24 COLLEGE AVENUE
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Monument Sotheby's International Realty | $515,000 | |
| Listed by Monument Sotheby's International Realty | |||
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Welcome to 24 College Avenue, where timeless charm, exceptional character, and an unbeatable Downtown Frederick lifestyle come together. Perfectly situated just moments from Baker Park, Carroll Creek Linear Park, Hood College, and the award-winning restaurants, boutiques, breweries, coffee shops, and galleries along Market Street, this beautifully maintained home offers the convenience of walkable living in one of Frederick's most beloved neighborhoods.
Inside, you'll find three bedrooms, one full bath, one half bath, and a finished lower level with built-in shelving, providing flexible space for a family room, home office, or recreation room. Rich hardwood flooring, beautiful original woodwork, classic trim, and abundant natural light create an inviting atmosphere filled with warmth, personality, and enduring craftsmanship.
Thoughtful updates complement the home's character, including a beautifully renovated second-floor full bathroom (2025), an enhanced kitchen featuring additional cabinetry, a custom Purpleheart wood countertop, and main-level laundry (2025), as well as a complete HVAC system replacement (2022) for added comfort and efficiency.
Enjoy mornings with a local coffee in hand, afternoons exploring Carroll Creek, evenings at Baker Park, and weekends spent browsing Frederick's farmers market, independent boutiques, and renowned dining scene all just a short stroll from your front door. Convenient access to US-15, I-70, and I-270 makes commuting simple while allowing you to enjoy everything Downtown Frederick has to offer.
A wonderful opportunity to own a home filled with character, thoughtful updates, and timeless appeal in the heart of Downtown Frederick.
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| Jan 28, 2022 | Sold | ||
| Sold | |||
| Nov 30, 2021 | Listed by Radcliffe Realty Group, LLC | $489,900 | |
| Listed by Radcliffe Realty Group, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017