Getting your feet wet as a landlord? This might be a good start! Four 1-bedroom units, 2 up and 2 down, with one very long-term tenant, and with some sweat equity, the garage out back was at one time another full 2-level apartment with two rooms, a living room, and a kitchen. It hasn't been rented since we gutted this for anyone to remodel and get ready for owner living or renting; however, it is counted as the 5th (back house) for futuristic additional income potential. The roof is in good condition. Each tenant paid for their own heat with gas space heaters, and they also pay for their own electricity. All have separate meters. All 4 apartments had been rented until recently, and we do not plan to rent due to our quick sales plan. One long-term tenant is continued, who maintains the yard, etc., for the landlord. So 3 apartments are vacant, the back house is gutted for a remodel, and one is occupied by a long-term tenant.
Sold for $66,000
$66,000
416 Grand Ave, Cumberland, MD 21502
4beds
3,304sqft
MultiFamily
Built in 1915
-- sqft lot
$68,000 Zestimate®
$20/sqft
$1,079 Estimated rent
Home value
$68,000
$65,000 - $71,000
$1,079/mo
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Other
Features
- Basement: Partially finished
- Has fireplace: No
Interior area
- Total interior livable area: 3,304 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 4,000 Square Feet
Details
- Parcel number: 04045688
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Shake / Shingle
Condition
- Year built: 1915
Community & HOA
Location
- Region: Cumberland
Financial & listing details
- Price per square foot: $20/sqft
- Tax assessed value: $80,400
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $66,000-27.5%$20/sqft |
Source: Public Record Report a problem | ||
| 2/23/2026 | Listed for sale | $91,000+16.7%$28/sqft |
Source: Owner Report a problem | ||
| 6/17/2021 | Sold | $78,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $80,400 +4% |
| 2024 | $1,543 +4.5% | $77,300 +4.2% |
| 2023 | $1,476 +2.5% | $74,200 |
| 2022 | $1,440 +1.7% | $74,200 +4.9% |
| 2021 | $1,417 +3.3% | $70,733 +2.5% |
| 2020 | $1,372 +8.1% | $69,000 |
| 2019 | $1,269 +128.9% | $69,000 +18.3% |
| 2018 | $554 +11.8% | $58,333 +10.1% |
| 2017 | $496 -2.3% | $53,000 |
| 2016 | $508 -9.8% | $53,000 |
| 2015 | $563 | $53,000 -9.1% |
| 2014 | $563 | $58,300 |
| 2013 | -- | $58,300 |
| 2012 | -- | $58,300 -5% |
| 2011 | -- | $61,400 +3.8% |
| 2010 | -- | $59,156 +4% |
| 2009 | -- | $56,903 +4.1% |
| 2008 | -- | $54,650 +4.8% |
| 2007 | -- | $52,162 +5% |
| 2006 | -- | $49,676 +5.3% |
| 2005 | -- | $47,190 +2.9% |
| 2004 | -- | $45,882 +2.9% |
| 2003 | -- | $44,576 +3% |
| 2002 | -- | $43,270 +1.1% |
| 2001 | -- | $42,780 |
Find assessor info on the county website
Neighborhood: Chapel Hill-Virginia Avenue
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Nearby schools
GreatSchools rating
- 3/10South Penn Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Washington Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Fort Hill High SchoolGrades: 9-12Distance: 1 mi
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