316 Upper College Ter
Frederick, MD 21701
316 Upper College Terrace, Frederick, MD · Multifamily Property For Sale
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6 Units
Property Facts
| No. Units | 6 | Building Size | 6,941 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Year Built | 1922 | |
| Apartment Style | Low-Rise | Parking Ratio | 0.43/1,000 SF |
| Lot Size | 0.33 AC | ||
| Zoning | R6 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low-Rise |
| Lot Size | 0.33 AC |
| Building Size | 6,941 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | R6 |
About 316 UPPER COLLEGE TER , FREDERICK, MD 21701
Price Reduced: Located directly across from the main entrance to Hood College this 3-story brick residence contains almost 5,000 square of finished space above grade. Constructed in 1922 the Traditional Georgian-inspired home exudes historic charm with 9’ ceilings on the 1st and 2nd floors, bay windows, original wood floors on the main level and wood-cased windows and doors. The building has been modernized with 3 heat pump units serving the 1st and 3rd floors, new windows, and new water heaters. Currently consisting of six apartments yielding over $75,000 in gross income, the property offers several options: continued use an investment property; partial conversion for occupancy by the owners, with some units retained to provide rental income; or full conversion of the property into a single family detached home. The property includes a detached 3 car garage and surface parking for another 3 cars.
Property Taxes
| Parcel Number | 02-098881 | Improvements Assessment | $400,000 |
| Land Assessment | $372,100 | Total Assessment | $772,100 |
Property Taxes
