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Listed by Vishal Doddanna • Keller Williams Realty Centre

$774,900

Est. payment - /mo

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8,566 SqFt

Under Contract

16700 FREDERICK RD Mount Airy, MD 21771

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Under Contract

Purchase Type For Sale

Square Footage 8,566 sqft

Price per Sqft $90

MLS Listing ID MDHW2067038

Style Other

Abv Grd Liv Area 8,566

Year Built 1900

Available Date 2026-05-04

Annual Tax Amount $9,711

Tax Year 2025

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Other

Source BRIGHT

Property Description

**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 markets. **Tenant Items have been digitally removed**

Location

State MD

County Howard

Zoning RCDEO

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Multi Units, Ceiling Fan(s), Window Unit(s)

Fireplaces Number 1

Fireplaces Type Wood, Other

Fireplace Y

Heat Source Natural Gas

Laundry Dryer In Unit, Washer In Unit

Exterior

Garage Spaces 15.0

Utilities Available Natural Gas Available

Water Access N

Roof Type Architectural Shingle,Flat,Pitched,Rubber

Accessibility None

Total Parking Spaces 15

Garage N

Building

Foundation Block

Above Ground Finished SqFt 8566

Sewer Other, Shared Septic, Septic Exists, Private Septic Tank, Gravity Sept Fld

Water Private, Well

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Lisbon

Middle Schools Glenwood

High Schools Glenelg

School District Howard County Public School System

Others

Tax ID 1404367464

Ownership Fee Simple

SqFt Source 8566

Acceptable Financing Cash, Conventional, Bank Portfolio

Listing Terms Cash, Conventional, Bank Portfolio

Financing Cash,Conventional,Bank Portfolio

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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16700 FREDERICK RD Mount Airy, MD 21771

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Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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16700 FREDERICK RD