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For sale
  • $299,999

    225 Broad St, Salisbury, MD 21801

    3beds
    --baths
    1,848sqft
    : 
    Duplex
    Built in 1930
    -- sqft lot
    $297,700 Zestimate®
    $162/sqft
    $-- HOA

    What's special

    Hardwood flooringWelcoming flattering entryway
    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.
    16 days
    on Zillow
    |
    241
    |
    9
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 26, 2025 at 07:00pm

    Listed by:

    Tyantha Randall 410-430-8606,

    Keller Williams Realty Delmarva (410) 524-6400

    Source: Bright MLS,MLS#: MDWC2018994MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 225 Broad St.

    Next available tour time:Today at 4pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    Basement
    • Area: 352
    Heating
    • Hot Water, Natural Gas
    Cooling
    • Ceiling Fan(s), Window Unit(s)
    Appliances
    • Included: Oven/Range - Electric, Refrigerator, Gas Water Heater, Electric Water Heater
    Features
    • Ceiling Fan(s), Floor Plan - Traditional
    • Flooring: Carpet, Wood, Vinyl
    • Basement: Interior Entry,Partially Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 2,200
    • Total interior livable area: 1,848 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Gravel, On Street, Driveway
    • Uncovered spaces: 5
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 4,224 Square Feet
    • Features: Downtown
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2305010942
    • Zoning: OSR
    • Zoning description: Office Service Resident
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Duplex
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Architectural Shingle
    Condition
    • Good
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Natural Gas Available, Electricity Available, Water Available, Cable

    Community & HOA

    Location
    • Region: Salisbury
    • Municipality: Salisbury

    Financial & listing details

    • Price per square foot: $162/sqft
    • Tax assessed value: $84,100
    • Annual tax amount: $1,674
    • Date on market: 7/27/2025
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Income includes: Apartment Rentals
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