39 E 5th St, Frederick, MD 21701

INVESTOR ALERT: Large lot has development potential to subdivide two TH lots or a duplex lot in the rear off Maxwell Alley. 3 unit multi-family, Two , 2 Bedroom 1 Bath renovated units include kitchen w/ stainless steel appliances, granite counters, stacked washer/dryer, luxury vinyl plank floors, updated : hot water heater & HVAC (2022) in UL, Mini split system & hot water heater installed (2022) in LL. Both units are vacant, ideal opportunity to live in one unit / rent the others. One 1 BR , 1 Bath unit recently renovated and currently rented month to month w/ long term tenant @ $800 a month. New asphalt shingles on rear , front metal roof painted ,and new new gutter system installed Dec 2024. Large lot includes right of way off Maxwell Alley w/ 3 bay garage , 1 rented mo to mo @ $125 a month w/ long term tenant, 2 other bays owner occupied. Off street parking for 10 + cars / opportunity to rent parking. Large yard affords possible future addition or take advantage of Frederick's ADU ordinance. Located in the heart of Frederick's Historic District,, near the MARC commuter rail, walk to restaurants, Carroll Creek park and all downtown living has to offer.