135 CONDUIT STREET
About This Property
With original architecture and showcasing hardwood floors throughout, this property strikes the perfect balance between historic character and modern livability. The first floor features two bedrooms, each with an en-suite bath, kitchen, and living room, ideal for an owner-occupant or long-term tenant. The second floor offers one bedroom, a full bath, kitchen, living room, and access to a private balcony. The third floor impresses with two bedrooms, a full bath, kitchen, and living room, plus its own private balcony. An unfinished basement provides excellent storage space. A fenced backyard complete with a paver patio, provides an outdoor retreat ideal for relaxing or entertaining. Add to that the coveted off-street parking, a true rarity in Downtown Annapolis, and this property is as practical as it is beautiful. Whether you're an investor seeking immediate income potential, a buyer looking to offset your mortgage, or a multigenerational family wanting separate yet connected living spaces, this home checks every box. All of this just steps from the vibrant shops, restaurants, waterfront, and history that make Downtown Annapolis truly one of a kind.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | Listed by TTR Sotheby's International Realty | $1,300,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Aug 26, 2018 | No longer available | - | |
| No longer available | |||
| Jul 19, 2018 | Sold | ||
| Sold | |||
| May 30, 2018 | Listed | $725,000 | |
| Listed | |||
| | |||
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Amazing opportunity & location for the Historic District lifestyle to make it your own vision. Located among meticulously renovated and architecturally interesting Annapolis properties. Currently, 1st floor is owner's quarters. 2nd & 3rd floors are each individual units separately metered. Private fenced back for the perfect garden retreat. Private driveway. Sold as-is.
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| Mar 1, 2018 | Listed by TTR Sotheby's International Realty | $725,000 | |
| Listed by TTR Sotheby's International Realty | |||
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017