Three-Bedroom
New
For Sale
$269,000
21 SILVERWOOD CIRCLE Unit 3, Annapolis, MD 21403
A residential income property with three bedrooms and two bathrooms offers a defined multi-bedroom layout.
Property Size1,580 SF
Days on Market3
Property Features for 21 SILVERWOOD CIRCLE Unit 3
General Information
Standard status
Active
Size
1,580 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,607
Building Details
Building Size
1,580 SF
Year Built
1974
Listing Agency:
Compass
Listed By:
Chad J Robertson · License #661908
(757) 642-6111
Source:
Bradkappel
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:16AM
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 Compass
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Investment Insights
Based on property information with market context.
This condominium in Annapolis has three bedrooms and two bathrooms. The building dates to 1974, and the unit is identified as Unit 3.
Key Highlights
- Three bedrooms and two bathrooms
- Built in 1974
- Unit 3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,324
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,480
$426.5K
Cap Rate 7%
$304,629
$304.6K
Cap Rate 9%
$236,933
$236.9K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$41.3K $26.16/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$38.8K $24.54/SF
− OpEx
−$17.4K −$11.04/SF
NOI
$21.3K $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%
$426,480
Cap Rate 7%
$304,629
Cap Rate 9%
$236,933
Alternative Uses
Best Use
Apartment 5plus
$304.6K
$266.6K – $355.4K
NOI $21,324 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.2K
$404.4K – $539.2K
NOI $32,353 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A residential income property with three bedrooms and two bathrooms offers a defined multi-bedroom layout.
Where is this residential income property located?
The property is located at 21 SILVERWOOD CIRCLE Unit 3 Annapolis, MD.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; Built in 1974; Unit 3
