Renovated Residential Income
New
For Sale
$235,000
807D STRATFORD WAY #1300D, Frederick, MD 21701
The unit has updated flooring, windows, appliances, countertops, and interior paint.
Property Size990 SF
Days on Market5
Property Features for 807D STRATFORD WAY #1300D
General Information
Standard status
Active
Size
990 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
990 SF
Year Built
1987
Listing Agency:
Corner House Realty
Listed By:
Colleen M Geppi
(443) 499-3839
Source:
Cindee.kw
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:19PM
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 Corner House Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property, built in 1987, has received interior updates including new flooring, windows, appliances, backsplash, faucets, and ceiling fan. Granite countertops are installed in both the kitchen and bathroom, and the unit has fresh paint.
The property is in Frederick, minutes from downtown and major shopping centers. A home warranty is included.
The property is in Frederick, minutes from downtown and major shopping centers. A home warranty is included.
Key Highlights
- Built in 1987
- New flooring, windows, appliances, backsplash, faucets, and ceiling fan
- Granite countertops in the kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,470
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,400
$269.4K
Cap Rate 7%
$192,429
$192.4K
Cap Rate 9%
$149,667
$149.7K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$25.8K $26.04/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$24.5K $24.74/SF
− OpEx
−$11.0K −$11.13/SF
NOI
$13.5K $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%
$269,400
Cap Rate 7%
$192,429
Cap Rate 9%
$149,667
Alternative Uses
Best Use
Apartment 5plus
$192.4K
$168.4K – $224.5K
NOI $13,470 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$366.8K
$321.0K – $428.0K
NOI $25,679 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
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
Frequently Asked Questions
What type of property is this?
Residential income property - The unit has updated flooring, windows, appliances, countertops, and interior paint.
Where is this residential income property located?
The property is located at 807D STRATFORD WAY #1300D Frederick, MD.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Built in 1987; New flooring, windows, appliances, backsplash, faucets, and ceiling fan; Granite countertops in the kitchen and bathroom
