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507 CAMDEN AVE Salisbury, MD 21801
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWC2022212
Year Built 1890
Annual Tax Amount $7,838
Tax Year 2025
Lot Size 0.347 Acres
Acres 0.35
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Source 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
Exterior
Garage Spaces 9.0
Utilities Available Cable TV, Natural Gas Available
Water Access N
Accessibility None
Total Parking Spaces 9
Garage N
Building
Lot Description Cleared
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wicomico County Public Schools
Others
Tax ID 2313027846
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS