Historic Frederick Multifamily Opportunity

232 E 2ND St, Frederick, MD 21701

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For Sale

$899,900

Four-unit multifamily property in Frederick's Historic District.

Type:Investment

HighLights

Located in the Historic District of downtown Frederick, close to shops, restaurants, and parks.
Four‑level brick rowhome with multifamily configuration (four units).
Three vacant units offer immediate income potential or renovation opportunities.
Potential rental income from two 2‑bedroom units (previously $1,200-$1,500 each) and one 1‑bedroom unit (previously $1,000-$1,200).
Features a yard and classic historic charm.
High walkScore of 95 (Walker's Paradise) and bikeScore of 81 (Very Bikeable).

We can help!

Listing Contact

Teresa M Burton

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For Sale

$899,900

Four-unit multifamily property in Frederick's Historic District.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 4:07 pm

Property Features for 232 E 2ND St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1880

We can help!

Listing Contact

Teresa M Burton

Listing agent Teresa M Burton License #531770

Listing office Compass

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 Compass

HighLights

Located in the Historic District of downtown Frederick, close to shops, restaurants, and parks.
Four‑level brick rowhome with multifamily configuration (four units).
Three vacant units offer immediate income potential or renovation opportunities.
Potential rental income from two 2‑bedroom units (previously $1,200-$1,500 each) and one 1‑bedroom unit (previously $1,000-$1,200).
Features a yard and classic historic charm.
High walkScore of 95 (Walker's Paradise) and bikeScore of 81 (Very Bikeable).

Overview

Located in the Historic District of downtown Frederick, 232 E 2nd Street is a four-level brick rowhome configured as a four-unit multifamily property. The property is situated minutes from local shops, restaurants, and parks. Currently, three of the units are vacant. One efficiency unit is occupied by a long-term, month-to-month tenant at $650 per month. The additional units include two 2-bedroom units, previously rented between $1,200 and $1,500 each, and one 1-bedroom unit, previously rented between $1,000 and $1,200. The property features a yard and historic charm. The location has a bike score of 81, indicating it is very bikeable, a walk score of 95, designating it as a walker's paradise, and a transit score of 36, suggesting some transit options are available.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

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Local Demand

City: Frederick
County: Frederick
State: Maryland
Longitude: -77.4058393
Latitude: 39.415569

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For sale
Quadplexes
MD
Frederick
21701
232 E 2ND St

What type of property is this?

Quadplex - Four-unit multifamily property in Frederick's Historic District.

Where is this quadplex located?

The property is located at 232 E 2ND St Frederick, MD.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Located in the Historic District of downtown Frederick, close to shops, restaurants, and parks.; Four‑level brick rowhome with multifamily configuration (four units).; **Three vacant units offer immediate income potential or renovation opportunities.**