Corner Residential Income
76 OLD MILL BOTTOM ROAD N #201, Annapolis, MD 21409
For Sale
New
$699,000
The residence includes a designer kitchen, rear balcony, and garage parking within a 55-and-older community.
Property Size1,682 SF
Price / SF$415.58
Days on Market6
Property Features for 76 OLD MILL BOTTOM ROAD N #201
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(410) 224-2200
Listed By:
Susan M Clements · License #664976
(410) 353-3335
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:50PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 2025, this corner residence at Element features a designer kitchen, a rear balcony, and included garage parking. The balcony faces a wooded setting, and the property is part of a community for residents age 55 and older.
The residence is located on Old Mill Bottom Road North in Annapolis, Maryland.
The residence is located on Old Mill Bottom Road North in Annapolis, Maryland.
Key Highlights
- Corner residence with a designer kitchen
- Rear balcony facing a wooded setting
- Garage parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,700
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,000
$454.0K
Cap Rate 7%
$324,286
$324.3K
Cap Rate 9%
$252,222
$252.2K
Market Conditions
NOI Build-Up for 1,682 SF
Gross rent
$44.0K $26.16/SF
− Vacancy
−$2.7K −$1.62/SF
EGI
$41.3K $24.54/SF
− OpEx
−$18.6K −$11.04/SF
NOI
$22.7K $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%
$454,000
Cap Rate 7%
$324,286
Cap Rate 9%
$252,222
Alternative Uses
Best Use
Apartment 5plus
$324.3K
$283.8K – $378.3K
NOI $22,700 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.0K
$430.5K – $574.0K
NOI $34,442 @ 7.0% cap · market cap 4.93%
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
140
Businesses Nearby
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Business Placement
Demographics for 21409, MD
20,326
Population
7,541
Households
2.7
Avg Household Size
41
Median Age
57%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
1,452
Density / Sq Mi
$146,667
Median Household Income
$71,840
Median Earnings
$2,007
Median Rent
$499,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Anne Arundel County, MD
Properties on Market for Residential income properties in Anne Arundel County
Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes a designer kitchen, rear balcony, and garage parking within a 55-and-older community.
Where is this residential income property located?
The property is located at 76 OLD MILL BOTTOM ROAD N #201 Annapolis, MD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Corner residence with a designer kitchen; Rear balcony facing a wooded setting; Garage parking included
