Residential Income Property with
For Sale
$200,000
803 STRATFORD WAY Unit H, Frederick, MD 21701
Second-level, two-bedroom home features a private outdoor space and reserved parking.
Property Size1,100 SF
Price / SF$181.82
Days on Market80
Property Features for 803 STRATFORD WAY Unit H
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,377
Amenities
balcony
pet park areas
playgrounds
walking and jogging trails
community picnic area
Building Details
Building Size
1,100 SF
Year Built
1988
Listing Agency:
Charis Realty Group
Listed By:
April C. West · License #660004
(301) 442-0106
Source:
Catoctinproperties
Added: Aug 12
Changed: Oct 26
Last Checked: Oct 26 at 3:10PM
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 Charis Realty Group
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Investment Insights
Based on property information with market context.
This 1,100-square-foot, second-level condo has two bedrooms, one bathroom, and a private balcony accessed through a sliding glass door. The primary bedroom includes a walk-in closet, and both bedrooms have closet space. Carpet was replaced approximately one year ago. Appliance updates include a refrigerator in 2020, dishwasher in 2021, stove in 2022, garbage disposal in 2025, and water heater in 2026; the HVAC system dates to 2016, and the washer and dryer were installed in 2019.
One reserved parking space is included. The condo fee covers water and sewer, trash collection, snow removal in the parking lot, common-area cleaning and maintenance, and dryer vent cleaning every two years. Community features include pet areas, playgrounds, walking and jogging trails, and a picnic area. The community is FHA and VA approved. Nearby destinations include Downtown Frederick, Frederick Fairgrounds, Frederick MARC Station, Fort Detrick, Hood College, schools, shopping, restaurants, and entertainment. Routes 15 and 26, I-70, and I-270 provide regional access.
One reserved parking space is included. The condo fee covers water and sewer, trash collection, snow removal in the parking lot, common-area cleaning and maintenance, and dryer vent cleaning every two years. Community features include pet areas, playgrounds, walking and jogging trails, and a picnic area. The community is FHA and VA approved. Nearby destinations include Downtown Frederick, Frederick Fairgrounds, Frederick MARC Station, Fort Detrick, Hood College, schools, shopping, restaurants, and entertainment. Routes 15 and 26, I-70, and I-270 provide regional access.
Key Highlights
- 1,100‑square‑foot condo with two bedrooms and one bathroom
- Second‑level unit with a private balcony and walk‑in closet in the primary bedroom
- One reserved parking space; condo fee covers water, sewer, trash, and parking‑lot snow removal
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,966
Cap Rate
7.48%
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 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$407.6K
$356.7K – $475.5K
NOI $28,532 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
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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 - Second-level, two-bedroom home features a private outdoor space and reserved parking.
Where is this residential income property located?
The property is located at 803 STRATFORD WAY Unit H Frederick, MD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,100‑square‑foot condo with two bedrooms and one bathroom; Second‑level unit with a private balcony and walk‑in closet in the primary bedroom; One reserved parking space; condo fee covers water, sewer, trash, and parking‑lot snow removal
