$120,000
●
Condo -
Off Market
1401 KEY PKWY #302
FREDERICK, MD 21702
2 Beds
2 Baths,
1
Half Bath
916 Ft²
$100,168
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Investment opportunity! This ground level 2 bedroom, 1.5 bath unit
is the perfect location for your next project, with shopping,
restaurants and downtown Frederick just minutes away. This
unit has original appliances with a washer and dryer in unit and a
private patio just off the living room. Priced below assessed value
and recent sales in the neighborhood. Cash, hard money or rehab
loans only. Hurry, won't last long!
Unit Size
916 Ft²
Days on Market
-
Land Size
-
Price per sqft
$109
Property Type
Condo
Property Taxes
$152
HOA Dues
-
Year Built
1986
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 years ago (Bright MLS #MDFR2036122)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 24, 2024 | Sold | ||
| Sold | |||
| Dec 18, 2023 | In contract | - | |
| In contract | |||
| Dec 3, 2023 | Relisted | $195,000 | |
| Relisted | |||
| Nov 16, 2023 | In contract | - | |
| In contract | |||
| Nov 10, 2023 | Relisted | $195,000 | |
| Relisted | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Parking Lot
Interior Details
Bedrooms on Main Level: 2
Interior Features: Carpet, Family Room Off Kitchen, Floor Plan - Traditional, Formal/Separate Dining Room
Appliances: Dishwasher, Oven/Range - Electric, Range Hood, Washer, Water Heater, Dryer, Refrigerator
Flooring Type: Carpet, Vinyl, Concrete
Living Area Square Feet Source: Estimated
Wall & Ceiling Types
Laundry Type: Dryer In Unit, Washer In Unit
Exterior Details
Property Manager Present
Ownership Interest: Condominium
Property Condition: Major Rehab Needed
Year Built Source: Assessor
Foundation Details: Slab
Other Structures: Above Grade, Below Grade
Roof: Unknown
Structure Type: Unit/Flat/Apartment
Construction Materials: Vinyl Siding
Unit Building Type: Garden 1 - 4 Floors
Outdoor Living Structures: Patio(s)
No Pool
Tidal Water: N
Land Assessed Value: $115,000
Finished Square Feet: 916
Finished Square Feet Source: 916
Financial Details
County Tax: $1,082
County Tax Payment Frequency: Annually
City Town Tax: $745
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $115,000
Tax Year: 2022
Tax Annual Amount: $1,827
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Common Area Maintenance
HOA/Condo/Coop Amenities: Common Grounds
Condo/Coop Fee: $270
Washer/Dryer/Hook Up in Unit: Yes
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/12/2025
|
2 Bed
|
1 Bath
|
916 ft²
|
$179,000
2 Bed
1 Bath
916 ft²
|
$175,000
-2.23%
08/21/2026
|
Matthew Tomlinson
Solara Realty
| |
|
11/29/2025
|
3 Bed
|
2 Bath
|
1065 ft²
|
$230,000
3 Bed
2 Bath
1065 ft²
|
$220,000
-4.35%
03/27/2026
|
Bryant Ferreira
HomeSmart
| |
|
06/16/2023
|
2 Bed
|
2 Bath
|
916 ft²
|
$100,000
2 Bed
2 Bath
916 ft²
|
$120,000
+20.00%
06/30/2023
|
Allison Zerr
Compass
| |
|
06/16/2023
|
3 Bed
|
2 Bath
|
1068 ft²
|
$175,000
3 Bed
2 Bath
1068 ft²
|
$200,000
+14.29%
07/17/2023
|
Margaret McEvoy
Real Estate Teams, LLC
| |
|
11/30/2022
|
3 Bed
|
2 Bath
|
1065 ft²
|
$175,000
3 Bed
2 Bath
1065 ft²
|
-
-
|
Carolyn Young
RE/MAX 1st Realty
| |
|
04/21/2022
|
2 Bed
|
1 Bath
|
-
|
$155,000
2 Bed
1 Bath
|
-
-
|
Tom Patel
Allison James Estates & Homes
| |
|
11/02/2021
|
2 Bed
|
1 Bath
|
841 ft²
|
$119,900
2 Bed
1 Bath
841 ft²
|
-
-
|
Darren Ahearn
RE/MAX Results
| |
|
09/19/2021
| |
2 Bed
|
1 Bath
|
-
|
$129,000
2 Bed
1 Bath
|
-
-
|
Michelle B Hodos
Frederick
|
|
06/03/2019
|
3 Bed
|
2 Bath
|
-
|
$120,000
3 Bed
2 Bath
|
$120,000
08/16/2019
|
Martin Cuzzi
Cuzzi Realty, Inc.
| |
|
07/29/2017
| |
2 Bed
|
1.5 Bath
|
950 ft²
|
-
2 Bed
1.5 Bath
950 ft²
|
-
-
|
-
|
Building Info
About Frederick
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Listed by: Kate Dutton
Compass
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDFR2036122
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Compass
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# MDFR2036122
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