7229 BOWERS ROAD
About This Property
Outside, the .88-acre property is where this home truly sets itself apart. Two substantial outbuildings and an additional shed provide an abundance of space and possibilities, while an established garden adds to the property's charm. Along the eastern edge, a gently flowing stream creates a peaceful natural backdrop and brings an unexpected sense of tranquility to the setting.
Whether you envision expanding your workshop, cultivating the gardens, creating dedicated studio or hobby spaces, or simply enjoying the room to spread out, this property offers a rare degree of flexibility. With its combination of land, substantial outbuildings, workshop space, and natural surroundings, 7229 Bowers Road presents an exciting opportunity to make the property distinctly your own.
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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 |
|---|---|---|---|
| Sep 14, 2026 | In contract | - | |
| In contract | |||
| Sep 9, 2026 | Listed by TTR Sotheby's International Realty | $375,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Jan 2, 2020 | No longer available | - | |
| No longer available | |||
| Jun 19, 2019 | Listed | $274,900 | |
| Listed | |||
| | |||
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This is a very nice brick Rancher Close to Frederick But no city Taxes. Well maintained with lots of landscaping. Nice big yard with fenced Garden. Full basement with lots of storage. More storage in the three sheds. The manager has listed the unit size as 1190 square feet.
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| Jul 30, 1991 | Sold | ||
| Sold | |||
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About Frederick
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017