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    Annapolis, MD Multifamily Properties for Sale

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    Renovated Triplex with Separate Entrances
    Updated: Apr 10
    Renovated Triplex with Separate Entrances

    805 SPA Road, Annapolis, MD 21401

    $1,148,000
    2,800 sqft 0.23 AC lot
    Three‑unit property with 9 bedrooms and 4.5 bathrooms
    2,800 square feet on a 0.23‑acre lot
    Separate entrances for all 3 units
    Renovated with new wiring, plumbing, flooring, HVAC, kitchens, and bathrooms
    Parking available for up to 8 cars
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    This listing looks promising.

    Here's a quick look at some key insights for

    805 SPA Road, ANNAPOLIS, MD 21401

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $581K
      Suggested

    • Property Type

      Single Family Residence
      Built 1948
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    Historic Furnished Triplex
    Updated: Dec 5, 2025
    Historic Furnished Triplex

    165 KING GEORGE Street, Annapolis, MD 21401

    $1,375,000
    2,649 sqft 0.04 AC lot
    Three‑unit property with 2,649 square feet on a 0.0434‑acre lot
    Built in 1900 with original wood floors, historic brick accents, and high ceilings
    Three independent units with separate entrances and distinct floor plans
    Basement includes storage, HVAC equipment, and shared laundry
    All units convey furnished with appliances, beds, linens, furniture, and housewares
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    Furnished 3-Unit Triplex
    Furnished 3-Unit Triplex

    165 King George St, Annapolis, MD 21401

    $1,375,000
    2,649 sqft

    Three finished levels include furnished apartments, shared laundry, basement storage, and a fenced rear patio.

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    Renovated Triplex in Murray Hill
    Renovated Triplex in Murray Hill

    805 SPA ROAD, Annapolis, MD 21401

    $1,148,000

    Completely renovated 9-bedroom triplex in desirable Murray Hill neighborhood.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Three-Story Mixed-Use Building
    Three-Story Mixed-Use Building

    1000 West Street, Annapolis, MD 21401

    Contact for pricing

    Three-story mixed-use building with a vacant ground-floor commercial suite and two renovated 2BR/2BA apartments above.

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    Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 5 Active listings in Annapolis, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Triplex
    Waterfront Triplex

    1276 PEKIN Road, Pasadena, MD 21122

    $599,000
    1,680 sqft 0.19 AC lot

    Three separate units provide individual living areas, kitchens, bedrooms, and bathrooms within a waterfront Cape Cod property.

    View details
    C1 Duplex with Basement Access
    C1 Duplex with Basement Access

    8229 Fort Smallwood Road, Baltimore, MD 21226

    $399,999
    1,400 sqft

    Two updated units share laundry and include separate rear storage areas.

    View details
    Waterfront Triplex
    Waterfront Triplex

    1276 PEKIN ROAD, Pasadena, MD 21122

    $649,900

    Three separately configured residential units include kitchens, living areas, bedrooms, and bathrooms.

    View details
    Apartment Property with Converted Barn
    Apartment Property with Converted Barn

    8224 FORT SMALLWOOD Rd, Baltimore, MD 21226

    $250,000

    Two adjoining lots contain five residential units across two homes and a converted barn building.

    View details

    Off-Market Properties in Annapolis, MD

    Consider similar Off-Market properties in Annapolis, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Cherry Grv Ave
    APARTMENT HOUSE (100+ UNITS)

    Cherry Grv Ave, Annapolis, MD 21401

    $7,460,000
    Estimated value
    309,756 sqft
    View details
    8 Maryland Ave
    APARTMENT HOUSE (5+ UNITS)

    8 Maryland Ave, Annapolis, MD 21401-1671

    $590,000
    Estimated value
    11,808 sqft 0.23 AC lot
    View details
    2 Maryland Ave
    APARTMENT HOUSE (5+ UNITS)

    2 Maryland Ave, Annapolis, MD 21401-1670

    $880,000
    Estimated value
    24,480 sqft 0.25 AC lot
    View details
    130 Lubrano Dr
    APARTMENT HOUSE (5+ UNITS)

