Montgomery County · Commercial sale
Apartment complex at 302 N Frederick Ave in Gaithersburg sells for $2.6 million
An apartment complex at 302 N Frederick Ave, Gaithersburg sold for $2,600,000 on August 17, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $2,600,000
- Sold
- August 17, 2026
- Property type
- Apartment complex
- Building area
- 15,000 sq ft
- Price per sq ft
- $173
- Year built
- 1955
The apartment complex at 302 N Frederick Ave in Gaithersburg sold for $2,600,000 on August 17, 2026, according to the Maryland Department of Assessments and Taxation's property records. The assessor's records put its market value at $2,002,700. The sale price was 30% above that.
The deed covers 2 parcels. 302 N Frederick Ave is the largest one we could identify. The record lists Freestate Apartments LLC as the seller.
The assessor's records show 15,000 square feet of building area, a build year of 1955 and a 13,146-square-foot lot. The price works out to $173 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Montgomery County?
By our estimate, the seller's two largest charges, not counting prorations, were $25,285 for the recordation tax (Montgomery County) and $13,000 for the county transfer tax (Montgomery County). Who pays what follows Montgomery County custom.
How much did the seller net?
By our estimate, the seller netted about $2,551,225. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $2,648,655 at closing. That covers the full price and closing costs.
Source: Maryland Department of Assessments and Taxation, Real Property Assessments (Maryland Open Data), document 70837-0033. Property details: Montgomery County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
