5606 OLD NATIONAL PIKE
About This Property
The home's storybook exterior is highlighted by a charming covered wraparound porch, perfect for relaxing in a rocking chair, or welcoming guests. The inviting, lush outdoor space beautifully complements the home's historic facade and extends the living area into the outdoors.
Inside, the warmth and character of early 20th-century craftsmanship are on full display, from the original American Chestnut woodwork to gleaming hardwood floors and intricate trim detailing. The spacious living room features a cozy propane fireplace, creating a comfortable setting for gathering with family and friends. A formal dining room provides the perfect backdrop for elegant meals, while the updated kitchen is equipped with modern appliances, island, and ample cabinetry, making meal preparation a pleasure.
Just off the kitchen, an extended mudroom, with a full bath leads to a spacious and airy screened-in porch, a true highlight of the home. This peaceful retreat offers the perfect place to unwind, dine or enjoy the surrounding gardens and fresh air without the bother of insects or weather. Whether used for morning coffee or evening conversations, this flexible outdoor space feels like a private oasis.
With six generously sized bedrooms and four full bathrooms spread across multiple finished levels, the home offers flexible living arrangements ideal for large families, multigenerational households, or guests. A second-floor laundry room adds convenience and functionality to the upper levels.
Recent newer upgrades include fresh paint, two zoned heat pumps, water heater, updated electrical systems, and a lightning rod system, enhancing the home's safety.
Outside, the nearly three-quarter-acre lot is thoughtfully landscaped, providing space for gardening, recreation, and quiet reflection. A detached two-car garage, 4 space driveway, and ample off-street parking round out the property's practical features.
Located within the Frederick County Public School system, the home also benefits from excellent commuter access to I-70 and other major routes. Whether you're heading into downtown Frederick or commuting to Washington, D.C. or Baltimore, the location strikes a perfect balance between suburban tranquility and urban accessibility.
This lovely home is a rare blend of historic elegance, thoughtful updates, and everyday livability. From its charming wraparound porch and original woodwork to its spacious and airy screened-in retreat, this exceptional property offers a unique opportunity to own a piece of Frederick County's rich architectural heritage...refined for modern living.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017