24 HAMILTON Avenue, Frederick, MD 21701
MULTI_FAMILY - FREDERICK, MD
- Added:
- Apr 30, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 15 at 6:06 am
Property Features for 24 HAMILTON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 2,420 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8747
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Number of units
- 4
- Building materials
- Block
Listing agent William Bowman License #665647 (443) 745-2155
Listing office Keller Williams Legacy 1300 Bellona Avenue unit: D, Towson, MD (443) 660-9229
Listing date Apr 30, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑unit property with 1 bed, 1 bath in each unit
- Total monthly income of $5,485
- Assumable FHA loan at 2.25% available; contact listing agent for details
- Zoned for Downtown residential, with potential to add additional units (lot size noted for additional parking)
- Coin‑operated washer and dryer in the basement; one unit can be delivered vacant if purchaser wants to occupy
- Built in 1910 with block construction, forced‑air heating, and central air; driveway and on‑street parking
Overview
The property is located at 24 Hamilton Avenue in Frederick, Maryland, on a 0.1802-acre lot. The site is zoned for Downtown residential, which the seller notes may allow the opportunity to potentially add additional units because the lot is large enough to accommodate additional parking.
For tenants, buyers, or operators seeking a small-scale income property with straightforward unit mix, this configuration offers four independently leased one-bedroom homes. The seller reports total monthly income of $5,485. The remarks also indicate an assumable FHA loan at 2.25% is available, subject to lender approval. Please contact the listing agent for additional details on financing and any lead-free certification documentation.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.7k | $22.20 |
| − Vacancy | −$2.6k | −$1.05 |
| EGI | $51.2k | $21.15 |
| − OpEx | −$15.4k | −$6.34 |
| NOI | $35.8k | $14.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Frederick
- County
- Frederick
- State
- Maryland
- Longitude
- -77.39671
- Latitude
- 39.41023
