810 N DIVISION Street, Salisbury, MD 21801
MULTI_FAMILY - Victorian - SALISBURY, MD
- Added:
- Jan 24, 2026
- Days on Market:
- 118
- Last Refresh:
- May 22 at 11:06 am
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
Listing agent Jennifer Malcolm License #5011596 (301) 331-8252
Listing office EXP Realty, LLC 8115 Maple Lawn Boulevard unit: 350, National Harbor, MD (888) 860-7369
Listing date Jan 24, 2026
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
Financial Insights
Value Estimation Calculated for Multifamily LT 5
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 |
Alternative Use Scenarios
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.59546
- Latitude
- 38.37412