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16 5TH ST E
About This Property
Located just one block from Market Street in the heart of downtown Frederick, this exceptional semi-attached home was thoughtfully renovated to preserve its original soul while introducing the features today's homeowners desire. Even more rare for downtown living-this property includes two assigned off-street parking spaces.
Step inside and feel immediately at home among rich hardwood floors, timeless architectural details, and beautifully curated finishes. The kitchen is both elegant and functional, featuring furniture-quality custom cabinetry with inset doors and drawers, granite countertops, stainless steel appliances, a center island, and a sunlit window over the sink-creating a space equally suited for quiet mornings or lively gatherings. A main-level half bath, main-level laundry, and practical mudroom entry add thoughtful convenience to daily life.
The spacious living and dining area is a true showpiece, where a coffered ceiling, custom plantation shutters, and gas fireplace create warmth, sophistication, and inviting ambiance. The original Victorian newel post stands proudly as a beautiful reminder of the home's heritage, adding authentic character that cannot be replicated.
Upstairs, the primary suite offers a walk-in closet and private ensuite bath featuring a jetted tub and tile surround. Two additional generously sized bedrooms and a second full bath provide flexibility for guests, family, or office space.
With historic elegance, gas heat, central air, excellent closet space, multiple baths, off-street parking, and walkable access to shops and restaurants, this home offers an exceptional opportunity to enjoy downtown living without compromise.
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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 |
|---|---|---|---|
| Jun 18, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Relisted | $530,000 | |
| Relisted | |||
| May 7, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Listed by Bach Real Estate | $530,000 | |
| Listed by Bach Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017