Sold

225 Broad Street, Salisbury, MD 21801

Beds
3
Sqft
2,200

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams Realty Delmarva
  • 2
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Overview

**PRICE IMPROVEMENT** **BRING YOUR OFFERS** **SELLER SAYS SELL**

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

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
3
Square feet
2,200
Lot size (acres)
0.10
Year built
1930

Interior features

Basement
Yes, Partially finished

Utilities

Heating
Natural gas, Hot water
Cooling
Ceiling fan(s), Window unit(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$1,674

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: MDWC2018994 Last checked:

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