    130 Lubrano Dr, Annapolis, MD 21401-7038

    $17,765,000
    Estimated value
    102,910 sqft 2.45 AC lot
    View details
    251 Admiral Cochrane Dr
    APARTMENT HOUSE (100+ UNITS)

    251 Admiral Cochrane Dr, Annapolis, MD 21401-7585

    $24,990,000
    Estimated value
    249,640 sqft 4.85 AC lot
    View details
    1901 Ww St
    APARTMENT HOUSE (100+ UNITS)

    1901 Ww St, Annapolis, MD 21401-3930

    $25,775,000
    Estimated value
    142,604 sqft 6.43 AC lot
    View details
    931 Edgewood Rd
    APARTMENT HOUSE (100+ UNITS)

    931 Edgewood Rd, Annapolis, MD 21403-3465

    $10,795,000
    Estimated value
    59,928 sqft 4.45 AC lot
    View details
    Brashears St
    APARTMENT HOUSE (5+ UNITS)

    Brashears St, Annapolis, MD 21403

    $830,000
    Estimated value
    8,787 sqft 1.93 AC lot
    View details
    2445 Holly Ave
    APARTMENT HOUSE (100+ UNITS)

    2445 Holly Ave, Annapolis, MD 21401-3981

    $8,070,000
    Estimated value
    337,326 sqft 2.62 AC lot
    View details
    1903 Towne Ctr Blvd
    APARTMENT HOUSE (100+ UNITS)

    1903 Towne Ctr Blvd, Annapolis, MD 21401-3179

    $22,360,000
    Estimated value
    223,239 sqft 1.82 AC lot
    View details
    1910 Towne Ctr Blvd
    APARTMENT HOUSE (100+ UNITS)

    1910 Towne Ctr Blvd, Annapolis, MD 21401-3598

    $26,695,000
    Estimated value
    271,003 sqft 1.50 AC lot
    View details
    2570 Housley Rd
    APARTMENT HOUSE (100+ UNITS)

    2570 Housley Rd, Annapolis, MD 21401-6752

    $18,570,000
    Estimated value
    102,080 sqft 9.48 AC lot
    View details
    930 Georgetown Rd
    APARTMENT HOUSE (100+ UNITS)

    930 Georgetown Rd, Annapolis, MD 21403-5557

    $1,990,000
    Estimated value
    50,484 sqft 3.86 AC lot
    View details
    4000 Riv Cres Dr
    APARTMENT HOUSE (100+ UNITS)

    4000 Riv Cres Dr, Annapolis, MD 21401-7721

    $8,940,000
    Estimated value
    285,174 sqft 24.00 AC lot
    View details
    301 Burnside St Slip, Unit 27
    APARTMENT HOUSE (UNDER 5 UNITS)

    301 Burnside St Slip, Annapolis, MD 21403-2474

    Unit 27
    $290,000
    Estimated value
    2,000 sqft
    View details
    Severn Area
    APARTMENT HOUSE (5+ UNITS)

    Severn Area, Annapolis, MD 21409

    $1,120,000
    Estimated value
    7,164 sqft 822.11 AC lot
    View details

    Annapolis, MD Multifamily Properties Market Trends and Statistics

    Explore 21 multifamily properties for sale in Annapolis, MD, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 8,098 square feet of properties for sale, with an estimated market value of $5,046,000.

    Sale prices for multifamily properties in Annapolis, MD start at $1,148,000, averaging $1,261,500, and reaching up to $1,375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 8
    Triplexes 4
    Short term rental properties 3
    Duplexes 1

    Demographics Overview

    Population 95K
    Population Growth (5Y) -6.2%
    Median Household Income $123,100
    College Educated 52.5%

    High-Yield Neighborhoods for Investment

    Identify Annapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21401 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.18%
    Property Tax per SF $9.08 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Anne Arundel County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Annapolis fall within the 100,000+ square foot range.

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