Triplex with Detached
430 W PATRICK Street, Frederick, MD 21701
For Sale
$450,000
Multi-Family, FREDERICK, MD
Property Size1,740 SF
Lot Size0.09 Acres
Price / SF$258.62
Days on Market49
Property Features for 430 W PATRICK Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Interior features
Fireplace
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Mackintosh, Inc.
(301) 662-0155
Listed By:
Stephen C Mackintosh · License MD #82894
(301) 748-3696
Added: Sep 26
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# MDFR2089900
Copyright © 2026 Bright MLS. 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 1,740-square-foot brick triplex at 430 W Patrick Street contains three units: a street-level efficiency, a lower-level apartment with one bedroom and one bathroom, and a second-floor apartment with two bedrooms and one bathroom. A detached garage accommodates more than two cars and includes a storage room. Additional features include wood floors, a fireplace, and off-street parking. The property is vacant and is being sold as-is; updates have been completed over time, with further work needed.
The 0.093-acre property is in Frederick City, near Baker Park and Culler Lake. It was built in 1880 and is zoned DB (Downtown Business), with potential for residential and commercial uses.
The 0.093-acre property is in Frederick City, near Baker Park and Culler Lake. It was built in 1880 and is zoned DB (Downtown Business), with potential for residential and commercial uses.
Key Highlights
- Three‑unit property with an efficiency, a 1‑bedroom/1‑bathroom unit, and a 2‑bedroom/1‑bathroom unit
- Detached garage for 2+ cars with a storage room
- 1,740 square feet on a 0.093‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,755
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,100
$515.1K
Cap Rate 7%
$367,929
$367.9K
Cap Rate 9%
$286,167
$286.2K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$38.6K $22.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$36.8K $21.15/SF
− OpEx
−$11.0K −$6.34/SF
NOI
$25.8K $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 Rate 5%
$515,100
Cap Rate 7%
$367,929
Cap Rate 9%
$286,167
Alternative Uses
Best Use
Multifamily LT 5
$367.9K
$321.9K – $429.3K
NOI $25,755 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$338.2K
$295.9K – $394.6K
NOI $23,674 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$644.8K
$564.2K – $752.2K
NOI $45,133 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,314
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - DB zoning offers potential for residential and commercial uses.
Where is this triplex located?
The property is located at 430 W PATRICK Street Frederick, MD.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit property with an efficiency, a 1‑bedroom/1‑bathroom unit, and a 2‑bedroom/1‑bathroom unit; Detached garage for 2+ cars with a storage room; 1,740 square feet on a 0.093‑acre lot
