This home's estimate is 14.2% higher than the average sale price ($746K) of 6 comparable homes.
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109 W 3rd St, Frederick, MD 21701
About this home
Look no further! This is the perfect investment opportunity in a prime location, the heart of Downtown Frederick, and all it has to offer! This beautiful home includes 4 one bedroom units. Each unit has hardwood floors, updated kitchens and baths and is individually metered for electric. The 1st and 2nd floor units have dining rooms. Common laundry area, private yard and single car garage w/ additional storage space. Water/sewer & trash provided by owner. Great potential to live in one unit and rent the others or rent two and use the two furnished units for AirBNB income. All units currently occupied and lease terms vary. Monthly income approx. $5740.00 & annual income approx. $68,880. This well loved and maintained opportunity is sure to go quickly!
Redfin Estimate
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Market trends in 21701, MD
Last updated October 2026
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Sale history for 109 W 3rd St
$244/sq ft
$248/sq ft
$54/sq ft
Tax history for 109 W 3rd St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
DR
HPO
Downtown Residential District
The DR district is intended to provide a mix of single-family and multifamily dwellings.- Historic Preservation Overlay District
Include but are not limited to:
- Agriculture
- Housing-Group
- Housing-Single unit
- Housing-Multiple units
- Park & open space
Property details
Parking
- Parking Information
- # of Detached Garage Spaces: 1
- Garage Features: Garage - Rear Entry
- # of Total Garage and Parking Spaces: 1
- Has Garage
- # of Garage Spaces: 1
- Detached Garage, On Street
Interior
- Interior Information
- Living Area Sq.Ft. Source: Assessor
- Fireplace Information
- Has Fireplace
- # of Fireplaces: 2
- Basement Information
- Basement: Yes
- Other
- Multi Unit Information
- # of One Bedroom Units: 4
- # of Units Leased: 4
- Units Furnished: Some
- Income Includes: Apartment Rentals
Exterior
- Property Information
- Total Below Grade Sq. Ft.: 0
- Accessibility Features: Other
- Improvement Assessed Value: $270,600
- Ownership Interest: Fee Simple
- Property Condition: Very Good
- Year Built Source: Assessor
- Building Information
- # of Levels (Total): 4
- # of Units (Total): 4
- Construction Materials: Mixed
- Other Structures: Above Grade, Below Grade
- Structure Type: Detached
- Lot Information
- Tidal Water: No
- Land Information
- Land Assessed Value: $110,200
- Above Grade Information
- Finished Sq.Ft.: 2,811
- Finished Sq.Ft. Source: Assessor
- Below Grade Information
- Unfinished Sq.Ft. Source: Assessor
- Finished Sq.Ft. Source: Assessor
Financial
- Tax Information
- City/Town Tax: $2,753
- County Tax: $3,964
- Tax Assessed Value: $380,800
- Tax Year: 2018
- Tax Annual Amount: $6,717
- Assessments Information
- Year Assessed: 2019
- Rental Information
- Rent Control: No
- Total Actual Rent: $68,880
Utilities
- Utilities Information
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Hot Water
- Heating Fuel: Electric
- Hot Water: Electric
- Sewer Septic: Public Sewer
- Water Source: Public
Location
- School Information
- School District Name: FREDERICK COUNTY PUBLIC SCHOOLS
- School District Source: Listing Agent
- Location Information
- In City Limits
- Directions: N Bentz Street to Left on W 3rd St. Home is on the left.
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 2,808
- Stories: 3.0
- Lot Size: 3,007 square feet
- Style: Multi-Family (5+ Unit)
- Year Built: 1900
- Year Renovated: —
- County: Frederick County
- APN: 02 062496
Around this home
Schools
- K - 12
- Preschool & daycare
Public PreK-5 • Assigned • 0.5mi
Public 6-8 • Assigned • 0.8mi
Public 9-12 • Assigned • 0.8mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 106° expected this year, 16 days in 30 years
6% chance of strong winds in next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
In this area, properties receive around 9.2 hours in June and 3.9 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
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Home values near 109 W 3rd St
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 3191 Sq. Ft. | — |
- Beds | 3.5 Baths | 4005 Sq. Ft. | $703,240 |
| Address | Redfin Estimate |
|---|---|
- Beds | 3 Baths | 3270 Sq. Ft. | $837,104 |
- Beds | 2.5 Baths | 2836 Sq. Ft. | $760,089 |
| Address | Redfin Estimate |
|---|---|
- Beds | 3 Baths | 2618 Sq. Ft. | — |
- Beds | 3 Baths | 2616 Sq. Ft. | $751,864 |
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