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Sold for $242,500
  • $242,500

    225 Broad St, Salisbury, MD 21801

    3beds
    --baths
    1,848sqft
    Duplex
    Built in 1930
    -- sqft lot
    $281,800 Zestimate®
    $131/sqft
    $1,366 Estimated rent

    Home value

    $281,800

    $268,000 - $296,000

    $1,366/mo

    Zestimate® history
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    $1,366/mo

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    $1,491/mo

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    $1,491/mo

    Est. payment

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    What's special

    **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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyantha Randall 410-430-8606,

    Keller Williams Realty Delmarva

    Bought with:

    Maddie Holloway

    Coldwell Banker Realty

    Source: Bright MLS,MLS#: MDWC2018994MLS Logo

    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 sqft
    • 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 & neighborhood

    Location
    • Region: Salisbury
    • Municipality: Salisbury

    Other

    Other facts
    • Listing agreement: Exclusive Agency
    • Income includes: Apartment Rentals
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    5/2/2026Listing removed$284,900$154/sqft
    Source: Bright MLS #MDWC2022576 Report a problem
    4/21/2026Listed for sale$284,900+17.5%$154/sqft
    Source: Bright MLS #MDWC2022576 Report a problem
    10/10/2025Sold$242,500-6.7%$131/sqft
    Source: Bright MLS #MDWC2018994 Report a problem
    9/16/2025Contingent$259,999$141/sqft
    Source: Bright MLS #MDWC2018994 Report a problem
    9/10/2025Price change$259,999-8.8%$141/sqft
    Source: Bright MLS #MDWC2018994 Report a problem
    8/25/2025Price change$285,000-5%$154/sqft
    Source: Bright MLS #MDWC2018994 Report a problem
    7/27/2025Listed for sale$299,999+233.3%$162/sqft
    Source: Bright MLS #MDWC2018994 Report a problem
    3/8/2014Listing removed$90,000$49/sqft
    Source: Coldwell Banker Residential Brokerage - Salisbury #484501 Report a problem
    3/24/2013Listed for sale$90,000$49/sqft
    Source: Keller Williams Select Realtor #482969 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 21801

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Wicomico County Public Schools

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $281,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $281,800