Two-Bedroom Residential Income
For Sale
$490,000
2010 QUAY VILLAGE COURT Unit 101, Annapolis, MD 21403
Two-bedroom, two-bath unit with community pools, tennis courts, beach access, and walking trails.
Property Size1,280 SF
Days on Market370
Property Features for 2010 QUAY VILLAGE COURT Unit 101
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,662
Amenities
24 hour security
swimming pools
tennis courts
beach
walking trails
Building Details
Building Size
1,280 SF
Year Built
1987
Tenancy
null
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Minnie C Ramirez · License #67378
(410) 271-1714
Source:
Bradkappel
Added: Oct 1, 2025
Changed: Oct 3
Last Checked: Oct 4 at 4:42PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, two-bath unit built in 1987, with a distant view of the Bay. The second bedroom windows were replaced in 2024. The property is offered in as-is condition.
Community amenities include 24-hour security, swimming pools, tennis courts, a beach, and walking trails. Access to Washington, DC, and Baltimore is available via Bay Ridge Road, Route 50, and Route 97.
Community amenities include 24-hour security, swimming pools, tennis courts, a beach, and walking trails. Access to Washington, DC, and Baltimore is available via Bay Ridge Road, Route 50, and Route 97.
Key Highlights
- Two‑bedroom, two‑bath unit with a distant Bay view
- Second bedroom windows replaced in 2024
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,275
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,500
$345.5K
Cap Rate 7%
$246,786
$246.8K
Cap Rate 9%
$191,944
$191.9K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$33.5K $26.16/SF
− Vacancy
−$2.1K −$1.62/SF
EGI
$31.4K $24.54/SF
− OpEx
−$14.1K −$11.04/SF
NOI
$17.3K $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%
$345,500
Cap Rate 7%
$246,786
Cap Rate 9%
$191,944
Alternative Uses
Best Use
Apartment 5plus
$246.8K
$215.9K – $287.9K
NOI $17,275 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,210 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Null-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
330
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 - Two-bedroom, two-bath unit with community pools, tennis courts, beach access, and walking trails.
Where is this residential income property located?
The property is located at 2010 QUAY VILLAGE COURT Unit 101 Annapolis, MD.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath unit with a distant Bay view; Second bedroom windows replaced in 2024; Built in 1987
