Condominium with Flexible
For Sale
$874,900
66 FRANKLIN STREET S Unit 413, Annapolis, MD 21401
Three full bathrooms serve adaptable bedroom and den configurations, with private parking and a separate storage unit.
Property Size1,921 SF
Price / SF$455.44
Days on Market67
Property Features for 66 FRANKLIN STREET S Unit 413
General Information
Standard status
Active
Size
1,921 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,387
Amenities
fitness center
library
meeting rooms
concierge
security
courtyard with fountain
Building Details
Building Size
1,921 SF
Year Built
2007
Listing Agency:
RE/MAX Executive
Listed By:
Pamela Doll · License #602449
(410) 320-0366
Source:
Evansgroupdmv
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 27 at 3:33AM
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 RE/MAX Executive
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Investment Insights
Based on property information with market context.
At Acton's Landing, this 1,921-square-foot condominium was built in 2007 and offers a flexible two- or three-bedroom arrangement with three full bathrooms. Interior details include hardwood flooring, crown molding, wainscoting, built-ins, custom closets, and French doors. The kitchen has granite counters, stainless steel appliances, ample cabinetry, and an island. A full-size washer and dryer, private parking space, and storage unit are included.
Residents have access to a fitness center, library, meeting rooms, concierge service, security, and a courtyard with a fountain. City Dock, St. John's College, the Naval Academy, shops, restaurants, bars, and the waterfront are within walking distance.
The primary bedroom suite connects to a sitting area. A second bedroom has an ensuite bathroom, while the additional room can serve as a den, office, or private retreat.
Residents have access to a fitness center, library, meeting rooms, concierge service, security, and a courtyard with a fountain. City Dock, St. John's College, the Naval Academy, shops, restaurants, bars, and the waterfront are within walking distance.
The primary bedroom suite connects to a sitting area. A second bedroom has an ensuite bathroom, while the additional room can serve as a den, office, or private retreat.
Key Highlights
- 1,921‑square‑foot condominium at Acton's Landing
- Flexible two- or three‑bedroom layout with 3 full bathrooms
- Kitchen features granite counters, stainless steel appliances, ample cabinetry, and an island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,926
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,520
$518.5K
Cap Rate 7%
$370,371
$370.4K
Cap Rate 9%
$288,067
$288.1K
Market Conditions
NOI Build-Up for 1,921 SF
Gross rent
$50.3K $26.16/SF
− Vacancy
−$3.1K −$1.62/SF
EGI
$47.1K $24.54/SF
− OpEx
−$21.2K −$11.04/SF
NOI
$25.9K $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%
$518,520
Cap Rate 7%
$370,371
Cap Rate 9%
$288,067
Alternative Uses
Best Use
Apartment 5plus
$370.4K
$324.1K – $432.1K
NOI $25,926 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$561.9K
$491.7K – $655.6K
NOI $39,336 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,923
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Three full bathrooms serve adaptable bedroom and den configurations, with private parking and a separate storage unit.
Where is this residential income property located?
The property is located at 66 FRANKLIN STREET S Unit 413 Annapolis, MD.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: 1,921‑square‑foot condominium at Acton's Landing; Flexible two- or three‑bedroom layout with 3 full bathrooms; Kitchen features granite counters, stainless steel appliances, ample cabinetry, and an island
