Residential Income Property with
For Sale
$214,900
803 STRATFORD WAY #B, Frederick, MD 21701
Two-bedroom condo with updated systems, reserved parking, community amenities, and access to major Frederick-area destinations.
Property Size1,100 SF
Days on Market60
Property Features for 803 STRATFORD WAY #B
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
private balcony
walk-in closet
pet park
playgrounds
walking/jogging trails
picnic area
Building Details
Building Size
1,100 SF
Year Built
1988
Listing Agency:
JPAR Stellar Living
Listed By:
Robert N Makuch
(301) 944-9070
Source:
Cindee.kw
Added: Aug 8
Changed: Oct 4
Last Checked: Oct 5 at 3:30PM
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 JPAR Stellar Living
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, one-bathroom condominium with a bright living area, sliding-glass-door access to a private balcony, and substantial closet storage. The primary bedroom includes a walk-in closet. Carpet was replaced approximately one year ago, and the home includes a dishwasher installed in 2021, garbage disposal in 2025, stove in 2022, refrigerator in 2020, water heater in 2026, HVAC system in 2016, and washer and dryer in 2019.
One reserved parking space is included. The condo fee covers water and sewer utilities, trash pickup, snow removal in the parking lot, common-area cleaning and maintenance, and dryer vent cleaning every two years. Community features include pet park areas, playgrounds, walking and jogging trails, and a picnic area. The association permits up to two pets, subject to community rules. The community is FHA and VA approved, with FHA ID P016674 and VA ID 00062.
The property is near Downtown Frederick, the Frederick Fairgrounds, Frederick MARC Station, Fort Detrick, schools, shopping, restaurants, and entertainment. Routes 15 and 26 and Interstates 70 and 270 provide regional access.
One reserved parking space is included. The condo fee covers water and sewer utilities, trash pickup, snow removal in the parking lot, common-area cleaning and maintenance, and dryer vent cleaning every two years. Community features include pet park areas, playgrounds, walking and jogging trails, and a picnic area. The association permits up to two pets, subject to community rules. The community is FHA and VA approved, with FHA ID P016674 and VA ID 00062.
The property is near Downtown Frederick, the Frederick Fairgrounds, Frederick MARC Station, Fort Detrick, schools, shopping, restaurants, and entertainment. Routes 15 and 26 and Interstates 70 and 270 provide regional access.
Key Highlights
- Two‑bedroom, one‑bathroom condominium with private balcony access
- Reserved parking space included
- Recent updates include a 2026 water heater, 2025 garbage disposal, and 2022 stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,966
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,320
$299.3K
Cap Rate 7%
$213,800
$213.8K
Cap Rate 9%
$166,289
$166.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$28.6K $26.04/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$27.2K $24.74/SF
− OpEx
−$12.2K −$11.13/SF
NOI
$15.0K $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%
$299,320
Cap Rate 7%
$213,800
Cap Rate 9%
$166,289
Alternative Uses
Best Use
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,966 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$407.6K
$356.7K – $475.5K
NOI $28,532 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
209
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with updated systems, reserved parking, community amenities, and access to major Frederick-area destinations.
Where is this residential income property located?
The property is located at 803 STRATFORD WAY #B Frederick, MD.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom condominium with private balcony access; Reserved parking space included; Recent updates include a 2026 water heater, 2025 garbage disposal, and 2022 stove
