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165 King George St , Annapolis, MD 21401
$1,200,000
Est. Payment: $6,386.90/mo
4 Bed
3 Bath
2649 Sqft
0.04 Acres
Status: active | Days on site: 330
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CENT5 - 57939
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House Description

Rare Historic Triplex in Downtown Annapolis – Live for Free with Built-In Income! Unlocking a premier real estate strategy in the heart of Historic Annapolis, this versatile multi-unit property offers an incredible opportunity to live in one unit while letting the other two pay your mortgage. Perfectly positioned just steps from City Dock, Main Street, and the United States Naval Academy, this rare 3-unit asset seamlessly blends timeless 18th-century architectural character with strong, recurring cash flow. The property features independent, distinct rental units with updated kitchens, modern utilities, and separate entrances, ensuring maximum privacy for both the owner and tenants. For an owner-occupant, renting out the remaining two units provides a robust revenue stream capable of covering major carrying costs, allowing you to build equity rapidly while enjoying a premier walkable lifestyle. Investors will appreciate the historically low vacancy rates of the downtown market, driven by stable demand from maritime professionals, state government staff, and USNA tourism. Complete with original hardwood floors, historic brick accents, and premium rental appeal, this triplex is a high-utility asset built for wealth generation. Schedule your private tour today to secure a premier piece of Annapolis history that pays for itself. There are very few multifamily dwelling units in the City of Annapolis. This creates a rare and amazing opportunity for buyers to own one of the few existing multifamily dwelling units that’s a triplex. There are so many option available for this property in the heart of Historic Annapolis. You may want to convert the entire home back to one living unit. You may want to live in one, long-term rent the other two or short term rent one. You may choose that it be be used for a couple/single person to live in one apt and rent out 2 or have a multigenerational combined family living in 1, 2 (while renting 1) or all 3. There are so many possibilities to enjoy this amazing property. This is 3 fully finished levels and units above grade. The basement level houses the storage area, HVAC and shared laundry area. All of the units are fully furnished with kitchen appliances, items, dishware, glassware, beds, linens, furniture, you name it, it is there and conveys. This is steps away from the Naval Academy. The main level entry has a hallway with stairwell to the upper level units and access to the man level unit Apt 1 and the basement. Apt 1 offers a foyer, eat-in kitchen, full bath, living room, bedroom and access to the rear patio fenced in area. The 2nd level has Apt 2 with a living room, kitchen, bath, 2 bedrooms and access to the rear patio area. The third upper level offers a full bath, galley kitchen, bedroom and large living area with space for a table, couch and mor furnishings. All units have the old time charm with modern components. All three units offer high ceilings. This is a very popular property so bear with us as we want to accommodate all showing requests. The most advance notice you can give the better. There may be times when all 3 may not be able to be seen on the same day. There is a virtual tour where you can walk through the entire property, zoom in and out and see the whole house from your phone or computer. This is also listed as Multi-Family MLS# MDAA2132270. Parking info is loaded in the documents section. Unit schedule: Unit 1 is lived in and can be seen normally with one days notice. Unit 2 and Unit 3 have various bookings and more notice is required.

Highlights

Listed by Michele M Michael , 4103207600 CENTURY 21 New Millennium , 4102669005. Bright MLS

Property Type

Residential

Lot/Acreage
0.04

Year Built

1900

County

Anne Arundel

Neighborhood

Historic District

School District

Anne Arundel County Public Schools

Listing ID

MDAA2132242

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Air Cond:Central A/C,Multi Units,Programmable Thermostat,Zoned
Fireplaces:
Floor:Hardwood,Ceramic Tile,Carpet
Above Ground Sq Ft:2649
Basement:Connecting Stairway,Interior Access,Unfinished
Other:
  • ▪ Main Floor Bedrooms:1
  • ▪ Additional:Ceiling Fan(s), Crown Moldings, Wood Floors, Built-Ins, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Table Space, Kitchen - Galley, Pantry, Recessed Lighting, Upgraded Countertops
Water:Public

Exterior Features

Lot:Landscaping,Not New Construction,Horse Property: No,In City Limits
Zoning:CA
Roof:Metal,Architectural Shingle
Others:
  • ▪ Additional:BBQ Grill, Fire Escape
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$6,387
Taxes
$921

Home Price

$1,200,000

Loan Details

30 yrs
7%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,386.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,386.90 $921.17 $0.00 $7,308.07
Yearly $76,642.85 $11,054.00 $0.00 $87,696.85
Total $2,299,285.42 $331,620.00 $0.00 $2,630,905.42
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Annapolis, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS