Updated Residential Income
For Sale
$257,000
213 VICTOR PARKWAY Unit 213F, Annapolis, MD 21403
Renovated unit features refreshed bathrooms, in-home laundry, and a modernized kitchen with stainless steel appliances.
Property Size932 SF
Days on Market32
Property Features for 213 VICTOR PARKWAY Unit 213F
General Information
Standard status
Active
Size
932 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,759
Amenities
washer/dryer in unit
Building Details
Building Size
932 SF
Year Built
1971
Year Renovated
2022
Listing Agency:
Anne Arundel Properties, Inc.
Listed By:
Ryan Briggs · License #530145
(301) 318-0022
Source:
Bradkappel
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 4 at 5:47PM
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 Anne Arundel Properties, Inc.
Investment Insights
Based on property information with market context.
Unit 213F at 213 Victor Parkway is a residential income property that received extensive updates in 2022. Improvements include luxury vinyl plank flooring, newer carpeting, upgraded lighting, fresh paint, and a remodeled kitchen with white shaker cabinets, updated countertops, a garbage disposal, and stainless steel appliances. Both full bathrooms feature refreshed tile and upgraded vanities.
The primary bedroom includes a private full bathroom, a large closet with mirrored sliding doors, and a separate dressing or makeup area. A washer and dryer combination is located within the unit, and the heating and air-conditioning system was replaced in March 2024.
The property is in the Fairwinds community in Annapolis, near Quiet Waters Park and a range of shopping, dining, banking, medical, and professional services. Quiet Waters Park offers seasonal events, live music, ice skating, playgrounds, dog parks, walking trails, and waterfront recreation.
The primary bedroom includes a private full bathroom, a large closet with mirrored sliding doors, and a separate dressing or makeup area. A washer and dryer combination is located within the unit, and the heating and air-conditioning system was replaced in March 2024.
The property is in the Fairwinds community in Annapolis, near Quiet Waters Park and a range of shopping, dining, banking, medical, and professional services. Quiet Waters Park offers seasonal events, live music, ice skating, playgrounds, dog parks, walking trails, and waterfront recreation.
Key Highlights
- Extensively updated in 2022 with new finishes, lighting, carpeting, and fresh paint
- Remodeled kitchen with white shaker cabinetry, updated countertops, disposal, and stainless steel appliances
- Both full bathrooms refreshed with tile and upgraded vanities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,578
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,560
$251.6K
Cap Rate 7%
$179,686
$179.7K
Cap Rate 9%
$139,756
$139.8K
Market Conditions
NOI Build-Up for 932 SF
Gross rent
$24.4K $26.16/SF
− Vacancy
−$1.5K −$1.62/SF
EGI
$22.9K $24.54/SF
− OpEx
−$10.3K −$11.04/SF
NOI
$12.6K $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%
$251,560
Cap Rate 7%
$179,686
Cap Rate 9%
$139,756
Alternative Uses
Best Use
Apartment 5plus
$179.7K
$157.2K – $209.6K
NOI $12,578 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.6K
$238.6K – $318.1K
NOI $19,084 @ 7.0% cap · market cap 7.43%
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
463
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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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated unit features refreshed bathrooms, in-home laundry, and a modernized kitchen with stainless steel appliances.
Where is this residential income property located?
The property is located at 213 VICTOR PARKWAY Unit 213F Annapolis, MD.
What is the asking price?
The asking price for this property is $257,000.
What are key features of this property?
This property features: Extensively updated in 2022 with new finishes, lighting, carpeting, and fresh paint; Remodeled kitchen with white shaker cabinetry, updated countertops, disposal, and stainless steel appliances; Both full bathrooms refreshed with tile and upgraded vanities
