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    Annapolis, MD Multifamily Properties for Sale

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    Arnold, MD Edgewater, MD Mayo, MD Severna Park, MD Crownsville, MD Stevensville, MD Pasadena, MD Davidsonville, MD
    Renovated Triplex Income Property
    Updated: Apr 10
    Renovated Triplex Income Property

    805 SPA Road, Annapolis, MD 21401

    $1,198,000
    2,800 sqft 0.23 AC lot
    3‑unit triplex with 9 bedrooms and 4.5 bathrooms, including separate entrances for each unit
    Unit mix: Unit 1 (4 beds, 2.5 baths), Unit 2 (3 beds, 1 bath), and basement (2 beds, 1 bath)
    Completely renovated with new wiring and plumbing, 3 new kitchens, and 4.5 new baths
    New HVAC plus window unit cooling and ceiling fans throughout
    Upgraded kitchen finishes with granite countertops and stainless steel appliances
    View details

    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

      3.4%
      NOI ÷ price

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $581K
      Suggested

    • Property Type

      Single Family Residence
      Built 1948
    View Property Analytics
    Triplex with Three Finished Levels
    Updated: Dec 5, 2025
    Triplex with Three Finished Levels

    165 KING GEORGE Street, Annapolis, MD 21401

    $1,375,000
    2,649 sqft 0.04 AC lot
    Triplex with three fully finished levels above grade plus a basement level for storage, HVAC, and shared laundry
    Basement level includes shared laundry area and houses HVAC
    Apt 1: foyer, eat‑in kitchen, full bath, living room, bedroom, and access to a rear patio fenced in area
    Apt 2 (2nd level): living room, kitchen, bath, 2 bedrooms, and access to the rear patio fenced in area
    3rd level unit features a galley kitchen, full bath, bedroom, and large living area with space for a table
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    Historic Annapolis Triplex Opportunity
    Historic Annapolis Triplex Opportunity

    165 King George Street, Annapolis, MD 21401

    $1,375,000
    2,649 sqft

    Three-unit property near the Naval Academy with furnished units.

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    Renovated Triplex in Murray Hill
    Renovated Triplex in Murray Hill

    805 SPA Rd, Annapolis, MD 21401

    $1,198,000

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

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 4 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Stevensville Mixed-Use Investment Opportunity
    Stevensville Mixed-Use Investment Opportunity

    104 E MAIN ST, Stevensville, MD 21666

    $3,000,000
    15,000 sqft 1.32 AC lot

    Four buildings with residential, retail, and office spaces on 1.32 acres.

    View details
    Mixed-Use Multifamily and Office Building
    Mixed-Use Multifamily and Office Building

    104 E Main Street, Stevensville, MD 21666

    $3,000,000
    21,342 sqft 1.32 AC lot

    Four-building investment property with residential units, retail, office space, and elevator-equipped school use.

    View details
    2.22 Acres Commercial/Multifamily Land
    2.22 Acres Commercial/Multifamily Land

    6311 ROBERT CRAIN Hwy, Bowie, MD 20715

    $4,000,000
    1.00 AC lot

    2.22 acres suitable for commercial or multifamily development.

    View details
    Spacious End-Unit Home Near Park
    Spacious End-Unit Home Near Park

    3439 SAINT ROBIN Ln, Bowie, MD 20716

    $599,000
    0.09 AC lot

    2823 sq ft end-unit home backing to future park.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Two Acre Buildable Wooded Lot
    Two Acre Buildable Wooded Lot

    23RA Vessels Road, King William, VA 23126

    $70,000
    2.00 AC lot

    Two-acre wooded lot, ideal for building a dream home.

    View details
    Land in Church View, VA
    Land in Church View, VA

    Wares Bridge, Church View, VA 23032

    $39,900

    Wooded land with road frontage, mobile homes permitted.

    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

    $14,350,000
    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
    Value Estimation by Request
    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 20 multifamily properties for sale in Annapolis, MD, showcased through 4 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 $3,948,000.

    Sale prices for multifamily properties in Annapolis, MD start at $1,198,000, averaging $1,316,000, 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 4
    Triplexes 4

    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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