214 S Central Ave · Cumberland, MD 21502

$115,000

9 bd · 3.0 ba · 2,052 sqft · SingleFamily public records · 79 Days on market

Built 1915 2,100 sqft lot $56/sqft · 51% above area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

CALLING ALL INVESTORS!!! Unlock the potential of this income-producing triplex in Cumberland, MD! Situated on a corner lot, this property features 3 one-bedroom, one-bath units, with potential for a 4th unit for owner-occupant setup. Each unit includes a stove and refrigerator, and the main-level unit features a newer stove. This property offers natural gas radiator heat, though the radiators do show evidence of needing repair, and ceiling repair work is needed in the main-level kitchen. With the right vision and updates, this could be an excellent opportunity for an investor looking to expand their portfolio or an owner-occupant seeking added rental income. Conveniently located near shopping, restaurants, and medical facilities, this property is also just minutes from Downtown Cumberland’s walking mall, I-68 East and West, the Western Maryland Scenic Railroad, the Great Allegheny Passage, and the C & O Canal towpath. Priced to sell, this is a value-packed investment opportunity with strong upside potential. Call today to schedule your tour!

Key facts

• Newer stove
• Corner lot
• 2,100 sq ft lot

Tags

• INCOME PRODUCING TRIPLEX
• CORNER LOT
• NATURAL GAS RADIATOR HEAT
• NEWER STOVE
• GREAT ALLEGHENY PASSAGE
• C AND O CANAL TOWPATH

What this means for you Summary

Snapshot

• This is a 9-bed/3.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $560 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 6.7% in Cumberland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#64 in MD, #2,385 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Allegany County Public Schools (other): math 15% / reading 30% proficiency, ranked #18 of 24 in MD (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: West Side Elementary (math 17% / reading 27%, grade F, #297 of 860 statewide, top 38%, 305 students, 69% FRL); Braddock Middle (math 13% / reading 33%, grade F, #122 of 225 statewide, top 54%, 603 students, 60% FRL); Allegany High (math 42% / reading 62%, grade D+, #100 of 222 statewide, top 47%, 684 students, 54% FRL).
• Market conditions: Rents rising fast (+10.9%/yr); 238 active listings in the ZIP; 24 units permitted in Allegany County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Allegany County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $85k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 12.14%
• Cash-on-cash: 20.87%
• DSCR: 1.93
• GRM: 6.0

CMA / ARV

• ARV (median comp): $76,078
• List price: $115,000
• Delta: 51.16%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 18.4%
• Equity multiple: 1.79×
• Total profit: $25,418
• Equity at exit: $17,147

10-year hold

• IRR: 29.9%
• Equity multiple: 4.30×
• Total profit: $106,270
• Equity at exit: $9,943

Cash invested: $32,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21502

• Home prices YoY: -17.4%
• Rents YoY: 10.9%
• Active inventory: 238
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,595 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$49 /mo · $587/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $560

Break-even live

Break-even rent $886

Max offer price $115,000

Occupancy floor 60%

Sensitivity live

Price	-10% $625	-5% $592	+0% $560	+5% $527	+10% $495
Rent	-10% $434	-5% $497	+0% $560	+5% $623	+10% $686
Rate	-1.0pp $618	-0.5pp $589	base $560	+0.5pp $530	+1.0pp $500

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-21
   days on market $115,000 Active 79 DOM
2. 2026-06-19
   days on market $115,000 Active 77 DOM
3. 2026-06-18
   days on market $115,000 Active 76 DOM
4. 2026-06-17
   days on market $115,000 Active 75 DOM
5. 2026-06-16
   days on market $115,000 Active 74 DOM
6. 2026-06-15
   days on market $115,000 Active 73 DOM
7. 2026-06-14
   days on market $115,000 Active 71 DOM
8. 2026-06-12
   days on market $115,000 Active 70 DOM
9. 2026-06-09
   days on market $115,000 Active 67 DOM
10. 2026-06-08
    days on market $115,000 Active 66 DOM
11. 2026-06-07
    days on market $115,000 Active 65 DOM
12. 2026-06-02
    days on market $115,000 Active 60 DOM
13. 2026-06-01
    days on market $115,000 Active 59 DOM
14. 2026-05-31
    days on market $115,000 Active 58 DOM
15. 2026-05-30
    days on market $115,000 Active 57 DOM
16. 2026-04-03
    listed $115,000 Active 1068-char remark

