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    Parsonsburg, MD
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    Parsonsburg, MD Multifamily Properties for Sale

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    Pittsville, MD Salisbury, MD Willards, MD Delmar, MD Delmar, DE Laurel, DE Whaleyville, MD Snow Hill, MD
    Rented Duplex with Two 2-Bed Units
    Updated: Apr 28
    Rented Duplex with Two 2-Bed Units

    33023 OLD OCEAN CITY Road, Parsonsburg, MD 21849

    $260,000
    2,128 sqft 0.16 AC lot
    Duplex rental with 2 units: 2 bed/1 bath upstairs and 2 bed/1 bath downstairs
    Property is currently rented on a month‑to‑month basis
    Year built: 1920; stick‑built construction materials
    Electric baseboard heating system
    Driveway parking
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Parsonsburg, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Delmar Duplex: Investment Opportunity
    Delmar Duplex: Investment Opportunity

    5 W CHESTNUT Street, Delmar, MD 21875

    $219,900
    1,386 sqft 0.20 AC lot

    Low-maintenance duplex in Delmar with established tenants and immediate cashflow.

    View details
    Two-Story Apartment Building with 21 Units
    Two-Story Apartment Building with 21 Units

    224 Phillip Morris Drive, Salisbury, MD 21804

    $4,400,000
    40,017 sqft

    Two-story apartment building renovated in 2024 and zoned LBI, featuring 21 units and fully occupied living space.

    View details
    Condo Townhome Near Medical Complex
    Condo Townhome Near Medical Complex

    1801 WOODBROOKE Dr 1801, Salisbury, MD 21804

    $600,000

    Three-bedroom condo townhome near Route 50 and Woodbrooke medical complex.

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    Delmar Multifamily Property on Route 13
    Delmar Multifamily Property on Route 13

    9091 Ocean Hwy, Delmar, MD

    Contact for pricing
    1.70 AC lot

    Six-unit apartment complex on 1.7 acres with highway frontage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Turnkey Camping Property in Horntown
    Turnkey Camping Property in Horntown

    354-355* SEA BASS DR lot: 2Lots, Horntown, VA 23395

    $163,500
    0.16 AC lot

    High-end camping with access to numerous amenities.

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    Lot Near Crabbing Pier
    Lot Near Crabbing Pier

    WALLOPS DRIVE lot: 153, Horntown, VA 23395

    $57,500
    0.09 AC lot

    Residential lot with septic and water view in Horntown.

    View details
    Chincoteague Island Mobile Home Lot
    Chincoteague Island Mobile Home Lot

    SEAHORSE DR lot: 6B, Chincoteague, VA 23336

    $145,000
    0.12 AC lot

    Vacant lot near beach, boating, and wildlife areas.

    View details
    Chincoteague Island Lot with Utilities
    Chincoteague Island Lot with Utilities

    2339 BAY BREEZE DR lot: 44, Chincoteague, VA 23336

    $104,900
    0.05 AC lot

    Residential lot with utilities near Curtis Merritt Harbor.

    View details

    Parsonsburg, MD Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Parsonsburg, MD on our real estate platform. These investment opportunities span a total of 2,128 square feet of properties for sale, with an estimated market value of $260,000.

    Sale prices for multifamily properties in Parsonsburg, MD average $260,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1

    Demographics Overview

    Population 3,845
    Population Growth (5Y) +16.6%
    Median Household Income $74,966
    College Educated 33.9%

    High-Yield Neighborhoods for Investment

    Identify Parsonsburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21849 $260K

    Taxes & Financing

    Tax Rate (average for all types) 0.74%
    Property Tax per SF $46.84 per SF
    Tax Rate vs County Average 0.23 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wicomico County

    New Delisted

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