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Sold on 08/16/2022

306 E 3rd St # a, Frederick, MD 21701

$470,000

Last sold 08/16/2022 for $420K

  • —

    bed

  • —

    bath

  • 1,608

    Sqft ($261/Sqft)

Multi-family not for sale
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About 306 E 3rd St # a

Property type Multi-family
Neighborhood
Year built 1915
HOA fee $0/month
Lot size 2,614 Sqft
Movoto estimate
Rental estimate
Property description
Fabulous opportunity to live in one section of the unit and rent out the other which is currently leased for $1400 per month through November. Are you an investor? Then rent out both the front and the back units for approximately $3200 in income each month ($38,400 per year). The front unit is a 2 bedroom, 2 bath unit that was recently remodeled. The back unit has one bedroom and one bathroom. The yard is flat and there is off-street parking for four vehicles.... hard to find in downtown Frederick! Backs to the Railroad Museum. Enjoy all the downtown amenities and festivities within walking distance, not to mention all the shopping and restaurants! No VA loans permitted due to separate metering. FHA ok if you live in one unit. See it soon so you don't miss out on this rare opportunity.
Listed by
Listing Agent - Chris R Reeder
Listing Office - Long & Foster Real Estate, Inc.
Source: Bright MLS mls logo
MLS#MDFR2022998 • last updated 3 years ago
Movoto checked Bright MLS for data 7 minutes ago
Overview
Cooling/AC Heat Pump(s), Electric
Heating Electric
Levels/Style Colonial
Type Multi-Family
Virtual Tour N/A
SubType Duplex
Status Closed
SqFt 2371
Lot Size (SqFt) 2685
Lot Size (Acres) 0.06
County Tax 2659, Annually
City/ Town Tax 1828
Tax: Assessed Value 264800
Annual Property Tax 4488
Year Built 1915
Condition Very Good
Municipality Frederick City
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Outside Entrance, Rear Entrance, Side Entrance, Unfinished, Walkout Stairs
Appliances Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stove, Washer, Water Heater
Interior Features 2nd Kitchen, Attic, Family Room Off Kitchen, Pantry, Stall Shower, Tub Shower, Wood Floors
Accessibility Features None
Exterior
Construction Vinyl Siding
Parking Desc Gravel Driveway, Off Street
# Parking Spaces 4
# Off-Street Spaces 4
Exterior Features Sidewalks
Existing Structures Above Grade, Below Grade
Lot Desc Level
Amenities / Utilities
Utilities Above Ground
Sewer/ Septic Public Sewer
Electricity 120/240V
Pool No Pool
Location
Subdivision DOWNTOWN FREDERICK
Water Source Public
High School GOVERNOR THOMAS JOHNSON
Elementary School SPRING RIDGE
School District FREDERICK COUNTY PUBLIC SCHOOLS
Middle School GOVERNOR THOMAS JOHNSON
Location Downtown
Directions Market Street To Right On Third, Cross Over To E. Third, Home Is On The Right.
Zoning DR, Residential Downtown
Multifamily Details
# 1-Bedroom Units 1
# 2-Bedroom Units 1
# Units Furnished None
$470K
Range: $423K-$517K
Last 30 days 
Rental est.: $1,584/month
Gross rent multiplier: 22.1
  • Aug 2022
    Public Records
  • Aug 16, 2022 Sold
    $420,000
  • Aug 2022
    mls logo MLS # MDFR2023548
  • Aug 16, 2022 Sold
    $420,000
  • Aug 1, 2022 Pending
    —
  • Jul 29, 2022 Listed
    $399,990
  • Aug 2022
    mls logo MLS # MDFR2022998
  • Aug 16, 2022 Sold
    $420,000 (+5.0%)
  • Aug 1, 2022 Pending
    —
  • Jul 26, 2022 Listed
    $399,990 (+73.9%)
  • Sep 2018
    mls logo MLS # 1003634924
  • Sep 12, 2018 Sold
    $230,000
  • Jul 23, 2013 Listed
    $234,999 (-3.3%)
  • Sep 2018
    mls logo MLS # 1003635306
  • Sep 12, 2018 Sold
    $230,000
  • Jul 23, 2013 Listed
    $234,999
  • Apr 2014
    Public Records
  • Apr 3, 2014 Sold
    $230,000 (-2.1%)
  • Feb 2014
    mls logo MLS # FR8140358
  • Feb 9, 2014 Cntg
    —
  • Dec 2, 2013 Price Change
    $234,999 (-6.0%)
  • Jul 23, 2013 Listed
    $249,900 (+6.3%)
  • Apr 2008
    Public Records
  • Apr 7, 2008 Sold
    $243,000 (-8.0%)
  • May 2004
    Public Records
  • May 14, 2004 Sold
    $264,000 (+39.0%)
  • Jul 2003
    Public Records
  • Jul 10, 2003 Sold
    $189,900
  • Year Property taxes Tax assessment
  • 2025
    $7,140 +28.0%
    $386,300 +11.71%
  • 2023
    $5,576 +15.4%
    $345,800 +30.59%
  • 2022
    $4,831 +12.4%
    $264,800 +5.79%
  • 2020
    $4,299 +14.3%
    $250,300 +6.15%
  • 2018
    $3,761 +45.0%
    $235,800 +6.55%
  • 2017
    $2,594 -33.9%
    $221,300 +16.47%
  • 2011
    $3,923
    $190,000
  • 306 E 3rd St # a
    $420K
  • Downtown Frederick
    —
  • 21701
    $479K -4% y/y
  • Frederick
    $489K -1% y/y
No chart available
Statistics calculated by Movoto

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6/10
Spring Ridge Elementary School
public Grades PK, K-5
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: 10/31/2026. 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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