    Show marketing remark (1068 chars)

    CALLING ALL INVESTORS!!! Unlock the potential of this income-producing triplex in Cumberland, MD! Situated on a corner lot, this property features 3 one-bedroom, one-bath units, with potential for a 4th unit for owner-occupant setup. Each unit includes a stove and refrigerator, and the main-level unit features a newer stove. This property offers natural gas radiator heat, though the radiators do show evidence of needing repair, and ceiling repair work is needed in the main-level kitchen. With the right vision and updates, this could be an excellent opportunity for an investor looking to expand their portfolio or an owner-occupant seeking added rental income. Conveniently located near shopping, restaurants, and medical facilities, this property is also just minutes from Downtown Cumberland’s walking mall, I-68 East and West, the Western Maryland Scenic Railroad, the Great Allegheny Passage, and the C & O Canal towpath. Priced to sell, this is a value-packed investment opportunity with strong upside potential. Call today to schedule your tour!

17. 2023-08-23
    soldstatus $85,000
18. 2023-07-28
    soldstatus $85,000 Closed 174-char remark

    Show marketing remark (174 chars)

    Good investment! Fully occupied 3 units with gross rent of $1,950 per month. Owners pay heat and water. One bedroom and 2 efficiencies included. 24 hour notice for showings.

19. 2023-07-17
    historical Active Under Contract 174-char remark

    Show marketing remark (174 chars)

    Good investment! Fully occupied 3 units with gross rent of $1,950 per month. Owners pay heat and water. One bedroom and 2 efficiencies included. 24 hour notice for showings.

20. 2023-06-12
    listed $100,000 Active 174-char remark

    Show marketing remark (174 chars)

    Good investment! Fully occupied 3 units with gross rent of $1,950 per month. Owners pay heat and water. One bedroom and 2 efficiencies included. 24 hour notice for showings.

21. 2023-06-10
    historical $100,000 174-char remark

    Show marketing remark (174 chars)

    Good investment! Fully occupied 3 units with gross rent of $1,950 per month. Owners pay heat and water. One bedroom and 2 efficiencies included. 24 hour notice for showings.

22. 2015-05-27
    soldstatus $27,000
23. 2015-05-22
    soldstatus $27,000 Sold
24. 2015-05-22
    soldstatus $27,000
25. 2015-04-10
    status Contract
26. 2015-04-06
    historical
27. 2015-03-13
    price $29,900
28. 2015-01-28
    listed $34,900 Active
29. 2015-01-28
    listed $29,900
30. 2014-12-05
    historical
31. 2014-12-05
    historical Expired
32. 2014-08-22
    price
33. 2014-04-08
    listed Active
34. 2014-04-08
    listed $39,900
35. 2011-11-28
    soldstatus $32,000 Sold
36. 2011-11-28
    soldstatus $32,000
37. 2011-09-06
    historical
38. 2011-09-06
    historical
39. 2011-09-05
    status Contract
40. 2011-09-04
    status Contract
41. 2011-09-04
    historical
42. 2011-02-21
    listed Active
43. 2011-02-21
    listed $41,540
44. 2011-02-10
    listed $41,540 Active
45. 2011-02-10
    listed $41,540
46. 2011-01-10
    historical
47. 2011-01-10
    historical Expired
48. 2010-11-04
    price
49. 2010-08-24
    price
50. 2010-07-13
    listed Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $587 · $49/mo
• Projected year-2 tax: $920 · $77/mo
• Expected delta: +$333/yr (+$28/mo · 56.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,136
• − Mortgage interest: −$6,442
• − Property taxes: −$587
• − Insurance: −$575
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$3,345
• Taxable income: $5,125
• Est. tax owed @ 24.0%: −$1,230
• After-tax cash flow: $5,489/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Allegany County Public Schools
• NCES district ID: 2400030
• Math proficiency: 15% ▼ -26.00%
• Reading proficiency: 30% ▼ -20.00%
• Median HH income: $39,760
• Composite: 18.95/100
• National rank: #8854
• State rank: #18 of 24 in MD

