Updated Triplex with
3 Sheridan Rd, Arnold, MD 21012
For Sale
$600,000
Three residential units offer varied layouts, including a studio and a unit with an attached one-car garage.
Property Size3,328 SF
Price / SF$180.29
Days on Market98
Property Features for 3 Sheridan Rd
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Tenancy
Listing Agency:
Compass
Listed By:
Jennifer Holden · License #639966
(443) 803-7620
Source:
Gklegacygroup
Added: Aug 2
Changed: Oct 26
Last Checked: Oct 7 at 1:04PM
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 3,328-square-foot triplex, built in 1954, contains three residential units with a practical mix of layouts. Unit 3 and Unit 3A each provide two bedrooms and one bathroom, while Unit 3B is a studio with one bathroom. Unit 3A includes a one-car garage, and the studio is configured within Unit 3’s garage area. Property improvements include a newer roof, windows, and HVAC systems, along with wood flooring and comfortable interior arrangements.
The property is located at 3 Sheridan Road in Arnold, near shopping, dining, services, Anne Arundel Community College, and the Greater Annapolis Y fitness center. Downtown Annapolis, the Bay Bridge, and Route 50 are minutes away, providing access toward Annapolis, Baltimore, and Washington, DC.
The property is located at 3 Sheridan Road in Arnold, near shopping, dining, services, Anne Arundel Community College, and the Greater Annapolis Y fitness center. Downtown Annapolis, the Bay Bridge, and Route 50 are minutes away, providing access toward Annapolis, Baltimore, and Washington, DC.
Key Highlights
- Three‑unit triplex totaling 3328 square feet
- Unit 3 and Unit 3A each offer 2BR/1BA layouts
- Unit 3B is a studio with 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,356
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,120
$967.1K
Cap Rate 7%
$690,800
$690.8K
Cap Rate 9%
$537,289
$537.3K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$73.9K $22.20/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$69.1K $20.76/SF
− OpEx
−$20.7K −$6.23/SF
NOI
$48.4K $14.53/SF
Area
Anne Arundel County, MD
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,120
Cap Rate 7%
$690,800
Cap Rate 9%
$537,289
Alternative Uses
Best Use
Multifamily LT 5
$690.8K
$604.5K – $805.9K
NOI $48,356 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$641.6K
$561.4K – $748.6K
NOI $44,915 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$973.5K
$851.8K – $1.14M
NOI $68,147 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 21012, MD
22,377
Population
8,509
Households
2.6
Avg Household Size
41
Median Age
60%
College-Educated
98%
High-School Grad
9.8 sq mi
ZIP Area
2,283
Density / Sq Mi
$137,544
Median Household Income
$72,146
Median Earnings
$2,171
Median Rent
$552,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, including a studio and a unit with an attached one-car garage.
Where is this triplex located?
The property is located at 3 Sheridan Rd Arnold, MD.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three‑unit triplex totaling 3328 square feet; Unit 3 and Unit 3A each offer 2BR/1BA layouts; Unit 3B is a studio with 1 bath
