$299,999

225 BROAD ST, Salisbury, MD 21801

  • 1,848 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $162/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

RARE INVESTMENT OPPORTUNITY – INCOME-PRODUCING MULTI-FAMILY HOME! Have you been looking for a versatile, income-generating property in the heart of downtown Salisbury? Now is the time! This charming two-unit multi-family home offers exceptional potential under its unique OSR zoning (Office, Service, Residential) — allowing for a wide range of uses including residential, office, or mixed-use purposes. This unique property provides an option to rent both units for maximum cash flow; live in one unit and rent the other; or have an office in one unit, live in or rent the other unit. Either option brings income potential! The property has maintained its charm and character with hard wood flooring and a welcoming, flattering entryway. This one of a kind property is conveniently located within walking distances of downtown attractions, Tidal Health, Salisbury City Park and Zoo, and Salisbury University. Area destinations such as the beautiful beaches of Ocean City, Assateague Island and the Delaware Beaches are short drives away. The University of Maryland Eastern Shore and Wor-Wic Community College are easily accessible. Whether you're a seasoned investor, first-time buyer, or small business owner looking for a live/work space, 225 Broad Street offers the flexibility, location, and income potential you’ve been waiting for. FY2024 Net Operating Income $20,949.55 FY2023 Net Operating Income $18,665.80 Don’t miss out — schedule your private tour today! Being sold "AS IS", therefore any inspections are for buyers' information only. Buyers and Buyer's Agent are encouraged to conduct their own due diligence and verify all information to their satisfaction, including but not limited to square footage, school district, zoning and usage, income, lot size and tax assessments.

Listing Status:
Active
Date Added:
July 27, 2025 at 05:00AM
Listing Office:
Keller Williams Realty Delmarva : 4106770909
Listing Agent:
Tyantha Randall : 4104308606
MLS ID:
MDWC2018994
  • General: Ceiling Fan(s)Floor Plan - Traditional
  • Appliances: Oven/Range - ElectricRefrigerator
  • Basement: Interior accessPartially finished
  • Flooring: CarpetWoodVinyl
  • A/C: Ceiling Fan(s)Window Unit(s)
  • Heating: Hot WaterNatural Gas
  • Disability Feature: None

This listing courtesy of Tyantha Randall, Keller Williams Realty Delmarva

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Charles H. Chipman Elementary School

711 Lake St, Salisbury, MD, 21801

Grades PK-1

0.64 miles away

W

Wicomico Middle School

635 E Main St, Salisbury, MD, 21804

Grades 6-8

0.49 miles away

W

Wicomico High School

201 Long Ave, Salisbury, MD, 21804

Grades 9-12

0.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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