Residential Income Property with Private
For Sale
$484,900
3411 ANGELICA #401, Frederick, MD 21704
FREDERICK, MD
Property Size1,785 SF
Price / SF$271.65
Days on Market165
Property Features for 3411 ANGELICA #401
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2
Subdivision
THE WOODLANDS
Elementary school district
FREDERICK COUNTY PUBLIC SCHOOLS
Middle school district
FREDERICK COUNTY PUBLIC SCHOOLS
High school district
FREDERICK COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
attached garage
private balcony
clubhouse
fitness center
club room
game room
yoga studio
open-air pavilion
outdoor pool
putting green
pickle ball court
bocce court
potting shed
garden
walking trails
tot lot
dog park
outdoor fireplace settings
Building Details
Year built
2020
Listing Agency:
Baltimore Regional Center
(410) 583-9400
Listed By:
Lauren M Shapiro
(410) 404-2044
Added: May 8
Changed: Oct 17
Last Checked: Oct 19 at 12:06PM
MLS# MDFR2081210
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This residential income property is a 1,785-square-foot condominium completed in 2020, offering two bedrooms, two full bathrooms, and a private loft within a two-story living area. The loft can serve as office, den, library, exercise, or entertaining space. Interior improvements include engineered hardwood flooring, new carpeting, fresh paint, quartz countertops, 42-inch espresso cabinetry, stainless steel appliances, tile backsplash, and a center island with breakfast bar. A balcony extends from the kitchen, while an in-unit laundry closet includes a washer and dryer.
The residence is located at 3411 Angelica #401 in Frederick, Maryland, within The Woodlands, a 55+ community. The property includes an attached garage, private driveway, and secure intercom entry. Community facilities include a clubhouse, fitness center, club room, game room, yoga studio, outdoor pool, putting green, pickleball and bocce courts, walking trails, dog park, garden area, and outdoor fireplace settings.
The residence is located at 3411 Angelica #401 in Frederick, Maryland, within The Woodlands, a 55+ community. The property includes an attached garage, private driveway, and secure intercom entry. Community facilities include a clubhouse, fitness center, club room, game room, yoga studio, outdoor pool, putting green, pickleball and bocce courts, walking trails, dog park, garden area, and outdoor fireplace settings.
Key Highlights
- 1,785‑square‑foot condominium completed in 2020
- Two bedrooms, two full bathrooms, and a private loft
- 19‑foot high‑volume ceilings and a two‑story living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,287
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,740
$485.7K
Cap Rate 7%
$346,957
$347.0K
Cap Rate 9%
$269,856
$269.9K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$46.5K $26.04/SF
− Vacancy
−$2.3K −$1.30/SF
EGI
$44.2K $24.74/SF
− OpEx
−$19.9K −$11.13/SF
NOI
$24.3K $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%
$485,740
Cap Rate 7%
$346,957
Cap Rate 9%
$269,856
Alternative Uses
Best Use
Apartment 5plus
$347.0K
$303.6K – $404.8K
NOI $24,287 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$661.4K
$578.8K – $771.7K
NOI $46,300 @ 7.0% cap · market cap 9.55%
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
670
Businesses Nearby
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Business Placement
Demographics for 21704, MD
19,275
Population
6,230
Households
3.1
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
26.6 sq mi
ZIP Area
725
Density / Sq Mi
$164,457
Median Household Income
$82,145
Median Earnings
$2,395
Median Rent
$585,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with updated interiors, a private balcony, attached garage, and access to community amenities.
Where is this residential income property located?
The property is located at 3411 ANGELICA #401 Frederick, MD.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: 1,785‑square‑foot condominium completed in 2020; Two bedrooms, two full bathrooms, and a private loft; 19‑foot high‑volume ceilings and a two‑story living area
