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$242,500
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Property Description
**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.
Full Property Details
Full Property Details for 225 Broad St
General
- Sold For: $242,500
- Taxes: $1,674 (2024)
- Status: Closed
- Type: Duplex
- Source: BrightMLSMidAtlantic
- MLS ID: MDWC2018994
- Added to Site: 172 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Floor Plan - Traditional
- Appliances: Oven/Range - Electric, Refrigerator
- Flooring: Carpet, Wood, Vinyl
Parking
- Total Spaces: 5
- Parking Features: Gravel Driveway
- Parking Type: On Street, Driveway
Location
- Area: Wicomico Northwest (23-01)
- Municipality: Salisbury
- County: Wicomico
- Building Name: NONE AVAILABLE
- Driving Directions: Heading South on Salisbury Blvd; Make Right on Broad Street; House is on the Right.
- Location Details: Downtown
- City Limits: Yes
School Information
- School District: Wicomico County Public Schools
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Window Unit(s)
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV, Natural Gas Available, Electric Available, Water Available
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Twin/Semi-Detached
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Interior Access, Partially Finished
- Foundation: Concrete Perimeter
- Roof: Architectural Shingle
- Stories/Levels: 0
- Square Feet: 2,200
- Sq. Ft. Source: Assessor
- Living Area: 1,848 Sq. Ft.
- Year Built: 1930
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,224
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: OSR
Financial Considerations
- Price Per Sq. Ft.: $140.69
- Assessment Year: 2025
- City/TownTax: $868
- City/TownTax Freq: Annually
- County Tax: $712
- County Tax Freq: Annually
- Tax w/Assessment: $84,100
- Tax Amount: $1,674
- Tax Year: 2024
- Terms: Standard Sale
- Owner Pays: Management
- Landlord Pays: Management
- Tax Total Finished Sq. Ft.: 1848
Disclosures and Reports
- Ownership: Fee Simple
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Schools
Schools serving 225 Broad St
School District:Wicomico County Public Schools
| Name | Grades | Distance |
|---|---|---|
North Salisbury Elementary School 1213 Emerson Avenue, Salisbury, MD 21801 | 3-5 | 0.8 mi |
West Salisbury Elementary School 1321 West Road, Salisbury, MD 21801 | PK-2 | 1.7 mi |
Salisbury Middle School 607 Morris Street, Salisbury, MD 21801 | 6-8 | 1.1 mi |
Wicomico High School 201 Long Avenue, Salisbury, MD 21804 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 225 Broad St
Date
Details
Price
Change
Source
10/10/2025
Sold
$242,500
-6.73%
MLS
9/09/2025
Price Reduced
$259,999
-8.77%
MLS
8/25/2025
Price Reduced
$285,000
-5%
MLS
7/27/2025
Listed
$299,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
225 Broad Street, Salisbury, MD 21801 (MLS# MDWC2018994) is a Duplex property that was sold at $242,500 on October 10, 2025. This property was sold by Madeleine McCoy from our Ocean City - 123rd Office.Want to learn more about 225 Broad Street? Do you have questions about finding other Duplex real estate for sale in Salisbury? You can browse all Salisbury real estate or contact a Coldwell Banker agent to request more information.


