Updated Two-Unit
804 804-6 E South St, Frederick, MD 21701
For Sale
$595,000
Two recently updated rental units on a 0.3-acre site with M2 zoning.
Property Size3,000 SF
Lot Size0.30 Acres
Price / SF$198.33
Days on Market92
Property Features for 804 804-6 E South St
General Information
Standard status
Size
Lot size
Zoning
Occupancy
Building Details
Year Built
Listing Agency:
Libra Realty, LLC
Listed By:
Zhixiong Shi · License #607527
(240) 888-3412
Source:
Premierehomegroup
Added: Aug 8
Changed: Oct 26
Last Checked: Oct 7 at 5:41PM
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 Libra Realty, LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex includes recently updated residences at 804 and 806 E South St. The property was built in 1900 and occupies a 0.3-acre site in Frederick, Maryland. Both units are currently rented, providing an established residential income profile.
M2 zoning adds a commercial land-use designation to the property’s existing residential configuration. The site is positioned near ongoing development along E South, with the surrounding context identified for potential restaurant or group-home use in the property information.
M2 zoning adds a commercial land-use designation to the property’s existing residential configuration. The site is positioned near ongoing development along E South, with the surrounding context identified for potential restaurant or group-home use in the property information.
Key Highlights
- Two‑unit duplex with residences at 804 and 806 E South St
- 0.3‑acre site in Frederick, MD
- Both rental units recently updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,406
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,120
$888.1K
Cap Rate 7%
$634,371
$634.4K
Cap Rate 9%
$493,400
$493.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.6K $22.20/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$63.4K $21.15/SF
− OpEx
−$19.0K −$6.34/SF
NOI
$44.4K $14.80/SF
Area
Frederick County, MD
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,120
Cap Rate 7%
$634,371
Cap Rate 9%
$493,400
Alternative Uses
Best Use
Multifamily LT 5
$634.4K
$555.1K – $740.1K
NOI $44,406 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$583.1K
$510.2K – $680.3K
NOI $40,818 @ 7.0% cap · market cap 6.86%
Theoretical Best
Specialty Retail
$1.11M
$972.7K – $1.30M
NOI $77,815 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
703
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two recently updated rental units on a 0.3-acre site with M2 zoning.
Where is this duplex located?
The property is located at 804 804-6 E South St Frederick, MD.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑unit duplex with residences at 804 and 806 E South St; 0.3‑acre site in Frederick, MD; Both rental units recently updated
