Salisbury, MD 21801,225 BROAD ST
Salisbury, MD 21801,225 BROAD ST
Salisbury, MD 21801,225 BROAD ST
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Listed by Tyantha Randall • Keller Williams Realty Delmarva
$299,999
Est. payment /mo
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1,848 SqFt
New

225 BROAD ST Salisbury, MD 21801

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Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,848 sqft

Price per Sqft $162

MLS Listing ID MDWC2018994

Style Traditional

Abv Grd Liv Area 1,848

Year Built 1930

Available Date 2025-07-27

Annual Tax Amount $1,674

Tax Year 2024

Lot Size 4,224 Sqft

Acres 0.1

Lot Dimensions 0.00 x 0.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

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.

Location

State MD

County Wicomico

Area Wicomico Northwest (23-01)

Zoning OSR

Rooms

Basement Interior Access, Partially Finished

Interior

Interior Features Ceiling Fan(s), Floor Plan - Traditional

Hot Water Natural Gas, Electric

Heating Hot Water

Cooling Ceiling Fan(s), Window Unit(s)

Flooring Carpet, Wood, Vinyl

Equipment Oven/Range - Electric, Refrigerator

Fireplace N

Appliance Oven/Range - Electric, Refrigerator

Heat Source Natural Gas

Exterior

Garage Spaces 5.0

Utilities Available Cable TV, Natural Gas Available, Electric Available, Water Available

Water Access N

Roof Type Architectural Shingle

Accessibility None

Total Parking Spaces 5

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Wicomico County Public Schools

Others

Tax ID 2305010942

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard


Bright MLS (BMLS)

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agent

Jeffrey Greer

Team Lead | License ID: 653381

+1(410) 952-9943

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225 BROAD ST

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