Residential Income Unit with
For Sale
$250,000
2121 WAINWRIGHT COURT Unit 1B, Frederick, MD 21702
The 1,102-square-foot residence has two bedrooms, two bathrooms, and in-unit laundry.
Property Size1,102 SF
Price / SF$226.86
Days on Market23
Property Features for 2121 WAINWRIGHT COURT Unit 1B
General Information
Standard status
Active
Size
1,102 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,843
Amenities
fireplace
washer/dryer
breakfast nook
jog/walk paths
tot lots
Building Details
Building Size
1,102 SF
Year Built
1989
Construction
garden-style
Listing Agency:
Charis Realty Group
Listed By:
Tracey K Sullivan · License #533327
(301) 514-3544
Source:
Catoctinproperties
Added: Oct 5
Changed: Oct 26
Last Checked: Oct 26 at 2:55PM
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
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Investment Insights
Based on property information with market context.
This 1,102-square-foot residential unit in a garden-style building has two bedrooms and two bathrooms. Interior features include a breakfast nook, fireplace, and washer and dryer. Improvements include new flooring and windows, a newer HVAC system, and freshly painted bathrooms. The property was built in 1989.
Residents of Old Farm Station have access to walking paths and tot lots. The unit is located in Frederick, Maryland.
Residents of Old Farm Station have access to walking paths and tot lots. The unit is located in Frederick, Maryland.
Key Highlights
- Two‑bedroom, two‑bathroom unit
- 1,102 square feet
- Fireplace and breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,994
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,880
$299.9K
Cap Rate 7%
$214,200
$214.2K
Cap Rate 9%
$166,600
$166.6K
Market Conditions
NOI Build-Up for 1,102 SF
Gross rent
$28.7K $26.04/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$27.3K $24.74/SF
− OpEx
−$12.3K −$11.13/SF
NOI
$15.0K $13.61/SF
Area
Frederick County, MD
Vacancy
5.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,880
Cap Rate 7%
$214,200
Cap Rate 9%
$166,600
Alternative Uses
Best Use
Apartment 5plus
$214.2K
$187.4K – $249.9K
NOI $14,994 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.3K
$357.3K – $476.4K
NOI $28,584 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
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Business Placement
Demographics for 21702, MD
46,412
Population
18,677
Households
2.5
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
41.7 sq mi
ZIP Area
1,113
Density / Sq Mi
$104,659
Median Household Income
$55,937
Median Earnings
$1,722
Median Rent
$384,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1,102-square-foot residence has two bedrooms, two bathrooms, and in-unit laundry.
Where is this residential income property located?
The property is located at 2121 WAINWRIGHT COURT Unit 1B Frederick, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom unit; 1,102 square feet; Fireplace and breakfast nook
