Triplex with Three Finished
165 KING GEORGE Street Annapolis, MD 21401
For Sale
$1,375,000
MULTI_FAMILY - Other - ANNAPOLIS, MD
Property Size2,649 SF
Lot Size0.04 Acres
Price / SF$519.06
Days on Market237
Property Features for 165 KING GEORGE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Family Room, Basement
Parking features
On Street
Interior features
Ceiling Fan(s), Crown Moldings, Wood Floors, Built-Ins, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Table Space, Kitchen - Galley, Pantry, Recessed Lighting, Upgraded Countertops
Appliances
Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, WaterHeater
Standard status
Active
Size
2,649 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
11054
Utilities
Heating system
Zoned, Heat Pump (Heating)
Cooling system
Zoned, Central Air, Multi Units
Building Details
Year built
1900
Number of units
3
Building materials
Cedar, Shingle Siding
Architectural style
Other
Listing Agency:
CENTURY 21 New Millennium
(410) 266-9005
Listed By:
Michele M Michael · License #520013
(410) 320-7600
Added: Dec 5, 2025
Changed: Jul 13
Last Checked: Jul 30 at 5:06AM
MLS# MDAA2132270
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 for-sale triplex includes three fully finished levels with three above-grade units. The basement level provides storage area, HVAC, and a shared laundry area. All units are fully furnished and include kitchen appliances and household items that convey with the property.
The main level entry opens to a hallway with a stairwell leading to the upper level units, along with access to the main level unit and the basement. Apt 1 features a foyer, eat-in kitchen, full bath, living room, bedroom, and access to a rear patio fenced in area. Apt 2 includes a living room, kitchen, bath, two bedrooms, and access to the rear patio area. The third upper level has a full bath, galley kitchen, bedroom, and a large living area with space for additional furnishings.
The units have high ceilings and historic character with modern components. Parking details are provided in the documents section, and showings may require advanced notice due to scheduling for Units 2 and 3. A virtual tour is available to review the entire property.
The main level entry opens to a hallway with a stairwell leading to the upper level units, along with access to the main level unit and the basement. Apt 1 features a foyer, eat-in kitchen, full bath, living room, bedroom, and access to a rear patio fenced in area. Apt 2 includes a living room, kitchen, bath, two bedrooms, and access to the rear patio area. The third upper level has a full bath, galley kitchen, bedroom, and a large living area with space for additional furnishings.
The units have high ceilings and historic character with modern components. Parking details are provided in the documents section, and showings may require advanced notice due to scheduling for Units 2 and 3. A virtual tour is available to review the entire property.
Key Highlights
- Triplex with three fully finished levels above grade plus a basement level for storage, HVAC, and shared laundry
- Basement level includes shared laundry area and houses HVAC
- Apt 1: foyer, eat‑in kitchen, full bath, living room, bedroom, and access to a rear patio fenced in area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.8k | $22.20 |
| − Vacancy | −$3.8k | −$1.44 |
| EGI | $55.0k | $20.76 |
| − OpEx | −$16.5k | −$6.23 |
| NOI | $38.5k | $14.53 |
2,649 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.9K
$481.1K – $641.5K
NOI $38,490 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$510.7K
$446.9K – $595.9K
NOI $35,751 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$774.9K
$678.0K – $904.1K
NOI $54,243 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - For sale triplex offers three fully finished levels with three units and shared basement laundry and HVAC.
Where is this triplex located?
The property is located at 165 KING GEORGE Street Annapolis, MD.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Triplex with three fully finished levels above grade plus a basement level for storage, HVAC, and shared laundry; Basement level includes shared laundry area and houses HVAC; Apt 1: foyer, eat‑in kitchen, full bath, living room, bedroom, and access to a rear patio fenced in area
