Two-Story Income
For Sale
$335,000
669 E CHURCH STREET, Frederick, MD 21701
Maintained condominium with granite kitchen finishes, private garage, and access to community recreational amenities.
Property Size1,542 SF
Days on Market73
Property Features for 669 E CHURCH STREET
General Information
Standard status
Active
Size
1,542 SF
Property subtype
Apartment
Building Details
Building Size
1,542 SF
Year Built
2015
Listing Agency:
L. P. Calomeris Realty
Listed By:
Laura J Stang
(301) 698-1958
Source:
Cindee.kw
Added: Jul 25
Changed: Oct 4
Last Checked: Oct 5 at 3:35PM
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 L. P. Calomeris Realty
Investment Insights
Based on property information with market context.
This two-story condominium offers a three-bedroom, two-and-a-half-bath layout with hardwood flooring in the living room, granite kitchen countertops, and a pantry. The primary suite includes double closets and a private bathroom with a soaking tub and dual vanities. A one-car garage adds secure parking and storage.
The property is located at 669 E Church Street in Frederick, within the Eastchurch community. Residents have access to a pool, clubhouse, and playgrounds, while historic downtown Frederick is within walking distance for dining, shopping, and entertainment. The combination of residential features and community amenities supports a low-maintenance ownership profile.
The property is located at 669 E Church Street in Frederick, within the Eastchurch community. Residents have access to a pool, clubhouse, and playgrounds, while historic downtown Frederick is within walking distance for dining, shopping, and entertainment. The combination of residential features and community amenities supports a low-maintenance ownership profile.
Key Highlights
- Three‑bedroom, two‑and‑a‑half‑bath condominium layout
- Hardwood flooring in the living room
- Kitchen with granite countertops and a spacious pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,980
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,600
$419.6K
Cap Rate 7%
$299,714
$299.7K
Cap Rate 9%
$233,111
$233.1K
Market Conditions
NOI Build-Up for 1,542 SF
Gross rent
$40.2K $26.04/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$38.1K $24.74/SF
− OpEx
−$17.2K −$11.13/SF
NOI
$21.0K $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%
$419,600
Cap Rate 7%
$299,714
Cap Rate 9%
$233,111
Alternative Uses
Best Use
Apartment 5plus
$299.7K
$262.3K – $349.7K
NOI $20,980 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$571.4K
$500.0K – $666.6K
NOI $39,997 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Maintained condominium with granite kitchen finishes, private garage, and access to community recreational amenities.
Where is this residential income property located?
The property is located at 669 E CHURCH STREET Frederick, MD.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Three‑bedroom, two‑and‑a‑half‑bath condominium layout; Hardwood flooring in the living room; Kitchen with granite countertops and a spacious pantry
