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    Remodeled Victorian Duplex, Income Ready Title is generated by Realmo AI

    810 N DIVISION Street, Salisbury, MD 21801

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    For Sale
    $290,000

    MULTI_FAMILY - Victorian - SALISBURY, MD

    Property size:
    1,832 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $158/SF
    Added:
    Jan 24, 2026
    Days on Market:
    117
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for 810 N DIVISION Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    2
    Parking features
    Off Street, On Street, Driveway
    Interior features
    2nd Kitchen, Ceiling Fan(s), Entry Level Bedroom
    Standard status
    Active
    Size
    1,832 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2699

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump, Ductless, Ceiling Fan(s)

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Combination
    Architectural style
    Victorian

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    Listing Contact
    Jennifer Malcolm
    Jennifer Malcolm

    Listing agent Jennifer Malcolm License #5011596

    Listing office EXP Realty, LLC 8115 Maple Lawn Boulevard unit: 350, National Harbor, MD

    Listing date Jan 24, 2026

    MLS# MDWC2021322 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Immediate monthly rental income of $3,250 with potential to earn $3,400-$4,000.
    • Upper level unit is fully furnished and currently rented to a travel nurse through April 2026 for $2,000/month.
    • Recently remodeled duplex with separate entrances, kitchens, laundry facilities, and HVAC for each unit.
    • Victorian charm with updated features including new laminate flooring, updated bathrooms and kitchens, and fresh paint.
    • Convenient location near Business 13 and 50, Salisbury University, downtown shopping, and a short drive to Ocean City beaches.
    • Includes off‑street parking for up to 2 vehicles in addition to ample street parking.

    Overview

    This recently remodeled duplex in Salisbury, MD, presents an opportunity for investors seeking immediate cash flow or buyers interested in living in one unit while generating rental income from the other. The property features a two-bedroom, one-bath unit on the lower level and a one-bedroom, one-bath unit on the upper level, each with separate entrances, kitchens, laundry facilities with full-size appliances, heating and air conditioning units, and individual electric meters. The heat pump for the two-bedroom unit is less than 4 years old, and two new mini-splits were installed in the one-bedroom unit at the end of 2025. The current monthly income is $3,250, with the potential to earn between $3,400 and $4,000 per month. The one-bedroom unit is being sold fully furnished and is currently occupied by a travel nurse renter through April 2026, paying $2,000 per month. The two-bedroom unit is occupied by a family member who pays $1,250 per month plus utilities. The home retains its Victorian charm but features new laminate flooring, updated bathrooms and kitchens, a freshly painted exterior and interior, and off-street parking for up to two vehicles, along with ample street parking on New York Ave. The lower unit has a large, open combination kitchen, dining, and living area, a new in-unit washer and dryer, and front and rear exits. The upper unit comes fully furnished, including a bed, dresser, sofa and chair, a 65-inch TV and console table, a kitchen table and chairs, a kitchen stand with a microwave and air fryer, linens, window treatments, and dishes and utensils. The property is located on the corner of New York and N. Division, is walkable with sidewalks, and is a few blocks from Business 13 and Business 50. It is also a short drive to Salisbury University and downtown shopping, and 45 minutes from Ocean City beaches and other Eastern Shore attractions. The property size is 1,832 square feet and the lot size is 0.07 acres.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $259.9K
    NOI $23,390 @ 9.00% cap · cautious / downside scenario
    Moderate
    $334.1K
    NOI $23,390 @ 7.00% cap · market / base-case scenario
    Aggressive
    $467.8K
    NOI $23,390 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
    Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $34.7k $18.96
    − Vacancy −$1.3k −$0.72
    EGI $33.4k $18.24
    − OpEx −$10.0k −$5.47
    NOI $23.4k $12.77
    1,832 SF · lease $18.96/SF/yr · vacancy 3.80% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $334.1K
    $292.4K – $389.8K (±1% cap)
    NOI $23,390 @ 7.0% cap · market cap 8.07%
    Second Best
    Apartment 5plus
    $308.4K
    $269.9K – $359.8K (±1% cap)
    NOI $21,590 @ 7.0% cap · market cap 7.44%
    Theoretical Best
    Office A
    $640.8K
    $560.7K – $747.7K (±1% cap)
    NOI $44,859 @ 7.0% cap · market cap 15.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Wicomico
    State
    Maryland
    Longitude
    -75.59546
    Latitude
    38.37412

    FAQs

    What type of property is this?
    Duplex - Recently remodeled duplex producing immediate monthly income in Salisbury, MD.
    Where is this duplex located?
    The property is located at 810 N DIVISION Street Salisbury, MD.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Immediate monthly rental income of $3,250 with potential to earn $3,400-$4,000.; Upper level unit is fully furnished and currently rented to a travel nurse through April 2026 for $2,000/month.; Recently remodeled duplex with separate entrances, kitchens, laundry facilities, and HVAC for each unit.
    More about this property
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