Marina-View Residential Income
For Sale
$675,000
2102 CHESAPEAKE HARBOUR DRIVE E Unit 202, Annapolis, MD 21403
Gated condominium residence with an open layout, high ceilings, and flexible loft space overlooking the main living area.
Property Size1,666 SF
Days on Market65
Property Features for 2102 CHESAPEAKE HARBOUR DRIVE E Unit 202
General Information
Standard status
Active
Size
1,666 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,436
Amenities
pool
tennis/pickleball courts
kayak access
walking trails
beaches
dock bar
waterfront dining
Building Details
Building Size
1,666 SF
Year Built
1988
Listing Agency:
Compass
Listed By:
Lorna Kaim · License #665299
(856) 986-2642
Source:
Bradkappel
Added: Aug 3
Changed: Oct 3
Last Checked: Oct 5 at 10:57PM
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
Investment Insights
Based on property information with market context.
This residential income property is a condominium residence with 3 bedrooms and 3 full baths. High ceilings and an open-concept floor plan create an airy interior arranged for entertaining, while the upper-level loft provides flexible space for a third bedroom or home office. The residence was built in 1988 and includes views toward the marina.
Located in Annapolis within the gated Chesapeake Harbour community, the property offers access to 2 pools, tennis and pickleball courts, kayak access, walking trails, beaches, a dock bar, and The Beacon Restaurant. The combination of residential space, marina-oriented surroundings, and community amenities defines the offering.
Located in Annapolis within the gated Chesapeake Harbour community, the property offers access to 2 pools, tennis and pickleball courts, kayak access, walking trails, beaches, a dock bar, and The Beacon Restaurant. The combination of residential space, marina-oriented surroundings, and community amenities defines the offering.
Key Highlights
- 3‑bedroom, 3‑full‑bath condominium residence
- Upper‑level loft can function as a third bedroom or home office
- Marina views within the gated Chesapeake Harbour community
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,484
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,680
$449.7K
Cap Rate 7%
$321,200
$321.2K
Cap Rate 9%
$249,822
$249.8K
Market Conditions
NOI Build-Up for 1,666 SF
Gross rent
$43.6K $26.16/SF
− Vacancy
−$2.7K −$1.62/SF
EGI
$40.9K $24.54/SF
− OpEx
−$18.4K −$11.04/SF
NOI
$22.5K $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%
$449,680
Cap Rate 7%
$321,200
Cap Rate 9%
$249,822
Alternative Uses
Best Use
Apartment 5plus
$321.2K
$281.1K – $374.7K
NOI $22,484 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.3K
$426.4K – $568.6K
NOI $34,114 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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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 - Gated condominium residence with an open layout, high ceilings, and flexible loft space overlooking the main living area.
Where is this residential income property located?
The property is located at 2102 CHESAPEAKE HARBOUR DRIVE E Unit 202 Annapolis, MD.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3‑bedroom, 3‑full‑bath condominium residence; Upper‑level loft can function as a third bedroom or home office; Marina views within the gated Chesapeake Harbour community
