Spicer Real Estate
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$774,900
Active Active
MD,Mount Airy

Location 16700 FREDERICK ROAD, Mount Airy, MD 21771

  • Sqft 8,566 Sqft SQFT
  • Bed 8
  • Bath 6
Basic Details Basic Details
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, an...

**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**

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Basic Details
  • Property Type: Residential
  • Listing Type: Active
  • Listing ID: MDHW2067064
  • Price: $774,900
  • Bedrooms: 8
  • Bathrooms: 6
  • Half Bathrooms: 3
  • Sqft: 8,566 Sqft
  • Year Built: 1900
  • Lot Area: 1 Acre
  • Location: US, MD, HOWARD-MD, Mount Airy, NONE AVAILABLE, 21771
  • Structure Type: Detached
  • Heating System: Forced Air, Central
  • Cooling System: Other, Ceiling Fan(s), Window Unit(s), Multi Units
  • Fireplace: Flue for Stove, Wood
  • Parking: Gravel Driveway, Asphalt Driveway
  • Full Bathrooms: 3
  • Listing Status: Active
  • Roof: Architectural Shingle, Rubber, Flat, Pitched
Features & Appliances
Features
  • Utilities: Natural Gas Available
  • Architectural Style: Other
  • Fireplaces Total: 1
  • Sewer: Other, Septic Exists, Private Septic Tank, Shared Septic
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Address Map Address Map
Neighborhood Neighborhood
  • Elementary School: LISBON
  • High School: GLENELG
  • Middle School: GLENWOOD
MLS Addon MLS Addon
  • Office Name: Keller Williams Realty Centre
  • Agent Name: Vishal P Doddanna
Additional Information Additional Information
  • Water Source: Private
  • Accessibility Features: None
  • Construction Materials: Frame, Block
  • Foundation Details: Block, Other
  • Levels: 2
  • On Market Date: 2026-04-20
Financial Financial
  • Tax Annual Amount: 9711.0
Listing Information Listing Information
  • Originating System Name: Bright
  • List Agent Mls Id: 144164
  • List Office Mls Id: KWR15
  • MLS Status: ACTIVE-BRIGHT
  • Modification Timestamp: 2026-06-18T15:24:46Z
  • Status Change Timestamp: 2026-04-20T04:00:00Z
Rob Spicer Broker, GRI Rob Spicer Broker, GRI Spicer Real Estate

7201 Wisconsin Avenue

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