Ranch Triplex with
New
For Sale
$600,000
3 SHERIDAN Road, Arnold, MD 21012
MULTI_FAMILY - Ranch - ARNOLD, MD
Property Size3,328 SF
Lot Size0.40 Acres
Price / SF$180.29
Days on Market1
Property Features for 3 SHERIDAN Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
5
Parking features
Driveway, Garage - Detached
Fireplace
1
Elementary school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
Middle school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
High school district
ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
3,328 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
6036
Utilities
Heating system
Electric (Heating), Forced Air, Baseboard
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1954
Number of units
1
Building materials
Stucco
Architectural style
Ranch
Listing Agency:
Compass
(410) 429-7425
Listed By:
Jennifer Holden · License #639966
(443) 803-7620
Added: Jul 31
Last Checked: Jul 31 at 7:06AM
MLS# MDAA2152358
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit triplex is ranch style, built in 1954, with stucco exterior construction. The layout includes wood floors and a fireplace, along with heating provided by electric forced air and baseboard systems. Cooling is handled by window unit(s) and central air.
The property includes three total units, with Unit 3 as a 2-bedroom, 1-bath home, Unit 3A as a 2-bedroom, 1-bath unit with a one-car garage, and Unit 3B as a studio with 1 bath built into the garage of Unit 3. A driveway provides access, and there is a detached garage. The owner has completed upgrades including a newer roof, newer windows, and newer HVAC systems; a full update list is available.
One unit is still occupied, so any showing should respect the resident’s privacy. The home is located in Arnold with convenience to Annapolis, Baltimore, and DC, and it is described as minutes from Downtown Annapolis, the Bay Bridge, and Route 50.
The property includes three total units, with Unit 3 as a 2-bedroom, 1-bath home, Unit 3A as a 2-bedroom, 1-bath unit with a one-car garage, and Unit 3B as a studio with 1 bath built into the garage of Unit 3. A driveway provides access, and there is a detached garage. The owner has completed upgrades including a newer roof, newer windows, and newer HVAC systems; a full update list is available.
One unit is still occupied, so any showing should respect the resident’s privacy. The home is located in Arnold with convenience to Annapolis, Baltimore, and DC, and it is described as minutes from Downtown Annapolis, the Bay Bridge, and Route 50.
Key Highlights
- 3328 SF ranch triplex on 0.4 acres
- 3 total units: Unit 3 (2BR/1BA), Unit 3A (2BR/1BA + one‑car garage), Unit 3B (studio + 1 bath)
- Detached garage and driveway parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.9k | $22.20 |
| − Vacancy | −$4.8k | −$1.44 |
| EGI | $69.1k | $20.76 |
| − OpEx | −$20.7k | −$6.23 |
| NOI | $48.4k | $14.53 |
3,328 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Ranch-style triplex on 0.4 acres with a wood-floored interior, detached garage parking, and newer roof, windows, and HVAC.
Where is this triplex located?
The property is located at 3 SHERIDAN Road 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: 3328 SF ranch triplex on 0.4 acres; 3 total units: Unit 3 (2BR/1BA), Unit 3A (2BR/1BA + one‑car garage), Unit 3B (studio + 1 bath); Detached garage and driveway parking
