About This Home

This 0-bedroom, 0-bathroom residential multi family at 16700 FREDERICK Road in Mount Airy, MD is listed for $774,899 ($90 per sqft). Built in 1900, the home offers 8,566 sqft of living space on a 1.00 acres lot.

Key Features

  • Built in 1900
  • 1.00 acre lot
  • 15 parking spaces
  • Fireplace

Property Details

15 spaces
1900

Amenities

FireplaceA/C
Listing Description

***Live for free while your tenants pay off the property!*** The Mt. Airy Investment Portfolio at 16700-16708 Frederick Road (Route 144) offers a rare opportunity for an owner-occupant: live in one of the residential units and let the other income-producing units cover your mortgage, with projected positive cash flow of $450-$800+/month depending on which unit you call home.

Special owner-occupant financing is available for well-qualified buyers, terms not available elsewhere. Ask us for the details. The assemblage includes a single-family residence, a residential duplex, and a commercial auto repair shop with garage and gravel lot, all 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. Rents across all units are materially below market, offering at least $20,400 in annual upside on lease rollover. The residential tenants are on month-to-month renewals, so new rents can be set soon, and the commercial auto garage lease runs through March 2027.

This is a strong fit for a buyer who wants to live in their investment, as well as for investors seeking small-balance mixed-use property in a growing suburban Maryland market. Cash flow is based on projected market rents. **Tenant Items have been digitally removed**

Monthly Cost Estimate

$4,144/mo

20% down · 6.5% · 30 years

Principal$560
Interest$3,358
Insurance$226

Estimates only. Actual payments may vary.

Location

16700 FREDERICK Road

Mount Airy, MD 21771

Property Details

Construction

Frame Block Log Vinyl Siding

Parking

Driveway

Heating

Forced Air

Cooling

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

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 16700 FREDERICK Road is listed at $774,899 ($90/sqft). The estimated monthly payment is $4,144 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 1.00 acre lot, 15 parking spaces, Fireplace.

This property is listed by Vishal P Doddanna.

VD

Vishal P Doddanna

License 618185

Agent at Keller Williams Realty Centre

Listed by Keller Williams Realty Centre · Broker phone: (410) 312-0000 · View on Broker Site

MLS# MDHW2067038· Source: Bright MLS· 191 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16700 FREDERICK Road, Mount Airy, MD 21771

Open this listing in: