327 E 3RD
About This Property
Just a short stroll to vibrant downtown shops, restaurants, Carroll Creek, bakeries, art galleries, breweries, and Frederick's beloved arts and crafts scene, this location offers an exceptional, walkable lifestyle. Enjoy easy access to local favorites, community events, festivals, and scenic creekside paths right outside your door.
Inside, the home retains much of its original charm while offering important updates that count, including a newer roof with added insulation. The appliances are young, and the washer and dryer are newer. The upper floors offer abundant natural light throughout.
With excellent bones and timeless character, this well-loved home is patiently awaiting your cosmetic touches and final improvements to truly make it shine.
A rare opportunity to own a charming downtown Frederick home with incredible walkability, character, private outdoor space, and endless potential. This one is worth a second look!
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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 11, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Jun 16, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $369,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
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PRICED TO SELL in the heart of Downtown Frederick! Welcome to 327 E 3rd Street, a charming 3-bedroom, 1.5-bath home with storybook charm on a level fenced lot with parking, a backyard garden, a side walkway to the rear yard, and a welcoming front porch.
The main level opens to the living room and continues to the dining room, kitchen, powder room, sunroom, and rear door leading to the yard and garden. The second level features two bedrooms, a full bathroom, a separate laundry room, and access to the summer balcony. The third level offers a spacious bedroom with added privacy, good storage, and an exposed brick chimney.
Tucked away on a quiet street this home offers three levels above grade with a dirt floor basement and good storage throughout. It is full of character, natural light, and the walkable lifestyle that makes downtown living so special.
Enjoy favorite local shops, restaurants, bakeries, breweries, galleries, Carroll Creek, parks, festivals, and community events just a short stroll from your front door.
Start your morning on the sunny front porch, then step into the private fenced rear garden filled with a magnolia tree, perennials, and quiet little corners to relax, read, or garden.
Rear alley access with parking adds valuable convenience for downtown living. Inside, this artist’s home is filled with natural light, creative character, and the warmth of a well-loved historic home. It is just waiting for your personal touches.
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| Jun 8, 2026 | Price Decreased |
$400,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by RLAH @properties | $420,000 | |
| Listed by RLAH @properties | |||
Property Highlights
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About Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017