Two-Bedroom Residential Income
For Sale
$215,000
619 HIMES AVENUE Unit V103, Frederick, MD 21703
A den, private patio, in-unit laundry, and assigned parking complement the two-bedroom layout.
Property Size1,048 SF
Price / SF$205.15
Days on Market33
Property Features for 619 HIMES AVENUE Unit V103
General Information
Standard status
Active
Size
1,048 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,477
Amenities
patio
in-unit washer/dryer
Building Details
Building Size
1,048 SF
Year Built
1990
Listing Agency:
RE/MAX Realty Services
Listed By:
Jacqueline E Humenik
(202) 498-5219
Source:
Catoctinproperties
Added: Sep 25
Changed: Oct 26
Last Checked: Oct 26 at 2:49PM
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 RE/MAX Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1990 residential income property offers 1,048 square feet with two bedrooms, two bathrooms, and a den. The unit also includes a patio, a washer and dryer, and assigned parking.
Restaurants, shopping, and downtown are nearby in Frederick, Maryland.
Restaurants, shopping, and downtown are nearby in Frederick, Maryland.
Key Highlights
- Two bedrooms and two bathrooms, plus a den
- 1,048 square feet
- Patio and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,259
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,180
$285.2K
Cap Rate 7%
$203,700
$203.7K
Cap Rate 9%
$158,433
$158.4K
Market Conditions
NOI Build-Up for 1,048 SF
Gross rent
$27.3K $26.04/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$25.9K $24.74/SF
− OpEx
−$11.7K −$11.13/SF
NOI
$14.3K $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%
$285,180
Cap Rate 7%
$203,700
Cap Rate 9%
$158,433
Alternative Uses
Best Use
Apartment 5plus
$203.7K
$178.2K – $237.7K
NOI $14,259 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.3K
$339.8K – $453.1K
NOI $27,183 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
Business Placement
Demographics for 21703, MD
41,138
Population
15,773
Households
2.6
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
32.0 sq mi
ZIP Area
1,286
Density / Sq Mi
$105,293
Median Household Income
$56,791
Median Earnings
$1,887
Median Rent
$364,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A den, private patio, in-unit laundry, and assigned parking complement the two-bedroom layout.
Where is this residential income property located?
The property is located at 619 HIMES AVENUE Unit V103 Frederick, MD.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms, plus a den; 1,048 square feet; Patio and in‑unit washer and dryer
