Downtown Frederick Apartment Building Investment

241 E 2ND St, Frederick, MD 21701

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For Sale

$850,000

Well-maintained 6-unit apartment building in a prime downtown location.

Type:Commercial

HighLights

Prime Downtown Frederick location near Eveready Square and Market Street.
Strong income potential with a well‑maintained 6‑unit apartment building.
Desirable unit mix: three 1‑bedroom, two 2‑bedroom, and one studio apartment.
Private parking lot - a rare amenity in downtown.
Updated bathrooms, generously sized kitchens, and new electric baseboard heating in each unit.
High walkScore of 95, Walker's Paradise.

We can help!

Listing Contact

Kelsey M Norris

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For Sale

$850,000

Well-maintained 6-unit apartment building in a prime downtown location.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 4:07 pm

Property Features for 241 E 2ND St

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

Kelsey M Norris

Listing agent Kelsey M Norris

Listing office CHARIS REALTY GROUP

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CHARIS REALTY GROUP

HighLights

Prime Downtown Frederick location near Eveready Square and Market Street.
Strong income potential with a well‑maintained 6‑unit apartment building.
Desirable unit mix: three 1‑bedroom, two 2‑bedroom, and one studio apartment.
Private parking lot - a rare amenity in downtown.
Updated bathrooms, generously sized kitchens, and new electric baseboard heating in each unit.
High walkScore of 95, Walker's Paradise.

Overview

This 6-unit apartment building is located in Downtown Frederick, near Eveready Square and Market Street. The property features a mix of apartment types, including three 1-bedroom/1-bath apartments, two 2-bedroom/1-bath units, and one studio apartment. Each unit includes updated bathrooms, generously sized kitchens, and new electric baseboard heating. A private parking lot and outdoor seating areas are available for tenants. The location has a walk score of 95, indicating it is a walker's paradise, and a bike score of 81, indicating it is very bikeable. The transit score is 36, indicating some transit options are available. This property is positioned as an investment opportunity with income potential.

Location Intelligence

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Local Demand

City: Frederick
County: Frederick
State: Maryland
Longitude: -77.4053266
Latitude: 39.4162896

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For sale
Apartment buildings
MD
Frederick
21701
241 E 2ND St

What type of property is this?

Apartment building - Well-maintained 6-unit apartment building in a prime downtown location.

Where is this apartment building located?

The property is located at 241 E 2ND St Frederick, MD.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Prime Downtown Frederick location near Eveready Square and Market Street.; Strong income potential with a well‑maintained 6‑unit apartment building.; Desirable unit mix: three 1‑bedroom, two 2‑bedroom, and one studio apartment.