Annapolis, MD Multifamily Home for Sale

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.