Two-Level Residential Income
For Sale
$330,000
663 E CHURCH STREET, Frederick, MD 21701
The kitchen features granite countertops, stainless steel appliances, and gas cooking.
Property Size1,813 SF
Price / SF$182.02
Days on Market84
Property Features for 663 E CHURCH STREET
General Information
Standard status
Active
Size
1,813 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,841
Amenities
community pool
clubhouse
Building Details
Building Size
1,813 SF
Year Built
2015
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Aug 5
Changed: Oct 26
Last Checked: Oct 26 at 2:36PM
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 REAL Realty
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Investment Insights
Based on property information with market context.
This two-level condominium offers 1,813 square feet of interior space, with the main living area and kitchen on the entry level and bedrooms upstairs. Interior features include plank flooring, oversized windows, a pantry, laundry area, and direct garage access. The kitchen has espresso cabinetry, granite countertops, stainless steel appliances, and gas cooking. The owner's suite includes two closets, a soaking tub, and a separate shower.
Built in 2015, the property is in the Eastchurch community at 663 E Church Street in Frederick, Maryland. Community amenities include a pool and clubhouse. The listing also identifies proximity to Carroll Creek, shopping, restaurants, entertainment, and major commuter routes.
Built in 2015, the property is in the Eastchurch community at 663 E Church Street in Frederick, Maryland. Community amenities include a pool and clubhouse. The listing also identifies proximity to Carroll Creek, shopping, restaurants, entertainment, and major commuter routes.
Key Highlights
- 1,813‑square‑foot, two‑level condominium
- Built in 2015
- Kitchen with granite countertops, stainless steel appliances, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,667
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,340
$493.3K
Cap Rate 7%
$352,386
$352.4K
Cap Rate 9%
$274,078
$274.1K
Market Conditions
NOI Build-Up for 1,813 SF
Gross rent
$47.2K $26.04/SF
− Vacancy
−$2.4K −$1.30/SF
EGI
$44.8K $24.74/SF
− OpEx
−$20.2K −$11.13/SF
NOI
$24.7K $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%
$493,340
Cap Rate 7%
$352,386
Cap Rate 9%
$274,078
Alternative Uses
Best Use
Apartment 5plus
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$671.8K
$587.8K – $783.8K
NOI $47,026 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
300
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
Frequently Asked Questions
What type of property is this?
Residential income property - The kitchen features granite countertops, stainless steel appliances, and gas cooking.
Where is this residential income property located?
The property is located at 663 E CHURCH STREET Frederick, MD.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,813‑square‑foot, two‑level condominium; Built in 2015; Kitchen with granite countertops, stainless steel appliances, and gas cooking
