Two-Bedroom Condominium with
For Sale
$259,900
8204 BLUE HERON DRIVE Unit 3C, Frederick, MD 21701
Top-floor residence in Waterside includes two full bathrooms and access to shared recreation amenities.
Property Size1,061 SF
Price / SF$244.96
Days on Market21
Property Features for 8204 BLUE HERON DRIVE Unit 3C
General Information
Standard status
Active
Size
1,061 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,729
Amenities
swimming pool
walking trails
tennis courts
playground
balcony
Building Details
Building Size
1,061 SF
Year Built
1996
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Oct 7
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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 REAL 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 1,061-square-foot, top-floor condominium was built in 1996 and has two primary bedrooms, each with a full bathroom. Fresh paint and new LVP flooring update the interior, while a private balcony extends the living space outdoors.
Waterside residents have access to a swimming pool, walking trails, tennis courts, and a playground. The property is in Frederick, Maryland, with shopping, restaurants, entertainment, and major commuter routes nearby.
Waterside residents have access to a swimming pool, walking trails, tennis courts, and a playground. The property is in Frederick, Maryland, with shopping, restaurants, entertainment, and major commuter routes nearby.
Key Highlights
- 1,061 square feet in a top‑floor condominium
- Two primary bedrooms, each with a full bathroom
- Private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,436
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,720
$288.7K
Cap Rate 7%
$206,229
$206.2K
Cap Rate 9%
$160,400
$160.4K
Market Conditions
NOI Build-Up for 1,061 SF
Gross rent
$27.6K $26.04/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$26.2K $24.74/SF
− OpEx
−$11.8K −$11.13/SF
NOI
$14.4K $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%
$288,720
Cap Rate 7%
$206,229
Cap Rate 9%
$160,400
Alternative Uses
Best Use
Apartment 5plus
$206.2K
$180.5K – $240.6K
NOI $14,436 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$393.2K
$344.0K – $458.7K
NOI $27,521 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
253
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor residence in Waterside includes two full bathrooms and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 8204 BLUE HERON DRIVE Unit 3C Frederick, MD.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,061 square feet in a top‑floor condominium; Two primary bedrooms, each with a full bathroom; Private balcony