Livability — Cumberland

• Score: 78/100
• State rank: #64
• US rank: #2385

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cumberland, MD
• County: Allegany County · 41,015 people
• City population: 41,015
• Metro: Cumberland, MD-WV
• Population (ZIP): 41,015
• Household income: $60,725
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 824.0

Population outlook (Allegany County) Hauer SSP2

• Today (2025): 68,778 people
• By 2030: 66,766 · -2.9%
• By 2040: 62,784 · -8.7%
• By 2050: 59,179 · -14.0%
• By 2075: 50,732 · -26.2%
• By 2100: 40,837 · -40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 9% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Slovak 3% Romanian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Allegany

• 2024 margin: Solid R (+40.3) · D 28.9% · R 69.2% · Other 2.0%
• 2008→2024 swing: -14.4pp toward R · 2008: -25.9pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+38.3 2016: R+48.0 2012: R+32.9 2008: R+25.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.33%
• Current HPI: 258.6676
• Rent YoY: ▲ 10.88%
• Metro: Cumberland, MD-WV
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+113.4% since first listed

36 events — show timeline

• 2026-04-03 Listed $115,000 BRIGHT MLS
• 2023-08-23 Sold (Public Records) $85,000 Public Records
• 2023-07-28 Sold (MLS) $85,000 BRIGHT MLS
• 2023-07-17 Contingent — BRIGHT MLS
• 2023-06-12 Listed $100,000 BRIGHT MLS
• 2023-06-10 Coming Soon $100,000 BRIGHT MLS
• 2015-05-27 Sold (Public Records) $27,000 Public Records
• 2015-05-22 Sold (MLS) $27,000 BRIGHT MLS
• 2015-05-22 Sold (MLS) $27,000 MRIS
• 2015-04-10 Pending — MRIS
• 2015-04-06 Listing Removed — BRIGHT MLS
• 2015-03-13 Price Changed $29,900 MRIS
• 2015-01-28 Listed $34,900 MRIS
• 2015-01-28 Listed $29,900 BRIGHT MLS
• 2014-12-05 Delisted — MRIS
• 2014-12-05 Listing Removed — BRIGHT MLS
• 2014-08-22 Price Changed — MRIS
• 2014-04-08 Listed — MRIS
• 2014-04-08 Listed $39,900 BRIGHT MLS
• 2011-11-28 Sold (MLS) $32,000 BRIGHT MLS
• 2011-11-28 Sold (MLS) $32,000 MRIS
• 2011-09-06 Delisted — MRIS
• 2011-09-06 Listing Removed — BRIGHT MLS
• 2011-09-05 Pending — MRIS
• 2011-09-04 Pending — MRIS
• 2011-09-04 Listing Removed — BRIGHT MLS
• 2011-02-21 Listed — MRIS
• 2011-02-21 Listed $41,540 BRIGHT MLS
• 2011-02-10 Listed $41,540 MRIS
• 2011-02-10 Listed $41,540 BRIGHT MLS
• 2011-01-10 Listing Removed — BRIGHT MLS
• 2011-01-10 Delisted — MRIS
• 2010-11-04 Price Changed — MRIS
• 2010-08-24 Price Changed — MRIS
• 2010-07-13 Listed — MRIS
• 2010-07-13 Listed $53,900 BRIGHT MLS

Property tax history

+2.7%/yr

Latest (2025): $587 · +14.1% YoY. Source: county tax records.