Penthouse Condo with
3510 STARLIGHT STREET Unit 401, Frederick, MD 21704
For Sale
$514,900
A top-floor residence combines two bedrooms, a loft, a private garage, and access to community recreation amenities.
Property Size1,783 SF
Price / SF$288.78
Days on Market81
Property Features for 3510 STARLIGHT STREET Unit 401
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
open air pavilions
putting green
pickleball courts
bocce ball
potting shed and garden
multiple outdoor fireplace area/seating
walking/jogging trails
tot lot
dog park
fitness center
outdoor pool
Building Details
Building Size
Year Built
Listing Agency:
J & B Real Estate, Inc
Listed By:
Nicole D Lapera-Holler · License MD #523392
(301) 748-6393
Source:
Catoctinproperties
Added: Aug 25
Changed: Nov 11
Last Checked: Nov 12 at 9:26PM
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 J & B Real Estate, Inc
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Investment Insights
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This top-floor condominium offers 1,783 square feet of living space, with two bedrooms, a loft, and vaulted ceilings. The kitchen has stainless steel appliances, 42-inch cabinetry, a pantry, and an island with breakfast-bar seating; it opens to the dining and living areas. A gas fireplace and private porch extend the main living space. The primary suite includes two closets and an en-suite bath, while the second bedroom has a bonus nook. A washer and dryer convey, along with a private oversized one-car garage with interior access and a dedicated parking pad. The home was built in 2023 and has gas HVAC and tankless hot water.
Community amenities include a fitness center, outdoor pool, pickleball courts, bocce ball, a putting green, walking and jogging trails, a dog park, and a tot lot. Open-air pavilions, outdoor fireplace seating, a potting shed, and a community garden are also available.
Community amenities include a fitness center, outdoor pool, pickleball courts, bocce ball, a putting green, walking and jogging trails, a dog park, and a tot lot. Open-air pavilions, outdoor fireplace seating, a potting shed, and a community garden are also available.
Key Highlights
- 1,783 square feet of living space
- Built in 2023
- Two bedrooms and an upper‑level loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,259
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,180
$485.2K
Cap Rate 7%
$346,557
$346.6K
Cap Rate 9%
$269,544
$269.5K
Market Conditions
NOI Build-Up for 1,783 SF
Gross rent
$46.4K $26.04/SF
− Vacancy
−$2.3K −$1.30/SF
EGI
$44.1K $24.74/SF
− OpEx
−$19.8K −$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%
$485,180
Cap Rate 7%
$346,557
Cap Rate 9%
$269,544
Alternative Uses
Best Use
Apartment 5plus
$346.6K
$303.2K – $404.3K
NOI $24,259 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$660.7K
$578.1K – $770.8K
NOI $46,248 @ 7.0% cap · market cap 8.98%
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
45
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
$585,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Frederick County, MD
Properties on Market for Residential income properties in Frederick County
Frequently Asked Questions
What type of property is this?
Residential income property - A top-floor residence combines two bedrooms, a loft, a private garage, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 3510 STARLIGHT STREET Unit 401 Frederick, MD.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: 1,783 square feet of living space; Built in 2023; Two bedrooms and an upper‑level loft
