018
$589 (+0.7%)
2017
$585 (+6.1%)
$3,000 + $58,900
$61,900
2016
$551 (+3.0%)
2015
$535 (+1.0%)
$3,300 + $52,700
$56,000
2014
$530 (+0.6%)
2013
$527 (−21.6%)
2012
$672 (−0.8%)
2011
$677
2010
$677 (+4.4%)
2009
$648
Public record
Public record
Permits
Beds
—
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3,375 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,316
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,316
Year built
1900
Style
Single Family Residential
County
Allegany County
APN
04 018567
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 7, 2026.
Jul 20, 2005 • Active
Electrical
Work on a residential building.
Electrical
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
52
83
62
87
67
81
61
78
56
67
44
55
37
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Cumberland. 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
$182,923
$2,077 under list price of $185K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $45K to $185K.