16700 Frederick Rd Mount Airy, MD 21771
Estimated payment $4,889/month
Highlights
- Multiple cooling system units
- Forced Air Heating System
- Wood Burning Fireplace
- Lisbon Elementary School Rated A
- Ceiling Fan
About This Home
The Mt. Airy Investment Portfolio is a mixed-use assemblage comprising four income-producing units located at 16700–16708 Frederick Road (Route 144) in Mt. Airy, Maryland. The portfolio consists of a single-family residence, a residential duplex, and a commercial auto repair shop with associated garage and gravel lot — all situated along the Frederick Road corridor with direct access to I-70. The property is 100% occupied and generates $74,160 in current gross rental income. However, rents across all units are materially below market, presenting an immediate mark-to-market opportunity of at least $20,400 annually upon lease rollover. All tenants are currently on monthly renewals, offering a near-term rent reset event. This offering represents a compelling blend of stabilized cash flow and clearly identifiable value-add upside for investors seeking small-balance mixed-use portfolios in growing suburban Maryland markets. **Tenant Items have been digitally removed**
Listing Agent
(410) 312-0000 klrw676@kw.com Keller Williams Realty Centre Brokerage Phone: 4103120000 Listed on: 04/18/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,711
Year Built
- Built in 1900
Lot Details
- 1 Acre Lot
- Property is in good condition
Home Design
- Flat Roof Shape
- Block Foundation
- Frame Construction
- Pitched Roof
- Architectural Shingle Roof
- Rubber Roof
- Vinyl Siding
- Log Siding
Interior Spaces
- 8,566 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Laundry in unit
Parking
- 15 Parking Spaces
- 15 Driveway Spaces
- Gravel Driveway
Schools
- Lisbon Elementary School
- Glenwood Middle School
- Glenelg High School
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Well
- Natural Gas Water Heater
- Gravity Septic Field
- Septic Tank
- Shared Septic
Listing and Financial Details
- Assessor Parcel Number 1404367464
Community Details
Overview
- 4 Units
Building Details
- Income includes apartment rentals, shop rentals
- Operating Expense $17,551
- Gross Income $74,160
- Net Operating Income $56,609
Map
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2026 04/18/26 | For Sale | $774,900 | -- | $90 / Sq Ft |
Source: Bright MLS
MLS Number: MDHW2067038
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Ask me questions while you tour the home.