Residential Income Property with Private
New
For Sale
$299,999
7044 BASSWOOD ROAD Unit 11, Frederick, MD 21703
A renovated second-floor home includes in-unit laundry, a new heat pump, and chairlift access.
Property Size975 SF
Price / SF$307.69
Days on Market4
Property Features for 7044 BASSWOOD ROAD Unit 11
General Information
Standard status
Active
Size
975 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,322
Amenities
in-unit laundry
private deck
chairlift
clubhouse
fitness center
library
swimming pool
mini golf
tennis courts
pickleball courts
shuffleboard
Building Details
Building Size
975 SF
Year Built
1979
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 3:15PM
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 975-square-foot, second-floor condo in a 55+ community has two bedrooms and one full bathroom. Interior updates, a new heat pump, in-unit laundry, and a private deck are among its features; a chairlift serves the unit.
Community amenities include a clubhouse, fitness center, library, swimming pool, mini golf, tennis and pickleball courts, and shuffleboard. Shopping, dining, Downtown Frederick, and major commuter routes are accessible from the property.
Community amenities include a clubhouse, fitness center, library, swimming pool, mini golf, tennis and pickleball courts, and shuffleboard. Shopping, dining, Downtown Frederick, and major commuter routes are accessible from the property.
Key Highlights
- 975‑square‑foot condo with two bedrooms and one full bathroom
- Second‑floor unit with chairlift access
- Updated interior, new heat pump, in‑unit laundry, and private deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,266
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,320
$265.3K
Cap Rate 7%
$189,514
$189.5K
Cap Rate 9%
$147,400
$147.4K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$25.4K $26.04/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$24.1K $24.74/SF
− OpEx
−$10.9K −$11.13/SF
NOI
$13.3K $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%
$265,320
Cap Rate 7%
$189,514
Cap Rate 9%
$147,400
Alternative Uses
Best Use
Apartment 5plus
$189.5K
$165.8K – $221.1K
NOI $13,266 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated second-floor home includes in-unit laundry, a new heat pump, and chairlift access.
Where is this residential income property located?
The property is located at 7044 BASSWOOD ROAD Unit 11 Frederick, MD.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 975‑square‑foot condo with two bedrooms and one full bathroom; Second‑floor unit with chairlift access; Updated interior, new heat pump, in‑unit laundry, and private deck
