This historic downtown property has been an excellent investment for the current owners and can be one for you. The ground floor is a dry cleaners and alteration business that has been there for 34 years. The upper level has two one bedroom apartments. All dry cleaning is done off premises. The two apartments are accessed through the right side front door and up an impressive staircase. The drive way is owned by the seller and leads to 2 or more parking spaces in the rear. The property has a separate garage and large storage building which are not rented but offer additional potential rental income. There is an abundance of potential uses. Klineharts Alley is a convenient exit/entrance for the rear parking area. All tenants are month to month and prefer to stay. The business also wants to continue at this location. The building is in very good condition, and this is a premium location for commercial/residential use.
Sold for $660,000
$660,000
413 N Market St, Frederick, MD 21701
2beds
2baths
4,888sqft
Multi Family
Built in 1834
-- sqft lot
$783,500 Zestimate®
$135/sqft
$2,136 Estimated rent
Home value
$783,500
$658,000 - $932,000
$2,136/mo
Zestimate® history
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List your homeWhat's special
Impressive staircaseTwo one bedroom apartmentsSeparate garageLarge storage building
Zillow last checked:
Listing updated:
Listed by:
Melony Bush 240-529-0177,
Mackintosh, Inc.
Bought with:
J. Powell, 35102
Real Estate Teams, LLC
Source: Bright MLS,MLS#: MDFR2058754
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Basement
- Area: 899
Heating
- Baseboard, Forced Air, Natural Gas, Electric
Cooling
- Window Unit(s), Central Air, Electric
Appliances
- Included: Oven/Range - Electric, Refrigerator, Electric Water Heater
Features
- Basement: Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 5,787
- Total interior livable area: 4,888 sqft
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Off Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Rain Gutters, Storage
- Pool features: None
Lot
- Size: 8,611 sqft
Details
- Additional structures: Above Grade, Below Grade, Outbuilding
- Parcel number: 1102039893
- Zoning: DB
- Zoning description: downtown business
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- Good
- New construction: No
- Year built: 1834
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Frederick
- Municipality: Frederick City
HOA & financial
Other financial information
- Total actual rent: 47460
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2025 | Sold | $660,000+1.5%$135/sqft |
Source:  Bright MLS #MDFR2058754 Report a problem | ||
| 2/7/2025 | Pending sale | $650,000$133/sqft |
Source: Bright MLS #MDFR2058754 Report a problem | ||
| 2/2/2025 | Contingent | $650,000$133/sqft |
Source: Bright MLS #MDFR2058754 Report a problem | ||
| 2/1/2025 | Listed for sale | $650,000$133/sqft |
Source: Bright MLS #MDFR2058754 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,948 -95.2% | $531,300 +8.7% |
| 2024 | $205,310 +2458.6% | $488,833 +9.5% |
| 2023 | $8,024 +10.9% | $446,367 +10.5% |
| 2022 | $7,235 +5.3% | $403,900 +5.4% |
| 2021 | $6,871 +6.1% | $383,200 |
| 2020 | $6,473 +6.1% | -- |
| 2019 | $6,100 +2.4% | $341,800 +2.3% |
| 2018 | $5,959 +48.8% | $334,067 -2.3% |
| 2017 | $4,006 -31.6% | $341,800 +7.3% |
| 2016 | $5,854 | $318,600 +0.9% |
| 2015 | $5,854 | $315,667 |
Find assessor info on the county website
Neighborhood: 21701
Nearby schools
GreatSchools rating
- 7/10Parkway Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 6/10West Frederick Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Frederick High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Frederick County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$783,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$783,500
- Maryland
- Frederick County
- Frederick
- 21701
- 413 N Market St
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