465 W South Street, Frederick, MD 21701

Property Description

Charming and well-located 2-bedroom rowhome in downtown Frederick offering a rare combination of comfortable living and private off-street parking for the home, along with 9 garage units and 13 parking spots - making this a rare find with exceptional income-generating potential. The home underwent a full renovation in 2019, including addition of an HVAC system, and has been well maintained, including recent exterior and interior painting. It has a history of successful use as both a short-term and long-term rental. One full bathroom is on the main level, with an additional toilet in basement (often found in pre-WWII homes, this historic property was built in 1860!). A standout feature is the extensive on-site parking infrastructure. The property includes private off-street parking for two vehicles directly behind the home, providing convenient residential access. In addition, the rear lot offers 13 rentable parking spaces and 9 garage units, creating significant flexibility and utility not commonly found in the area. Substantial improvements were completed in 2022, including structural shoring and stabilization of all garage units to ensure long-term integrity. The entire lot was re-graded, leveled, and re-gravelled, and surrounding trees were trimmed back to improve access, usability, and safety. In 2024, the garage roof was treated with protective tar coating to extend durability. All garages are equipped with electric service (metered separately from house), and the property is further enhanced with installed security cameras. A rare opportunity to own a residential property with substantial on-site parking capacity, storage, and income-producing potential in a highly desirable Frederick location. Leases available upon request. The main residence will be delivered vacant after May 31st, providing an ideal opportunity for owner-occupants or new market-rate tenants. Existing garage and parking leases offer immediate cash flow with the flexibility for the new owner to retain or terminate. Residential zoning. Buyer advised to perform due diligence regarding all building and development potential.