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123 W 5TH STREET W
About This Property
Inside, you'll find a functional and thoughtfully designed layout with updated kitchen and baths. The fully custom kitchen is a chef's dream, featuring abundant storage and workspace. A convenient laundry room just off the kitchen adds extra functionality and includes a laundry chute from the owner's suite above. A separate dining room, spacious living room with fireplace ready for an insert, and powder room complete the main level.
Upstairs offers three bedrooms and two full baths, along with a charming side balcony and a finished attic that provides valuable bonus space for a home office, studio, or guest area.
Outside, the fenced backyard is perfect for relaxing or entertaining, featuring a patio, workshop, and oversized parking pad. Enjoy the best of Downtown Frederick living with easy access to Baker Park, art galleries, restaurants, and more. Everything you love is just moments from your door. This is a rare opportunity you won't want to miss.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| May 30, 2026 | In contract | - | |
| In contract | |||
| May 2, 2026 | Price Decreased |
$579,000
↓ $21K
(3.5%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Long & Foster Real Estate, Inc. | $599,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Jan 18, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017