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$1,550,000
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Property Description
The historic Smith House is a charming 4-unit home in the heart of downtown Annapolis, steps from Main Street and in the city's most desirable area. The home is the perfect turnkey opportunity for owner-occupy, long-term, and short-term rentals. Units 2, 3 and 4 fully furnished and fully built business ready for immediate income. The property generates a remarkable annual income through its rented units, making it a profitable investment opportunity. It has been fully leased for the last ten years, with waiting lists for occupancy. Currently, three units are offered as a boutique Airbnb, receiving revenue in the top percentile compared to other Historic Downtown Annapolis properties. The apartments have received impeccable reviews and a Superhost status; you will not find a better 'house-hacker' opportunity. It is currently licensed through the city for both short and long-term renters. The house has undergone significant renovations, including kitchens, baths, and flooring while holding true to the historic nature of this dwelling. Modern updates include glass shower enclosures, quartz countertops, floating shelves, recessed lighting, and Wi-Fi-enabled locks. These mix seamlessly with polished nickel fixtures, an original clawfoot tub, exposed brick, and restored original doors. In addition, it boasts a recently refinished standing metal seam roof, a new main water line and main sewer line, updated electrical, new gutters, and new plumbing in much of the home. You and your tenants can experience the joys of being minutes from Main Street, City Dock, and the Naval Academy, with the best restaurants, shopping, and art galleries. Acton Cove Park is around the corner, and access to Spa Creek is at the bottom of the street. The Noah-Hillman garage is steps from the property, making it easy for overnight guests to park, and a water taxi stop allows them to explore Annapolis by boat. We welcome you to come visit and see what 107 Conduit has to offer! Investment opportunities in Annapolis like this one don't come along often, don't hesitate!!!
Full Property Details
Full Property Details for 107 Conduit St
General
- Sold For: $1,550,000
- Taxes: $11,555 (2024)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDAA2102306
Property History
- 107 Conduit St, Annapolis, MD
- Sold $1,550,000 on 2/26/25
- Listed $1,500,000 on 1/24/25
Interior
- Interior Features: 2nd Kitchen, Built-Ins, Carpet, Chair Railings, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Efficiency, Kitchen - Galley, Recessed Lighting, Bathroom - Stall Shower, Bathroom - Tub Shower, Upgraded Countertops, Window Treatments
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Microwave, Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Washer, Water Heater
- Flooring: Ceramic Tile, Carpet, Luxury Vinyl Plank, Wood
Additional Information
- Security/Safety: Exterior Cameras, Main Entrance Lock
Exterior
- Porch/Patio/Deck: Porch(es), Patio(s)
Parking
- Parking Type: On Street
Location
- Municipality: Annapolis
- County: Anne Arundel
- Development Name: Historic District
- Subdivision: Historic District
- Driving Directions: GPS will take you there.
- Location Details: Downtown
- City Limits: Yes
School Information
- School District: Anne Arundel County Public Schools
- Elementary School: Annapolis
- Middle School: Bates
- High School: Annapolis
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Structure Type: Twin/Semi-Detached
- Construction: Frame
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Outside Entrance, Unfinished
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- Square Feet: 3,560
- Sq. Ft. Source: Estimated
- Living Area: 2,760 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,415
- Lot Size Source: Estimated
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $543.48
- Assessment Year: 2024
- City/TownTax: $5,934
- City/TownTax Freq: Annually
- County Tax: $5,621
- County Tax Freq: Annually
- Tax w/Assessment: $804,100
- Tax Amount: $11,555
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: All furnishings in Units 2, 3, and 4.
Listed by Berkshire Hathaway HomeServices PenFed Realty, Scott M. Schuetter
Sold by Non Subscribing Office, Non Subscribing Member
Listing agent
— 107 Conduit St —
Scott M. Schuetter
Berkshire Hathaway HomeServices PenFed Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 107 Conduit St
School District:Anne Arundel County Public Schools
| Name | Grades | Distance |
|---|---|---|
Annapolis Elementary School 180 Green Street, Annapolis, MD 21401 | PK-5 | 0.2 mi |
Wiley H. Bates Middle School 701 Chase Street, Annapolis, MD 21401 | 6-8 | 0.8 mi |
Annapolis High School 2700 Riva Road, Annapolis, MD 21401 | 9-12 | 4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
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107 Conduit Street, Annapolis, MD 21401 (MLS# MDAA2102306) is a Multi-Family property that was sold at $1,550,000 on February 26, 2025. Want to learn more about 107 Conduit Street? Do you have questions about finding other Multi-Family real estate for sale in Annapolis? You can browse all Annapolis real estate or contact a Coldwell Banker agent to request more information.