Wonderful three-unit apartment building in Downtown Frederick. Steps to MSD and the center of Downtown. Great opportunity to live in one unit and rent the other two, or rent all three! The floor plan of each unit is available in the photos. The building has been owned by the sellers since the 1960's. They used the building as a living space for their staff. The monthly rent amount collected is below market value. There are no written leases in place currently, only verbal. Unit 1 is unoccupied (includes washer/dryer in unit). Unit 2 is occupied at $750 a month and Unit 3 is occupied at $850 a month (the washer/dryer for units 2 & 3 are on the lower level). Heat is included with current rent amounts. In the winter gas runs about $600 a month. Water is also included in the current rent at $200 every quarter. The market value for rent for Units 1 & 2 is about $1450 per month and Unit 3 is about $1550 per month. Each unit is separately metered with individual electric meters. The building owner does pay for power for the water heater and shared areas, which is about $188 every month. Sellers will convey property occupied with current tenants and arrangements. Disclosures in the MLS. Please allow 24 hours for showing requests.
Sold for $550,000 on 06/17/24
$550,000
230 S Market St, Frederick, MD 21701
3beds
--baths
2,880sqft
Townhouse
Built in 1865
-- sqft lot
$560,500 Zestimate®
$191/sqft
$1,653 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 17, 2024 at 03:16am
Listed by:
Bobbi Prescott 301-514-6163,
RE/MAX Results,
Listing Team: Bobbi Prescott & Associates
Bought with:
Rose Creasey, 583737
Turning Point Real Estate
Source: Bright MLS,MLS#: MDFR2046960

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Basement
- Area: 960
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,840
- Total interior livable area: 2,880 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,348 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 1102104016
- Zoning: DR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1865
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Frederick
- Municipality: Frederick City
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Services availability

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