Two-Bedroom End-Unit
For Sale
$329,000
2026 GOV THOMAS BLADEN WAY Unit 204, Annapolis, MD 21401
Private end-unit residence with a wooded outlook, deck, and recent HVAC and water heater updates.
Property Size1,070 SF
Days on Market24
Property Features for 2026 GOV THOMAS BLADEN WAY Unit 204
General Information
Standard status
Active
Size
1,070 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Building Details
Building Size
1,070 SF
Year Built
1998
Listing Agency:
Taylor Properties
Listed By:
Justin Ryan Pokrywka · License #670452
(443) 924-0601
Source:
Bradkappel
Added: Sep 12
Changed: Oct 3
Last Checked: Oct 4 at 1:35PM
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 Taylor Properties
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium is an end unit with a deck facing a wooded area and an adjacent walking path. The interior offers neutral finishes, while newer carpeting and kitchen flooring provide recent updates. The HVAC system and water heater have also been replaced in recent years.
The property is located at 2026 Gov Thomas Bladen Way, Unit 204, in Annapolis, Maryland, with access to Route 50 for travel toward Washington, D.C., Baltimore, and nearby destinations. Downtown Annapolis is only minutes away, while the wooded setting and nearby path add a quieter residential environment.
The property is located at 2026 Gov Thomas Bladen Way, Unit 204, in Annapolis, Maryland, with access to Route 50 for travel toward Washington, D.C., Baltimore, and nearby destinations. Downtown Annapolis is only minutes away, while the wooded setting and nearby path add a quieter residential environment.
Key Highlights
- Two‑bedroom, two‑full‑bath end‑unit condo
- Deck overlooks a wooded area and nearby walking path
- HVAC system and water heater updated in recent years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,441
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,820
$288.8K
Cap Rate 7%
$206,300
$206.3K
Cap Rate 9%
$160,456
$160.5K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$28.0K $26.16/SF
− Vacancy
−$1.7K −$1.62/SF
EGI
$26.3K $24.54/SF
− OpEx
−$11.8K −$11.04/SF
NOI
$14.4K $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%
$288,820
Cap Rate 7%
$206,300
Cap Rate 9%
$160,456
Alternative Uses
Best Use
Apartment 5plus
$206.3K
$180.5K – $240.7K
NOI $14,441 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.0K
$273.9K – $365.2K
NOI $21,910 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 21401, MD
39,308
Population
19,293
Households
2
Avg Household Size
44
Median Age
61%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
1,975
Density / Sq Mi
$119,296
Median Household Income
$67,845
Median Earnings
$2,106
Median Rent
$580,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Private end-unit residence with a wooded outlook, deck, and recent HVAC and water heater updates.
Where is this residential income property located?
The property is located at 2026 GOV THOMAS BLADEN WAY Unit 204 Annapolis, MD.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath end‑unit condo; Deck overlooks a wooded area and nearby walking path; HVAC system and water heater updated in recent years
