Top-Floor Residential Income
For Sale
$285,000
142 GEORGETOWN ROAD Unit 9, Annapolis, MD 21403
Three-bedroom condominium with a balcony, updated finishes, community recreation, and access to shopping and Annapolis destinations.
Property Size1,447 SF
Days on Market28
Property Features for 142 GEORGETOWN ROAD Unit 9
General Information
Standard status
Active
Size
1,447 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,109
Building Details
Building Size
1,447 SF
Year Built
1974
Listing Agency:
Redfin Corp
Listed By:
Arianit Musliu · License #674452
(443) 315-3156
Source:
Bradkappel
Added: Sep 9
Changed: Oct 3
Last Checked: Oct 5 at 11:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redfin Corp
Investment Insights
Based on property information with market context.
This top-floor condominium in Fairwinds of Annapolis offers three bedrooms and two full bathrooms within an open floor plan. The residence includes a private balcony, a primary bedroom with its own full bath, and two additional bedrooms served by a second bathroom. Recent updates include kitchen flooring, a countertop, a refrigerator scheduled for installation, and flooring in both bathrooms. The HVAC system was replaced in 2022.
Natural gas supports heating, hot water, and cooking. Community amenities include a pool and tennis courts, with free off-street parking and reserved parking available through the condominium association for a fee. The property is at 142 Georgetown Road in Annapolis, near grocery stores, coffee shops, restaurants, and Rita’s Italian Ice, with access to Downtown Annapolis, Eastport, the Naval Academy, Bay Ridge, and major commuter routes.
Natural gas supports heating, hot water, and cooking. Community amenities include a pool and tennis courts, with free off-street parking and reserved parking available through the condominium association for a fee. The property is at 142 Georgetown Road in Annapolis, near grocery stores, coffee shops, restaurants, and Rita’s Italian Ice, with access to Downtown Annapolis, Eastport, the Naval Academy, Bay Ridge, and major commuter routes.
Key Highlights
- Top‑floor condo at 142 GEORGETOWN ROAD Unit: 9, ANNAPOLIS, MD 21403
- Three bedrooms and two full bathrooms
- Private balcony and open floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,529
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,580
$390.6K
Cap Rate 7%
$278,986
$279.0K
Cap Rate 9%
$216,989
$217.0K
Market Conditions
NOI Build-Up for 1,447 SF
Gross rent
$37.9K $26.16/SF
− Vacancy
−$2.3K −$1.62/SF
EGI
$35.5K $24.54/SF
− OpEx
−$16.0K −$11.04/SF
NOI
$19.5K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,580
Cap Rate 7%
$278,986
Cap Rate 9%
$216,989
Alternative Uses
Best Use
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,529 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.3K
$370.4K – $493.8K
NOI $29,630 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 21403, MD
31,521
Population
15,479
Households
2
Avg Household Size
42
Median Age
58%
College-Educated
91%
High-School Grad
9.3 sq mi
ZIP Area
3,389
Density / Sq Mi
$115,068
Median Household Income
$64,638
Median Earnings
$1,872
Median Rent
$566,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with a balcony, updated finishes, community recreation, and access to shopping and Annapolis destinations.
Where is this residential income property located?
The property is located at 142 GEORGETOWN ROAD Unit 9 Annapolis, MD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Top‑floor condo at 142 GEORGETOWN ROAD Unit: 9, ANNAPOLIS, MD 21403; Three bedrooms and two full bathrooms; Private balcony and open floor plan
