Movoto Real Estate
Sold on 11/27/2023

101 E Third St, Frederick, MD 21701

  • $640,000

    Last sold 11/27/2023 for $710K

  • bed

  • bath

  • 2,642

    Sqft ($269/Sqft)

Multi-family not for sale
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About 101 E Third St

Property type Multi-family
Neighborhood
Year built 1880
HOA fee $0/month
Lot size 1,742 Sqft
Movoto estimate
Rental estimate
Property description
***INVESTOR ALERT!*** Welcome to 101 East 3rd Street, a fantastic multi-family property located in the heart of Frederick's historic District. This charming three-unit apartment building is now available for sale, offering an excellent investment or house hack opportunity. Each unit within this well-maintained building boasts its own unique features with some charming historic touches as well as modern updates. There are two 1-bedroom units and a 2-bedroom unit that provide comfortable living spaces with lots of natural light. Two of the units have rear balconies and the lower unit has a rear sunroom. Recently renovated kitchens showcase stainless steel appliances and stunning quartz countertops, creating a modern and inviting atmosphere. Additionally, all three bathrooms have been tastefully updated. The entire building boasts refinished hardwood floors, providing a timeless elegance throughout. For added comfort, each unit has new HW heaters and ductless mini split heat pumps, ensuring a cozy environment year-round. The electric and plumbing was brought to code and work was permitted through the city. Conveniently situated just a half block away from Market St on the corner of Maxwell Alley, this property offers easy access to the vibrant shops, restaurants, and entertainment options that Frederick has to offer. With its prime location and attractive updates, this multi-family property presents an incredible opportunity for investors or those seeking a multi-generational living arrangement. Don't miss out on this wonderful chance to own a piece of Frederick's history! ***Also, there is a separate 550 sq ft parcel that includes a 1 car oversize garage with stairs to full size loft area and a driveway with 1 parking spot at the rear of the building that is being sold separately. The parcel will be 1st offered to purchaser of the building before being listed.***
Listed by
Listing Agent - Scott Peterson
Listing Office - Keller Williams Realty Centre
Source: Bright MLS mls logo
MLS#MDFR2041020 • last updated 2 years ago
Movoto checked Bright MLS for data 5 minutes ago
Overview
Cooling/AC Ductless/Mini-Split, Electric
Heating Electric
Levels/Style Other
Type Multi-Family
SubType Triplex
Status Closed
SqFt 3452
Lot Size (SqFt) 1619
Lot Size (Acres) 0.04
County Tax 3992, Annually
City/ Town Tax 2749
Tax: Assessed Value 411000
Annual Property Tax 6742
Year Built 1880
Municipality Frederick City
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Outside Entrance, Shelving, Unfinished
Appliances Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
Accessibility Features Other
Exterior
Roof Metal
Construction Brick
# Parking Spaces 1
# Off-Street Spaces 1
Parking Desc Off Street, On Street
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Utilities Natural Gas Available
Sewer/ Septic Public Sewer
Pool No Pool
Security Features Smoke Detector
Location
Water Source Public
School District FREDERICK COUNTY PUBLIC SCHOOLS
Directions Market Street To E. Third And The Property Is One Block Up On Your Left.
Zoning DR
Multifamily Details
# 1-Bedroom Units 2
# 2-Bedroom Units 1
# Units Furnished None
# Units Vacant 3
$640K
Range: $518K-$761K
Last 30 days 
Rental est.: $1,600/month
Gross rent multiplier: 38.0
  • Nov 2023
    mls logo MLS # MDFR2041020
  • Nov 27, 2023 Sold
    $710,000 (-2.7%)
  • Nov 7, 2023 Pending
  • Oct 26, 2023 Listed
    $730,000
  • 101 E Third St
    $710K
  • Downtown Frederick
    $589K -2% y/y
  • 21701
    $527K +5% y/y
  • Frederick
    $519K +3% y/y
No chart available
Statistics calculated by Movoto

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  • Skip staging and repairs
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6/10
Spring Ridge Elementary School
public Grades PK, K-5
Frederick County Public Schools
6/10
Gov. Thomas Johnson Middle School
public Grades 6-8
Frederick County Public Schools
4/10
Gov. Thomas Johnson High School
public Grades 9-12
Frederick County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 5/27/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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