Certified Two-Unit
231 NEWTON STREET Salisbury, MD 21801
For Sale
$330,000
Two separate duplex units offer independent living with kitchens and multiple bedrooms.
Property Size1,736 SF
Price / SF$190.09
Days on Market8
Property Features for 231 NEWTON STREET
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Duplex
Building Details
Year Built
1900
Listing Agency:
EXP Realty, LLC
(443) 944-3638
Listed By:
Ross Muir
(443) 944-3638
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 29 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
Investment Insights
Based on property information with market context.
This certified duplex includes two separate residential units. The first-floor unit features two bedrooms, one full bathroom, a spacious living room, and a full kitchen. The second-floor unit offers three bedrooms, one full bathroom, a living room, and a full kitchen, with its own private entrance via the rear staircase.
The property is located in the Historic District of Salisbury. It is described as less than five minutes from Tidal Health and just minutes from shopping, grocery stores, restaurants, and downtown Salisbury amenities.
As configured, the building provides two complete living spaces within a duplex layout, supporting flexible owner or tenant occupancy arrangements.
The property is located in the Historic District of Salisbury. It is described as less than five minutes from Tidal Health and just minutes from shopping, grocery stores, restaurants, and downtown Salisbury amenities.
As configured, the building provides two complete living spaces within a duplex layout, supporting flexible owner or tenant occupancy arrangements.
Key Highlights
- Certified duplex in Salisbury Historic District, built in 1900
- First‑floor unit: 2 bedrooms, 1 full bathroom, spacious living room, full kitchen
- Second‑floor unit: 3 bedrooms, 1 full bathroom, living room, full kitchen
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $18.96 |
| − Vacancy | −$1.3k | −$0.72 |
| EGI | $31.7k | $18.24 |
| − OpEx | −$9.5k | −$5.47 |
| NOI | $22.2k | $12.77 |
1,736 SF · lease $18.96/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.6K
$277.1K – $369.4K
NOI $22,165 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$292.3K
$255.7K – $341.0K
NOI $20,459 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$607.3K
$531.4K – $708.5K
NOI $42,509 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate duplex units offer independent living with kitchens and multiple bedrooms.
Where is this duplex located?
The property is located at 231 NEWTON STREET Salisbury, MD.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Certified duplex in Salisbury Historic District, built in 1900; First‑floor unit: 2 bedrooms, 1 full bathroom, spacious living room, full kitchen; Second‑floor unit: 3 bedrooms, 1 full bathroom, living room, full kitchen
