Updated Residential Income
For Sale
$340,000
2052 QUAKER WAY Unit 10, Annapolis, MD 21401
Two-bedroom, two-bath condo with a renovated kitchen and convenient access to major Annapolis-area routes.
Property Size1,113 SF
Days on Market59
Property Features for 2052 QUAKER WAY Unit 10
General Information
Standard status
Active
Size
1,113 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,274
Building Details
Building Size
1,113 SF
Year Built
1997
Listing Agency:
Samson Properties
Listed By:
Justin Disborough · License #652834
(410) 349-7871
Source:
Bradkappel
Added: Aug 23
Changed: Oct 12
Last Checked: Oct 19 at 5:32PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium was built in 1997 and has been refreshed with light tan luxury vinyl plank flooring throughout, updated hardware, and a fully renovated kitchen. The kitchen includes custom 42-inch cabinetry, an oven and microwave combination, a separate cooktop, and a counter-depth refrigerator. Positioned a half flight above the entry level, the unit avoids multiple flights of stairs and offers a straightforward layout for daily use.
The property is in Annapolis with access to Route 50 and Route 97. Shopping, restaurants, and entertainment are available around Annapolis Mall and the Parole Towne Center area, while the location also provides access to downtown Annapolis and nearby dining. The condo combines updated interior finishes with a convenient regional setting.
The property is in Annapolis with access to Route 50 and Route 97. Shopping, restaurants, and entertainment are available around Annapolis Mall and the Parole Towne Center area, while the location also provides access to downtown Annapolis and nearby dining. The condo combines updated interior finishes with a convenient regional setting.
Key Highlights
- Two‑bedroom, two‑bath condominium built in 1997
- Renovated kitchen with custom 42‑inch cabinetry and separate cooktop
- Oven and microwave combination plus counter‑depth refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,021
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,420
$300.4K
Cap Rate 7%
$214,586
$214.6K
Cap Rate 9%
$166,900
$166.9K
Market Conditions
NOI Build-Up for 1,113 SF
Gross rent
$29.1K $26.16/SF
− Vacancy
−$1.8K −$1.62/SF
EGI
$27.3K $24.54/SF
− OpEx
−$12.3K −$11.04/SF
NOI
$15.0K $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%
$300,420
Cap Rate 7%
$214,586
Cap Rate 9%
$166,900
Alternative Uses
Best Use
Apartment 5plus
$214.6K
$187.8K – $250.4K
NOI $15,021 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.6K
$284.9K – $379.9K
NOI $22,791 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
986
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 - Two-bedroom, two-bath condo with a renovated kitchen and convenient access to major Annapolis-area routes.
Where is this residential income property located?
The property is located at 2052 QUAKER WAY Unit 10 Annapolis, MD.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium built in 1997; Renovated kitchen with custom 42‑inch cabinetry and separate cooktop; Oven and microwave combination plus counter‑depth refrigerator
