Rare opportunity to own a fully renovated multi-family home in the heart of Downtown Frederick, featuring two separately metered units on one deed - perfect for investors, house hackers, or owner-occupants. Both units offer identical 2-bedroom, 1-bathroom layouts with access to a spacious backyard and off-street parking. Unit 114 has been beautifully updated with new laminate flooring, fresh paint, new appliances, and a remodeled bathroom. Unit 116 is tenant-occupied and currently rented at $1,900/month with a lease in place through February 28, 2026, providing immediate rental income. Major renovations were completed in 2013, including new siding, drywall, plumbing, electrical, and windows. The roof was replaced in 2018. Located just minutes from shops, restaurants, nightlife, and the MARC train, this property offers unmatched walkability and long-term upside. Live in one unit and rent the other, lease both for consistent cash flow, or convert into a single-family home - this Downtown gem is filled with potential.
Sold for $537,000 on 06/26/25
$537,000
114 Water Thru St #116, Frederick, MD 21701
4beds
--baths
1,900sqft
Townhouse
Built in 1810
-- sqft lot
$538,200 Zestimate®
$283/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 06, 2025 at 11:36pm
Listed by:
Omar Flores 301-800-8787,
LPT Realty, LLC,
Co-Listing Agent: Lisa Elizabeth Caponiti 301-466-8430,
LPT Realty, LLC
Bought with:
Amos Martin, 17834
VCRE.CO
Source: Bright MLS,MLS#: MDFR2064938

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 350
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,250
- Total interior livable area: 1,900 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,250 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 1102123207
- Zoning: DR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional,Other
- Property subtype: Townhouse
Materials
- Frame
- Foundation: Other
Condition
- New construction: No
- Year built: 1810
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Frederick
- Municipality: Frederick City
HOA & financial
Other financial information
- Total actual rent: 22800
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Services availability

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