507 CAMDEN AVE Salisbury, MD 21801
0.35 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Lot Size 0.347 Acres
MLS Listing ID MDWC2022212
Financing Cash,Conventional
Total Units 9
Short Sale No
Originating MLS BRIGHT
Property Description
An exceptional opportunity awaits with this beautifully preserved historic 9-unit apartment building, ideally located in the vibrant center of Salisbury, Maryland. Blending timeless character with modern-day convenience, this property offers strong appeal for both investors and tenants seeking charm, walkability, and accessibility.
Perfectly positioned in a prime downtown location, residents enjoy being just a short five-minute walk from Tidal Health Hospital, as well as Salisbury's bustling downtown district—home to an array of local shops, restaurants, cafés, and everyday amenities. This highly desirable setting attracts a steady tenant base, including medical professionals, students, and individuals who value an urban lifestyle.
The building features a well-balanced unit mix, consisting of three spacious two-bedroom apartments and six comfortable one-bedroom units. Each apartment includes its own kitchen and full bathroom, providing tenants with privacy and convenience. Additionally, all units are equipped with separately metered electric service and individual gas-fired hot water boilers, enhancing operational efficiency and simplifying utility management.
Rich in historic charm and located in one of Salisbury's most sought-after areas, this property represents a rare chance to own a character-filled, income-producing asset in a thriving and walkable community.
Location
State MD
County Wicomico
Area Wicomico Southwest (23-03)
Zoning R10
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Flooring Hardwood
Heat Source Electric
1-purchase type For Sale
Exterior
Garage Spaces 9
Utilities Available Cable TV, Natural Gas Available
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway, Parking Lot
Total Parking Spaces 9
Building
Lot Description Cleared
New Construction N
Foundation Block
Lot Dimensions 0.00 x 0.00
Sewer Public Sewer
Water Public
Schools
School District Wicomico County Public Schools
Others
Tax Amount $7,838
Tax Year 2025
Tax ID 2313027846
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Special Sale Standard
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