16700 Frederick Rd, Mount Airy, MD 21771

Mount Airy
Local realty services provided by:ERA Martin Associates
16700 Frederick Rd,Mount Airy, MD 21771
$774,900
  • 8 Beds
  • - Baths
  • 8,566 sq. ft.
  • Multi-family
  • Pending
Listed by: vishal p doddanna
Office: keller williams realty centre
MLS#:MDHW2067038
Source:BRIGHTMLS

Price summary

  • Price:$774,900
  • Price per sq. ft.:$90.46

About this home

**MULTIPLE LOIs RECEIVED, HIGHEST AND BEST DUE MONDAY 5/11 @ 5PM**The Mt. Airy Investment Portfolio is a mixed-use assemblage comprising four income-producing units located at 16700–16708 Frederick Road (Route 144) in Mt. Airy, Maryland. The portfolio consists of a single-family residence, a residential duplex, and a commercial auto repair shop with associated garage and gravel lot — all situated along the Frederick Road corridor with direct access to I-70. The property is 100% occupied and generates $74,160 in current gross rental income. However, rents across all units are materially below market, presenting an immediate mark-to-market opportunity of at least $20,400 annually upon lease rollover. All tenants are currently on monthly renewals, offering a near-term rent reset event. This offering represents a compelling blend of stabilized cash flow and clearly identifiable value-add upside for investors seeking small-balance mixed-use portfolios in growing suburban Maryland...

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Home facts

  • Year built:1900
  • Listing ID #:MDHW2067038
  • Added:155 day(s) ago
  • Updated:September 16, 2026 at 08:03 AM

Rooms and interior

  • Bedrooms:8
  • Living area:8,566 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Multi Units, Window Unit(s)
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Architectural Shingle, Flat, Pitched, Rubber
  • Year built:1900
  • Building area:8,566 sq. ft.
  • Lot area:1 Acres
  • Construction Materials:Block, Frame, Log, Vinyl Siding
  • Foundation Description:Block

Schools

  • High school:GLENELG
  • Middle school:GLENWOOD
  • Elementary school:LISBON

Utilities

  • Water:Private, Well
  • Sewer:Gravity Sept Fld, Private Septic Tank, Septic Exists, Shared Septic

Finances and disclosures

  • Price:$774,900
  • Price per sq. ft.:$90.46
  • Tax amount:$9,711 (2025)

Features and amenities

  • Amenities:Natural Gas Available

Parking

  • Parking description:Asphalt Driveway, Gravel Driveway

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