Building Details

Year built 1954

Number of units 1

Building materials Stucco

Architectural style Rambler

Listing Agency: Compass h***@compass.com Show Phone

Listed By: Jennifer Holden · License #639966 Show Phone

Added: Jul 31 Changed: Sep 17 Last Checked: Oct 8 at 5:06AM

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MLS# MDAA2152358

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1954 triplex contains three units: two two-bedroom, one-bath residences and a studio with one bath. One of the two-bedroom units includes a one-car garage, while the studio is incorporated into the garage area of another unit. The property has been maintained with newer roofing, windows, and HVAC systems, along with wood flooring, baseboard and forced-air heating, central air, and a window unit. A fireplace, detached garage, and driveway add to the physical improvements. The rambler-style building sits on a 0.4-acre parcel and provides 3,328 square feet of space.

Located at 3 Sheridan Road in Arnold, the property is near shopping, dining, services, Anne Arundel Community College, and the Greater Annapolis Y fitness center. Downtown Annapolis, the Bay Bridge, and Route 50 are described as minutes away, providing access toward Annapolis, Baltimore, and Washington, DC.

Key Highlights

• Three total units: two 2BR/1BA residences and one studio with 1 bath
• 3,328 square feet on a 0.4‑acre parcel
• Newer roof, windows, and HVAC systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,356

Cap Rate

8.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$967,120 $967.1K

Cap Rate 7%

$690,800 $690.8K

Cap Rate 9%

$537,289 $537.3K

Market Conditions

NOI Build-Up for 3,328 SF

Gross rent

$73.9K $22.20/SF

− Vacancy

−$4.8K −$1.44/SF

EGI

$69.1K $20.76/SF

− OpEx

−$20.7K −$6.23/SF

NOI

$48.4K $14.53/SF

Area

Anne Arundel County, MD

Vacancy

6.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$967,120

Cap Rate 7%

$690,800

Cap Rate 9%

$537,289

Alternative Uses

Best Use

Multifamily LT 5

$690.8K

$604.5K – $805.9K (±1% cap)

NOI $48,356 @ 7.0% cap · market cap 8.06%

Second Best

Apartment 5plus

$641.6K

$561.4K – $748.6K (±1% cap)

NOI $44,915 @ 7.0% cap · market cap 7.49%

Theoretical Best

Office A

$973.5K

$851.8K – $1.14M (±1% cap)

NOI $68,147 @ 7.0% cap · market cap 11.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Auto Repair Shop Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

470

Businesses Nearby

Explore this area Business Placement

Demographics for 21012, MD

22,377

Population

8,509

Households

2.6

Avg Household Size

41

Median Age

60%

College-Educated

98%

High-School Grad

9.8 sq mi

ZIP Area

2,283

Density / Sq Mi

$137,544

Median Household Income

$72,146

Median Earnings

$2,171

Median Rent

$552,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - Three-unit residential property with updated building systems, wood flooring, garage parking, and layouts suited to residential occupancy.

Where is this triplex located?

The property is located at 3 SHERIDAN Road Arnold, MD.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Three total units: two 2BR/1BA residences and one studio with 1 bath; 3,328 square feet on a 0.4‑acre parcel; Newer roof, windows, and HVAC systems