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About This Property
Beautifully renovated split-level home in the established Carrollton community of Frederick offering the perfect mix of updates, functionality and location. This 3-bedroom, 2-bath home sits on a desirable corner lot across from the neighborhood park and features an open floor plan designed for comfortable everyday living and easy entertaining.
Inside, you'll find updated flooring, fresh paint, modern fixtures, retextured ceilings, and a renovated kitchen with updated appliances that flows seamlessly into the main living spaces. The sellers have invested in substantial upgrades over the years, including the roof, windows, water heater, bathrooms, flooring, kitchen improvements and sliding glass door to the deck, giving buyers peace of mind and true move-in-ready convenience.
The outdoor space adds even more value with a newly built deck (2025), partially fenced yard, and two storage sheds. With no HOA, buyers have the flexibility and freedom that is becoming harder to find.
Located just minutes from downtown Frederick, Carroll Creek, Baker Park, Wegmans, Giant, shopping, restaurants, breweries and major commuter routes, this home offers convenient access to everything buyers love about Frederick living while still feeling tucked into an established residential neighborhood.
A rare opportunity to own an updated home with space, charm and major improvements already completed - all at an incredible value for Frederick.
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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 |
|---|---|---|---|
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by LPT Realty, LLC | $450,000 | |
| Listed by LPT Realty, LLC | |||
| Sep 2, 2022 | No longer available | - | |
| No longer available | |||
| Jun 24, 2022 | Price Decreased |
$374,900
↓ $25K
(6.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017