Welcome to 506 N Market St, a charming 3-bedroom, 1.5-bath home in the heart of Frederick, where classic character meets thoughtful modern updates. The property is deeded for both residential and business use and is currently operating as a highly successful short-term rental. This historic Frederick gem boasts an impressive 9.8 rating on VRBO and a 4.92 rating on Airbnb, with the owner recognized as an Airbnb Superhost for five consecutive years. The desirable downtown Market Street location attracts guests seeking the charm and convenience of being within walking distance of restaurants, breweries, and retail shops. Interested in continuing the established rental operation? All furnishings and supplies are available for separate purchase, making it easier to step in and maintain the property's existing setup. The main level features a recently renovated kitchen with fresh finishes, a comfortable living and dining area, and a convenient half bath. Upstairs, three bedrooms and an updated full bath provide flexible space for everyday living, guests, or a home office. The lower level offers valuable additional storage and utility space. Outside, enjoy a private fenced patio area, perfect for morning coffee, grilling, or unwinding after a day downtown. Updated heating and air conditioning provide year-round comfort. Best of all, Historic Downtown Frederick is right outside your door, with more than 200 local shops, restaurants, galleries, breweries, and entertainment options nearby. Enjoy a stroll along Carroll Creek Park, explore Baker Park, visit the National Museum of Civil War Medicine or the Museum of Frederick County History, and catch a show at the Weinberg Center for the Arts. Commuters will appreciate nearby TransIT service, easy access to US-15, I-70, and I-270, and MARC rail service connecting Frederick with Baltimore and Washington. Enjoy city living with Frederick charm, convenience, and plenty to explore. Mortgage savings may be available for buyers of this listing.