Simon Overmiller Team

Realtor
License# RS333462

16700 FREDERICK ROAD, Mount Airy, MD 21771

 (Sold on )

$774,900

  • Open House
  • New Listing
  • Price Reduced$1
  • Active
-1 More Schedule
  • 8 BedroomBeds
  • 6 BathroomBaths
  • 8,566Sqft
  • 0Acres
  • Single FamilyType
  • MDHW2067064MLS#
-1 More Schedule

Property 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**

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Property Details 16700 FREDERICK ROAD, MOUNT AIRY, MD 21771

Facts & Features

  • MLS #: MDHW2067064
  • Status: Active
  • Date Listed: 04/13/2026
  • Type: Single Family
  • Year Built: 1900
  • Style: Other
  • Price: $774,900
  • Acres: 1.00
  • County: Howard
  • Bedrooms: 8
  • Bathrooms: 6
  • Full Baths: 3
  • Half Baths: 3
  • Total SqFt: 8,566

Amenities

  • Parking: Gravel Driveway, Asphalt Driveway
  • Waterfront Type: Private

Interior

  • Utilities: Natural Gas Available
  • Heating: Forced Air, Central
  • Cooling: Other, Ceiling Fan(s), Window Unit(s), Multi Units
  • Fireplaces Total: 1

Exterior

  • Roof: Architectural Shingle, Rubber, Flat, Pitched
  • Construction: Frame, Block

Schools

  • School District: Howard County Public School System
  • Elementary: Lisbon
  • Middle: Glenwood
  • High: Glenelg

Additional Information

  • Zoning: Rcdeo

Tax Information

  • Tax: $9,711

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