Two-Unit Duplex
231 NEWTON Street Salisbury, MD 21801
New
For Sale
$330,000
MULTI_FAMILY - Contemporary - SALISBURY, MD
Property Size1,736 SF
Lot Size0.13 Acres
Price / SF$190.09
Days on Market3
Property Features for 231 NEWTON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,736 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 796
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Contemporary
Listing Agency:
EXP Realty, LLC
(888) 860-7369
Listed By:
Ross Muir
(443) 944-3638
Added: Jul 24
Last Checked: Jul 26 at 12:06PM
MLS# MDWC2023904
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.
Investment Insights
Based on property information with market context.
This certified duplex includes two residential units with separate layouts. The first-floor unit features 2 bedrooms, 1 full bathroom, a spacious living room, and a full kitchen. The second-floor unit offers 3 bedrooms, 1 full bathroom, a living room, a full kitchen, and its own private entrance accessed via the rear staircase.
Located in the Historic District of Salisbury, the property is convenient to daily needs and services, with Tidal Health less than five minutes away and shopping, grocery stores, restaurants, and downtown Salisbury nearby.
On a 0.1331-acre lot, the duplex totals 1,736 square feet, providing a straightforward two-unit configuration suitable for buyers seeking an income-producing residential property.
Located in the Historic District of Salisbury, the property is convenient to daily needs and services, with Tidal Health less than five minutes away and shopping, grocery stores, restaurants, and downtown Salisbury nearby.
On a 0.1331-acre lot, the duplex totals 1,736 square feet, providing a straightforward two-unit configuration suitable for buyers seeking an income-producing residential property.
Key Highlights
- Certified duplex with 2 separate units in Salisbury’s Historic District
- First‑floor unit: 2 bedrooms, 1 full bathroom, living room, full kitchen
- Second‑floor unit: 3 bedrooms, 1 full bathroom, living room, full kitchen with private rear entrance via rear staircase
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Certified duplex with two separate units, including a first-floor 2-bedroom layout and a second-floor 3-bedroom unit with private rear entrance.
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 with 2 separate units in Salisbury’s Historic District; First‑floor unit: 2 bedrooms, 1 full bathroom, living room, full kitchen; Second‑floor unit: 3 bedrooms, 1 full bathroom, living room, full kitchen with private rear entrance via rear staircase
