114 Water Thru 116 Street, Frederick, MD 21701

Property Description

Rare opportunity to own a fully renovated multi-family home in the heart of Downtown Frederick, featuring two separately metered units on one deed - perfect for investors, house hackers, or owner-occupants. Both units offer identical 2-bedroom, 1-bathroom layouts with access to a spacious backyard and off-street parking. Unit 114 has been beautifully updated with new laminate flooring, fresh paint, new appliances, and a remodeled bathroom. Unit 116 is tenant-occupied and currently rented at $1,900/month with a lease in place through February 28, 2026, providing immediate rental income. Major renovations were completed in 2013, including new siding, drywall, plumbing, electrical, and windows. The roof was replaced in 2018. Located just minutes from shops, restaurants, nightlife, and the MARC train, this property offers unmatched walkability and long-term upside. Live in one unit and rent the other, lease both for consistent cash flow, or convert into a single-family home - this Downtown gem is filled with potential.