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$770,000
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Property Description
Exceptional investment opportunity in the heart of Downtown Frederick! Perfectly positioned near Eveready Square and just a short walk to vibrant Market Street, this well-maintained 6-unit apartment building offers both convenience and strong income potential. The property features a desirable unit mix, including three 1-bedroom/1-bath apartments, two spacious 2-bedroom/1-bath units, and one studio apartment-appealing to a wide range of tenants. Each unit offers updated bathrooms, generously sized kitchens, and new electric baseboard heating for efficient comfort. Tenants enjoy a private parking lot-a rare find in downtown-as well as outdoor seating areas that enhance the property's charm and livability. With its prime location, modern updates, and steady rental income, this is a turnkey addition to any investor's portfolio. Don't miss your chance to own a high-demand, income-producing asset in one of Frederick's most sought-after areas! Legal address is 241-243 E 2nd street
Full Property Details
Full Property Details for 241 E 2nd St
General
- Sold For: $770,000
- Taxes: $12,800 (2025)
- Status: Closed
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDFR2079632
- Added to Site: 101 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 7
- Parking Type: Parking Lot
Location
- Municipality: Frederick City
- County: FREDERICK
- Driving Directions: From route 15 take exit for motter ave . Follow Gps
- City Limits: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Steam
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Stick Built, Mixed, Stone, Other
- Building Size: 5372
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Average
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,560
- Lot Size Source: Assessor
- Zoning: DB
Financial Considerations
- Price Per Sq. Ft.: $158.23
- Assessment Year: 2026
- City/TownTax: $4,946
- City/TownTax Freq: Annually
- County Tax: $7,853
- County Tax Freq: Annually
- Tax w/Assessment: $736,700
- Tax Amount: $12,800
- Tax Year: 2025
- Owner Pays: Gas, Insurance, Pest Control, Water, Sewer
Disclosures and Reports
- Ownership: Fee Simple
Listed by Charis Realty Group, Kelsey M Norris
Sold by Charis Realty Group, Thomas Campbell
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Schools
Schools serving 241 E 2nd St
School District:Frederick County Public Schools, Fort Detrick, MD
| Name | Grades | Distance |
|---|---|---|
Spring Ridge Elementary School 9051 Ridgefield Drive, Frederick, MD 21701 | K-5 | 3.1 mi |
Gov. Thomas Johnson Middle School 1799 Schifferstadt Boulevard, Frederick, MD 21701 | 6-8 | 1.5 mi |
Gov. Thomas Johnson High School 1501 North Market Street, Frederick, MD 21701 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 241 E 2nd St
Date
Details
Price
Change
Source
7/10/2026
Sold
$770,000
-9.41%
MLS
4/01/2026
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
241 E 2nd Street, Frederick, MD 21701 (MLS# MDFR2079632) is a Apartment property that was sold at $770,000 on July 10, 2026. Want to learn more about 241 E 2nd Street? Do you have questions about finding other Apartment real estate for sale in Frederick? You can browse all Frederick real estate or contact a Coldwell Banker agent to request more information.

