4 SHILEY STREET
About This Property
The generously sized lot and current AS-IS cottage provides an abundance of outdoor space, inviting a plethora of outdoor gatherings, summer barbecues, and relaxed evenings enjoying the vibrant West Annapolis lifestyle. Just beyond your doorstep, stroll to acclaimed restaurants, local pubs, charming boutiques, and convenient street-end water access. Ideally situated near Downtown Annapolis, Navy Stadium events, and the Naval Academy, the location also provides effortless commuter access to Route 50 and the Bay Bridge for Eastern Shore escapes or travel to Washington, D.C.
A truly special setting offered AS-IS, ready for its next chapter. Welcome Home!
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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%.
How much can I actually make?
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 | Price Decreased |
$1,395,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Jun 11, 2026 | Price Decreased |
$1,495,000
↓ $205K
(12.1%) | |
| Price Decreased | |||
| Apr 14, 2026 | Price Decreased |
$1,700,000
↓ $175K
(9.3%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by TTR Sotheby's International Realty | $1,875,000 | |
| Listed by TTR Sotheby's International Realty | |||
| Oct 12, 2022 | No longer available | - | |
| No longer available | |||
Property Highlights
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017