$675,000
- Studio
- 2,300 Sq Ft
212 Duke of Gloucester St, Annapolis, MD 21401
Ronald Howard RE/MAX Advantage Realty
$675,000
212 Duke of Gloucester St, Annapolis, MD 21401
Ronald Howard RE/MAX Advantage Realty
$1,475,000
165 King George St, Annapolis, MD 21401
Scott Schuetter Berkshire Hathaway HomeServices PenFed Realty
Steeped in maritime heritage, Annapolis combines historic colonial charm with modern waterfront living. The United States Naval Academy stands as a cornerstone of the city, where visitors can explore "The Yard" and see midshipmen in training. The Maryland State House, featuring the largest wooden dome constructed without nails in the U.S., represents the oldest state capitol in continuous legislative use. Downtown's Main Street leads to City Dock, known as "Ego Alley," where boats parade through the harbor against a backdrop of waterfront restaurants like Carrol's Creek Cafe and Chart House.
The Annapolis real estate market presents diverse housing options across distinct neighborhoods. Downtown Annapolis features historic properties with a median single family home price of $1,447,500. The waterfront community of Eastport commands a median single family home price of $1,102,500. West Annapolis Wardour provides a more suburban feel with a median single family home price of $790,000. The citywide median sale price stands at $615,000, with townhomes at $485,000 and condos ranging from $343,000 for one bedroom to $399,000 for two bedrooms.
Property taxes in Annapolis remain competitive at 0.85%, lower than Baltimore's 1.48%. The Maryland state income tax rate is 4.75%, with an additional Anne Arundel County tax rate of 2.81%. The education landscape includes several highly rated private institutions such as Indian Creek School and Key School, both rated A plus by Niche. South River High School stands out among public options with an A rating. Commuters benefit from Annapolis Transit bus service and water taxis, with Washington D.C. and Baltimore each approximately 30 miles away. The climate features humid summers and mild winters, with 47 inches of annual rainfall and 13 inches of snow.
On average, homes in Annapolis, MD sell after 35 days on the market compared to the national average of 70 days. The median sale price for homes in Annapolis, MD over the last 12 months is $550,000, down 3% from the median home sale price over the previous 12 months.
In Annapolis, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $675,000 to $1,475,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Annapolis is $600,000, while the average sale price is $606,794, offering insights into the local housing market. On average, multi-family homes spend 35 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Annapolis, MD.