Downtown Frederick Apartment
For Sale
$850,000
Pending
241 E 2nd St, Frederick, MD 21701
Six-unit apartment building in downtown Frederick with strong income potential.
Property SizeContact for details
Days on Market133
Property Features for 241 E 2nd St
General Information
Standard status
Pending
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,800
Building Details
Year Built
1900
Listing Agency:
CHARIS REALTY GROUP
(240) 913-9339
Listed By:
KELSEY M NORRIS
Source:
Corcoran
Added: Apr 2
Changed: Aug 8
Last Checked: Jul 16 at 6:01PM
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
Investment Insights
Based on property information with market context.
This six-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 units, 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 is available for tenants, along with outdoor seating areas. The property is positioned as an investment opportunity with income potential in a sought-after area.
Key Highlights
- Prime Downtown Frederick location near Eveready Square and Market Street
- Strong income potential from a well‑maintained 6‑unit apartment building
- Desirable unit mix: three 1‑bedroom, two 2‑bedroom, and one studio apartment
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,050
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building in downtown Frederick with strong income potential.
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 from a well‑maintained 6‑unit apartment building; Desirable unit mix: three 1‑bedroom, two 2‑bedroom, and one studio apartment
