Second-Floor Residential Income
For Sale
$234,900
811 STRATFORD WAY #E, Frederick, MD 21701
Updated condominium residence with community amenities and convenient access to regional transportation, employment, schools, and shopping.
Property Size986 SF
Days on Market103
Property Features for 811 STRATFORD WAY #E
General Information
Standard status
Active
Size
986 SF
Property subtype
Apartment
Building Details
Building Size
986 SF
Year Built
1990
Listing Agency:
RE/MAX Realty Group
Listed By:
Harlen G Castillo
(301) 258-7757
Source:
Cindee.kw
Added: Jul 9
Changed: Oct 6
Last Checked: Oct 19 at 3:39AM
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 RE/MAX Realty Group
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Investment Insights
Based on property information with market context.
This second-floor condominium at 811 Stratford Way, Unit E, includes two bedrooms and one bathroom. Recent improvements include carpeting and LVT installed in 2022/2023, a refrigerator and stove replaced in 2022, a dishwasher added in 2024, and a Bath Fitter bathroom unit installed in 2025. The full-size washer and dryer, water heater, and air-conditioning coil system were replaced in 2024, while the heat pump was serviced in June 2026.
Fredericktowne Village provides playgrounds, walking and jogging trails, a community picnic area, and pet park areas. The pet-friendly community is near schools, shopping, the Frederick Fairgrounds, Frederick MARC Station, Fort Detrick, Route 15, Interstate 70, and Interstate 270. The condominium was built in 1990.
Fredericktowne Village provides playgrounds, walking and jogging trails, a community picnic area, and pet park areas. The pet-friendly community is near schools, shopping, the Frederick Fairgrounds, Frederick MARC Station, Fort Detrick, Route 15, Interstate 70, and Interstate 270. The condominium was built in 1990.
Key Highlights
- Two‑bedroom, one‑bath second‑floor condominium at 811 Stratford Way #E
- Carpeting and LVT updated in 2022/2023
- Dishwasher added in 2024; refrigerator and stove replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,415
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,300
$268.3K
Cap Rate 7%
$191,643
$191.6K
Cap Rate 9%
$149,056
$149.1K
Market Conditions
NOI Build-Up for 986 SF
Gross rent
$25.7K $26.04/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$24.4K $24.74/SF
− OpEx
−$11.0K −$11.13/SF
NOI
$13.4K $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%
$268,300
Cap Rate 7%
$191,643
Cap Rate 9%
$149,056
Alternative Uses
Best Use
Apartment 5plus
$191.6K
$167.7K – $223.6K
NOI $13,415 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$365.4K
$319.7K – $426.3K
NOI $25,575 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
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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 - Updated condominium residence with community amenities and convenient access to regional transportation, employment, schools, and shopping.
Where is this residential income property located?
The property is located at 811 STRATFORD WAY #E Frederick, MD.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath second‑floor condominium at 811 Stratford Way #E; Carpeting and LVT updated in 2022/2023; Dishwasher added in 2024; refrigerator and stove replaced in 2022
