Residential Income Property with Bay
For Sale
$565,000
2123 BEACH VILLAGE COURT Unit T2, Annapolis, MD 21403
Two private patios complement the home’s open living area and direct Chesapeake Bay outlook.
Property Size1,267 SF
Price / SF$445.94
Days on Market64
Property Features for 2123 BEACH VILLAGE COURT Unit T2
General Information
Standard status
Active
Size
1,267 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,431
Amenities
private beach
marina
two pools
tennis courts
pickleball courts
walking paths
kayak access
kayak storage
waterfront dining
gated community
24-hour security
fireplace
in-unit laundry
Building Details
Building Size
1,267 SF
Year Built
1987
Listing Agency:
Compass
Listed By:
Jennifer Holden · License #639966
(443) 803-7620
Source:
Chesapeakerealestateassociates
Added: Aug 28
Changed: Oct 26
Last Checked: Oct 26 at 2:38PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,267-square-foot, two-bedroom, two-bath condominium has an open living and dining area with a fireplace, a kitchen with granite counters and white cabinetry, and laundry inside the unit. The primary bedroom opens to a patio and includes a walk-in closet. A second patio provides another outdoor area, and the home was built in 1987.
The property is in Chesapeake Harbour, a gated waterfront community with 24-hour security and access to downtown Annapolis. Community amenities include a private beach, marina, two pools, tennis and pickleball courts, walking paths, kayak access and storage, and waterfront dining. The home has direct views of Chesapeake Bay.
The property is in Chesapeake Harbour, a gated waterfront community with 24-hour security and access to downtown Annapolis. Community amenities include a private beach, marina, two pools, tennis and pickleball courts, walking paths, kayak access and storage, and waterfront dining. The home has direct views of Chesapeake Bay.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,267 square feet of finished interior space
- Direct Chesapeake Bay views
- Two patios, including direct access from the primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,099
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,980
$342.0K
Cap Rate 7%
$244,271
$244.3K
Cap Rate 9%
$189,989
$190.0K
Market Conditions
NOI Build-Up for 1,267 SF
Gross rent
$33.1K $26.16/SF
− Vacancy
−$2.1K −$1.62/SF
EGI
$31.1K $24.54/SF
− OpEx
−$14.0K −$11.04/SF
NOI
$17.1K $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%
$341,980
Cap Rate 7%
$244,271
Cap Rate 9%
$189,989
Alternative Uses
Best Use
Apartment 5plus
$244.3K
$213.7K – $285.0K
NOI $17,099 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$370.6K
$324.3K – $432.4K
NOI $25,944 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
246
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two private patios complement the home’s open living area and direct Chesapeake Bay outlook.
Where is this residential income property located?
The property is located at 2123 BEACH VILLAGE COURT Unit T2 Annapolis, MD.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,267 square feet of finished interior space; Direct Chesapeake Bay views; Two patios, including direct access from the primary bedroom
