$225,000
●
House -
For Sale
111 WHITE STREET
SALISBURY, MD 21804
3 Beds
2 Baths
1,080 Ft²
$1,411
Est. Monthly
About This Property
The home features town water and sewer, eliminating private well
and septic maintenance. A new HVAC system with smart thermostat has
also been installed, providing an important mechanical upgrade for
the next owner. Outside, a spacious 12' x 16' storage shed provides
plenty of room for lawn equipment, tools, bicycles, seasonal items,
additional storage, or workshop space. The property offers
convenient access to Route 50, Downtown Salisbury, shopping,
dining, schools, healthcare, Salisbury University, TidalHealth
Peninsula Regional, Salisbury City Park, the Salisbury Zoo, and
major area employers. Ocean City and Maryland's Atlantic beaches
are approximately 30 miles away, putting the beach within about a
40-minute drive under normal traffic conditions. Property
Highlights: • Asking Price: $225,000 • 3 Bedrooms / 2 Bathrooms •
Approx. 1,080 sq. ft. • Two-story residence • New HVAC system •
Town water and sewer • 12' x 16' storage shed • Convenient East
Salisbury location • Approx. 30 miles from Ocean City • No known
defects
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$208
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
2004
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 days ago (Bright MLS #MDWC2024880)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Listed by Homecoin.com | $225,000 | |
| Listed by Homecoin.com | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 18, 2021 | Sold | ||
| Sold | |||
| Oct 5, 2020 | In contract | - | |
| In contract | |||
| Oct 1, 2020 | Listed by Homecoin.com | $145,900 | |
| Listed by Homecoin.com | |||
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Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 2
Exterior Details
Square Footage: 1080
Square Footage Source: $0
Architectural Style: Cape Cod
Year Built Source: Assessor
Year Built: 2004
Building Name: NONE AVAILABLE
Levels: 2
Other Structures: Above Grade, Below Grade
Construction Materials: Other
Lot Size Area: 6240
Lot Size Units: Square Feet
Lot Size Acres: 0.14
Lot Size Square Feet: 6240
Tax Lot: 4
Water Source: Public
Financial Details
Tax Assessed Value: $190,700
Tax Annual Amount: $3,671
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump - Electric BackUp
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
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About Salisbury
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Listed by: Jonathan Minerick
Homecoin.com
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDWC2024880
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Homecoin.com
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDWC2024880
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