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Historic 9-Unit Apartment Building
For Sale
$870,000

507 Camden Avenue, Salisbury, MD 21801

Historic 9-unit building with three two-bedroom and six one-bedroom homes, each with kitchen, full bath, and separate utilities.

Property SizeContact for details
Days on Market169

Property Features for 507 Camden Avenue

General Information

Standard status Active
Property subtype Commercial

Additional Details

Multifamily Units 9

Building Details

Year Built 1890
Tenancy Multi
Listing Agency: Long & Foster Real Estate,Inc.
Listed By: Austin H Cox Jr.
Source: Ournexthouse
Added: Mar 5 Changed: Aug 21 Last Checked: Aug 21 at 11:15AM

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 Long & Foster Real Estate,Inc.

Investment Insights

Based on property information with market context.

This beautifully preserved historic 9-unit apartment building offers a well-balanced mix of three two-bedroom apartments and six one-bedroom apartments. Each unit includes its own kitchen and full bathroom. Utility management is supported by separately metered electric service and individual gas-fired hot water boilers for every unit.

Located in central Salisbury, Maryland, the property is described as a short five-minute walk from Tidal Health Hospital and within the downtown area with access to local shops, restaurants, and everyday amenities.

The combination of historic character and self-contained in-unit services makes this property a practical fit for tenants who want privacy and convenience within a walkable downtown setting.

Key Highlights

  • Historic 9‑unit apartment building built in 1890 in Salisbury, Maryland
  • Unit mix includes 3 two‑bedroom apartments and 6 one‑bedroom apartments
  • Each unit has its own kitchen and a full bathroom

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Pet Store & Service Restaurant Daycare Center Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,088
Businesses Nearby

Demographics for 21801, MD

31,183
Population
12,140
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
87%
High-School Grad
40.1 sq mi
ZIP Area
778
Density / Sq Mi
$67,140
Median Household Income
$36,290
Median Earnings
$1,058
Median Rent
$286,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic 9-unit building with three two-bedroom and six one-bedroom homes, each with kitchen, full bath, and separate utilities.
Where is this apartment building located?
The property is located at 507 Camden Avenue Salisbury, MD.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Historic 9‑unit apartment building built in 1890 in Salisbury, Maryland; Unit mix includes 3 two‑bedroom apartments and 6 one‑bedroom apartments; Each unit has its own kitchen and a full bathroom
More about this property
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