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Two-Bedroom Residential Income Property
For Sale
$720,000
Pending

5 PARK PLACE Unit 506, Annapolis, MD 21401

Condominium residence with an open living-and-dining arrangement, wood flooring, and access to shared recreational amenities.

Property Size1,328 SF
Days on Market19

Property Features for 5 PARK PLACE Unit 506

General Information

Standard status Pending
Size 1,328 SF
Total Parking Spaces 2
Property subtype Unit/Flat/Apartment

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $7,136

Amenities

outdoor pool
exercise room
dog park

Building Details

Building Size 1,328 SF
Year Built 2007
Listing Agency: Long & Foster Real Estate, Inc.
Listed By: Elizabeth A Heinsohn
Source: Barnesrealestatecompany
Added: Aug 9 Changed: Aug 21 Last Checked: Aug 15 at 12:09PM

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 Long & Foster Real Estate, Inc.

Investment Insights

Based on property information with market context.

This 1,328-square-foot condominium residence includes two bedrooms and two bathrooms within a mid-rise building completed in 2007. The interior combines wood flooring and carpeting with an open connection between the living and dining areas. A bedroom is positioned near the entry, while a walk-in closet provides additional storage. Bathroom features include a walk-in shower and a tub shower, with recessed lighting throughout the home.

Community amenities include an outdoor pool, exercise room, maintained common grounds, and a dedicated dog park. The property also includes assigned underground parking for two vehicles. Restaurants and shopping are within walking distance, and the property is located in Annapolis.

Key Highlights

  • 1,328‑square‑foot condominium with two bedrooms and two bathrooms
  • Built in 2007 with wood flooring, carpeting, and recessed lighting
  • Open living and dining areas with an entry‑level bedroom

Property Analytics

Current Use

The Residence at Park Place ... Condominium Complex Douglas Commercial LLC Real Estate Agency Crofton Auction Services Trade Show Venue Park Place Condominium Complex B&O bike trails Bicycle Rack

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Locksmith Florist Barber Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,637
Businesses Nearby

Demographics for 21401, MD

39,308
Population
19,293
Households
2
Avg Household Size
44
Median Age
61%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
1,975
Density / Sq Mi
$119,296
Median Household Income
$67,845
Median Earnings
$2,106
Median Rent
$580,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Condominium residence with an open living-and-dining arrangement, wood flooring, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 5 PARK PLACE Unit 506 Annapolis, MD.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 1,328‑square‑foot condominium with two bedrooms and two bathrooms; Built in 2007 with wood flooring, carpeting, and recessed lighting; Open living and dining areas with an entry‑level bedroom
More about this property
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