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    Annapolis, MD Triplexes for Sale

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    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
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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

      3.4%
      NOI ÷ price

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $581K
      Suggested

    • Property Type

      Single Family Residence
      Built 1948
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    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.

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    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 8 Potential Opportunities for your consideration. Besides 4 Active listings in Annapolis, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Contemporary Triplex Income Property
    Contemporary Triplex Income Property

    1434 LIGHT Street, Baltimore, MD 21230

    $408,000
    1,533 sqft 0.03 AC lot

    Triplex for sale near public transportation, with convenient parking directly outside and nearby garage access.

    View details
    Halethorpe Victorian Triplex Investment Opportunity
    Halethorpe Victorian Triplex Investment Opportunity

    5234 Benson Avenue, Halethorpe, MD 21227

    $415,000
    1,923 sqft

    Turn-key investment property near Halethorpe MARC Station and UMBC.

    View details
    Improved Development Lot with Driveway
    Improved Development Lot with Driveway

    OAKWOOD Road, Baltimore, MD 21222

    $375,000
    0.09 AC lot

    Improved lot includes a 1947 home with a driveway and full basement, offered as part of the sale of an adjacent property.

    View details
    Triplex Townhome with Carriage House
    Triplex Townhome with Carriage House

    1447 WILLIAM ST, Baltimore, MD 21230

    $350,000

    Three-unit property with updated interiors and a separate carriage-house entrance, well suited to owner-occupants or investors.

    View details

    Annapolis, MD Triplexes Market Trends and Statistics

    Explore 4 triplexes 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 $5,146,000.

    Sale prices for three-family homes in Annapolis, MD start at $1,198,000, averaging $1,286,500, 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 4
    Triplexes 4
    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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