This home's estimate is 18.4% lower than the average sale price ($750K) of 6 comparable homes.
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108, 110, 112 Ice St, Frederick, MD 21701
About this home
3 Unit brick building all on one deed. Great investment opportunity. Rent out all three or live in one and rent the other two! Each unit has 1 bedroom, 1 bath, separate living and dining rooms, and den/office. Rubber roof is only 5 years old. Units separately metered (water and electric). Tenants pay all utilities. Landlord pays real estate taxes and insurance. When fully leased, rental income is $3,075/ month or $36,900/ year. Annual expenses are roughly $6,400/ year (including avg. budget of $1.200 for repairs). NOI = $30,500. Cap Rate = 8.2%. All numbers based on self management. Lead Certs available for all units. Units 110 and 112 can be viewed in person without 24 hour notice. Due to COVID precautionary measures, unit 108 will only be available for virtual tours. Please do not disturb tenant in unit 108. Property was fully leased until very recent when owners decided to renovate units 110 and 112. Property being sold AS-IS.
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Market trends in 21701, MD
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- COMING SOON
905 Sweet Gum Ct, Frederick, MD 21701 - OPEN SAT, 1PM TO 3PM
- COMING SOON
- NEW 26 HRS AGO
- OPEN SUN, 1:30PM TO 3:30PM
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Provided by Redfin
Sale history for 108, 110, 112 Ice St
$148/sq ft
$152/sq ft
As the MLS and public records start to fill up, we'll list the details here.
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
- Other
Interior
- Interior Information
- Appliances: Oven/Range - Electric, Refrigerator
- Door Features: Storm
- Flooring Type: Carpet, Ceramic Tile, Laminated, Vinyl
- Interior Features: Carpet, CeilngFan(s), Dining Area, Floor Plan - Traditional, Tub Shower
- Living Area Sq.Ft. Source: Assessor
- Wall & Ceiling Types: Brick, Dry Wall
- Basement Information
- Basement: Yes
- Other, Dirt Floor, Connecting Stairway
- Multi Unit Information
- # of One Bedroom Units: 3
- # of Vacant Units: 2
- # of Units Leased: 1
- # of Month To Month Units: 1
- Units Furnished: None
- Vacancy Allowance Rate: 66.00
- Gross Income: $36,900
- Gross Scheduled Income: $36,900
- Net Operating Income: $30,500
- Income Includes: Apartment Rentals
- Operating Expense: $6,400
- Operating Expense Includes: Insurance, Trash
Exterior
- Property Information
- Total Below Grade Sq. Ft.: 0
- Improvement Assessed Value: $188,900
- Insurance Expense: $1,000
- Ownership Interest: Fee Simple
- Property Condition: Good
- Year Built Source: Assessor
- Building Information
- # of Units (Total): 3
- Construction Materials: Brick, Stone
- Foundation Details: Stone
- Other Structures: Above Grade, Below Grade
- Roof: Metal
- Structure Type: Interior Townhouse/Rowhouse
- Building Not Winterized
- Exterior Information
- Sidewalks
- Lot Information
- Tidal Water: No
- Land Information
- Land Assessed Value: $130,000
- Above Grade Information
- Finished Sq.Ft.: 2,436
- Finished Sq.Ft. Source: Assessor
- Below Grade Information
- Unfinished Sq.Ft. Source: Assessor
- Finished Sq.Ft. Source: Assessor
Financial
- Tax Information
- Agricultural Tax Due: No
- City/Town Tax: $1,604
- County Tax: $2,315
- Tax Assessed Value: $252,700
- Tax Year: 2019
- Tax Annual Amount: $4,183
- Assessments Information
- Year Assessed: 2020
- Lease Information
- Existing Lease Type: Month to Month
- Rental Information
- Rent Control: No
Utilities
- Utilities Information
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Baseboard - Electric
- Heating Fuel: Electric
- Hot Water: Electric
- Sewer Septic: Public Sewer
- Water Source: Public
- Municipal Trash: Yes
Location
- Homeowners Association Information
- Maintenance Expense: $1,200
- School Information
- School District Name: FREDERICK COUNTY PUBLIC SCHOOLS
- School District Source: Listing Agent
- Location Information
- In City Limits
- Cross Street: W. All Saints St.
- Directions: South Market Street to left on West All Saints Street. Left on Ice street to #108-112 (all three units on one deed).
- Location Type: Middle Of Block
- Municipality: Frederick City
- Road Responsibility: City/County
- Road Surface Type: Black Top
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: Frederick County
- APN: 1102114240
Around this home
Schools
Public PreK-5 • Assigned • 0.3mi
Public 6-8 • Assigned • 1.3mi
Public 9-12 • Assigned • 3.0mi
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.
Nearby similar homes
New listings for sale in 21701
Home values near 108, 110, 112 Ice St
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1208 Sq. Ft. | $306,318 |
- Beds | 1 Baths | 812 Sq. Ft. | $479,456 |
| Address | Redfin Estimate |
|---|---|
- Beds | 1.5 Baths | 1208 Sq. Ft. | $342,343 |
3 Beds | 3 Baths | 2436 Sq. Ft. | $378,103 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1.5 Baths | 1362 Sq. Ft. | $410,590 |
3 Beds | 2.5 Baths | 2222 Sq. Ft. | $472,255 |
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