312-314 W South St
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312-314 W South St
5 Unit Block of Flats £691,109 (£138,222/Unit) 7% Net Initial Yield Frederick, MD 21701
Executive Summary
Act quick to take advantage of a limited offer. Here’s your chance to own a 5-unit apartment building in the heart of downtown Frederick with onsite parking and a short walk to downtown Frederick’s arts and entertainment district. The location is walking distance to the future 77 acre mix use development known as the Brickworks property. This development will bring high-end retailers, such as an organic grocery store and neighborhood-oriented shops and services.
The property boasts easy access to major arterial roadways like I-70, Rt 355, I-270, US 15 and US 340.
Seller’s have owned the property for 10 years and have experienced no vacancy outside of the short period of tenant turnover. Upgrades to the building and units were made by the Sellers. Ask Broker for details.
2025 Gross cashflow: $74,760
Taxes $8,617 (combined) annually
Electric and gas separately metered, paid by tenants
Landlord currently pays the water bill
Call Broker for lease details and property disclosures
The property boasts easy access to major arterial roadways like I-70, Rt 355, I-270, US 15 and US 340.
Seller’s have owned the property for 10 years and have experienced no vacancy outside of the short period of tenant turnover. Upgrades to the building and units were made by the Sellers. Ask Broker for details.
2025 Gross cashflow: $74,760
Taxes $8,617 (combined) annually
Electric and gas separately metered, paid by tenants
Landlord currently pays the water bill
Call Broker for lease details and property disclosures
Property Facts
| Price | £691,109 | Building Class | C |
| Price Per Unit | £138,222 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,830 SF |
| Net Initial Yield | 7% | Number of Floors | 2 |
| No. Units | 5 | Year Built | 1860 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | £691,109 |
| Price Per Unit | £138,222 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,830 SF |
| Number of Floors | 2 |
| Year Built | 1860 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
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Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 02-037157 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £145,713 |
PROPERTY TAXES
Parcel Number
02-037157
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£145,713
zoning
| Zoning Code | DR (Downtown Residential) |
| DR (Downtown Residential) |
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312-314 W South St
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