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Map
711 IRON FORGE ROAD #28
About This Property
The open main level brings the kitchen, dining, and living areas together. A spacious island offers seating in the kitchen, while large windows fill the living space with natural light. Step outside onto one of two terraces for a breath of fresh air or a place to unwind. The main-level primary suite features a tray ceiling and an en suite bath with a glass-enclosed shower. Upstairs, two additional bedrooms provide flexible space for guests, work, or hobbies. A dedicated laundry room adds convenience.
Enjoy community walking paths and a picnic area, with downtown Frederick's shops and restaurants, outdoor recreation, and major routes within easy reach. Come see all this nearly new home has to offer!
Listed By
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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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$405,000
↓ $11K
(2.6%) | |
| Price Decreased | |||
| Oct 1, 2026 | Listed by AHC Real Estate LLC | $416,000 | |
| Listed by AHC Real Estate LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/26/2026
|
3 Bed
|
2 Bath
|
2222 ft²
|
$416,000
3 Bed
2 Bath
2222 ft²
|
-
-
|
Jessica Maria Mikiyo Ciecwierz
AHC Real Estate LLC
| |
|
08/14/2024
| |
2 Bed
|
2 Bath
|
1235 ft²
|
$377,799
2 Bed
2 Bath
1235 ft²
|
$381,428
+0.96%
04/11/2025
|
Kelly Moskala
Long & Foster Real Estate, Inc.
|
|
09/25/2024
|
3 Bed
|
3 Bath
|
2527 ft²
|
$453,000
3 Bed
3 Bath
2527 ft²
|
$473,453
+4.52%
04/11/2025
|
Kelly Moskala
Long & Foster Real Estate, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017