Two-Unit Duplex with Front
For Sale
$379,000
Pending
111 East 6th Street, Frederick, MD 21701
End-unit duplex with two one-bedroom apartments, private laundry, and outdoor space in a residential setting.
Property Size1,312 SF
Days on Market144
Property Features for 111 East 6th Street
General Information
Standard status
Pending
Size
1,312 SF
Property subtype
Multi-Family / Fee Simple
Zoning
DR
Taxes and HOA fees
Annual Taxes
$3,978
Amenities
No
Level Entry - Main
No Pool
Building Details
Year Built
1915
Listing Agency:
Tomlinson Real Estate LLC
(240) 793-4633
Listed By:
Matthew A Tomlinson · License #640818
(240) 793-4633
Source:
Compass
Added: Apr 9
Changed: Aug 29
Last Checked: Aug 29 at 3:12PM
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 Tomlinson Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,312-square-foot duplex occupies a 1915-built end-unit home in Frederick. The property contains two one-bedroom apartments, each with an eat-in kitchen and in-unit washer and dryer. Interior stairs remain in place, allowing the layout to be reconsidered as a single-family residence. A covered front porch, small fenced backyard, and partial driveway add usable exterior features, while level entry at the main entrance supports convenient access.
The property is within Frederick city limits and is zoned DR. It is near restaurants, coffee shops, retail, parks, trails, schools, the YMCA, hospital services, and public transportation. Street parking is also available in the surrounding area.
The property is within Frederick city limits and is zoned DR. It is near restaurants, coffee shops, retail, parks, trails, schools, the YMCA, hospital services, and public transportation. Street parking is also available in the surrounding area.
Key Highlights
- Two one‑bedroom apartments within a 1,312‑square‑foot duplex
- Each apartment includes an eat‑in kitchen and in‑unit washer and dryer
- Interior stairs remain in place for potential single‑family reconfiguration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$388,400
$388.4K
Cap Rate 7%
$277,429
$277.4K
Cap Rate 9%
$215,778
$215.8K
Market Conditions
NOI Build-Up for 1,312 SF
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.
Gross rent
$29.1K $22.20/SF
− Vacancy
−$1.4K −$1.05/SF
EGI
$27.7K $21.15/SF
− OpEx
−$8.3K −$6.34/SF
NOI
$19.4K $14.80/SF
Area
Frederick County, MD
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$388,400
Cap Rate 7%
$277,429
Cap Rate 9%
$215,778
Alternative Uses
Best Use
Multifamily LT 5
$277.4K
$242.8K – $323.7K
NOI $19,420 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$255.0K
$223.1K – $297.5K
NOI $17,851 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$486.2K
$425.4K – $567.2K
NOI $34,031 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 21701, MD
39,629
Population
18,914
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
39.7 sq mi
ZIP Area
998
Density / Sq Mi
$102,306
Median Household Income
$59,381
Median Earnings
$1,607
Median Rent
$404,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - End-unit duplex with two one-bedroom apartments, private laundry, and outdoor space in a residential setting.
Where is this duplex located?
The property is located at 111 East 6th Street Frederick, MD.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two one‑bedroom apartments within a 1,312‑square‑foot duplex; Each apartment includes an eat‑in kitchen and in‑unit washer and dryer; Interior stairs remain in place for potential single‑family reconfiguration
