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$995,000

  • For Sale
  • Active
  • Commercial Service
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Great opportunity for positive cash flow! Two apartment buildings, 531 W. Main St. has 11 units, 2 storefronts, 2 efficiencies, 4 one bedroom, 3 two bedroom apartments. 527 W. Main St. has 12 units, 3 storefronts, 3 one bedroom apartments, 2 two bedroom apartments, 2 three bedroom apartments. Market rent would indicate over $130,000 annual net income. Additional lot for parking for both buildings. This is a package deal, both buildings for $995,000. See agent for income and expense sheet. Appointment required for showings. Must have 24 hr. or more notice.

Full Property Details for 531 W Main St

General

  • Price: $995,000
  • Taxes: $1,750 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDSO2006818
  • Updated: 3/6/2026
  • Added to Site: 94 day(s) ago

Business

  • Business Type: Professional, Other/General Retail, Hair Salon and S

Interior

  • Flooring: Carpet, Hardwood, Vinyl

Parking

  • Total Spaces: 20
  • Parking Features: Private
  • Parking Type: Parking Lot

Location

  • Area: Somerset West of Rt-13 (20-01)
  • Municipality: Crisfield
  • County: SOMERSET
  • Driving Directions: Rt. 413 to Crisfield, follow into town, turn left on 4th St., right on W. Main. Property on left.
  • Location Details: Business District
  • City Limits: Yes

School Information

  • Elementary School: Carter G Woodson
  • Middle School: Somerset 6-7
  • High School: Crisfield Academy And

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C, Heat Pump(s), Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric, Heat Pump - Electric BackUp
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV

Structural Information

  • Construction: Brick
  • Roof: Built-Up, Architectural Shingle, Asphalt
  • Building Size: 10654
  • Year Built: 1920
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.5
  • Lot Size (Sq. Ft.): 21,780
  • Lot Size Source: Estimated
  • Zoning: CBD
  • Lot Description: Additional Lot(s)

Financial Considerations

  • Price Per Sq. Ft.: $93.39
  • Assessment Year: 2025
  • City/TownTax: $1,369
  • City/TownTax Freq: Annually
  • County Tax: $1,574
  • County Tax Freq: Annually
  • Tax w/Assessment: $157,400
  • Tax Amount: $1,750
  • Tax Year: 2025
  • Owner Pays: Accounting/Legal, Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Pest Control, Repairs, Reserves for Replacement, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: Each residential rental unit has a refrigerator and electric range.
  • Investment: Yes

Listed by Wilson Realty, Cynthia Stevens

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Listing agent

— 531 W Main St —

  • Cynthia Stevens

    Wilson Realty

Listing Office Email: wilsonrealty@verizon.net

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 531 W Main St

School District:Somerset County Public Schools
NameGradesDistance
Carter G Woodson Elementary School
281 Woodson School Road, Crisfield, MD 21817
PK-50.6 mi
Crisfield Academy And High School
210 North Somerset Avenue, Crisfield, MD 21817
8-120.8 mi
Somerset 6/7 Intermediate School
7970 Tawes Campus Drive, Westover, MD 21871
6-711 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 531 W Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/31/2025
Listed
$995,000
642.54%
MLS
7/17/2015
Sold
$134,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 531 W Main St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,750
—
$157,400
—
2023
$1,750
-44%
$157,400
—
2022
$3,120
82%
$157,400
1%
2020
$1,712
1%
$155,700
2%
2020
$1,694
—
$152,300
—
2019
$1,694
—
$152,300
—
2018
$1,694
-26%
$152,300
-26%
2017
$2,280
8%
$205,000
—
2015
$2,113
-12%
$205,000
-12%
2014
$2,390
—
$232,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Wilson Realty, Cynthia Stevens

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531 W Main Street, Crisfield, MD 21817 (MLS# MDSO2006818) is a Commercial Service property. 531 W Main Street is currently listed for $995,000 and was received on December 31, 2025. Want to learn more about 531 W Main Street? Do you have questions about finding other Commercial Service real estate for sale in Crisfield? You can browse all Crisfield real estate or contact a Coldwell Banker agent to request more information.

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