28481 ADKINS ROAD
About This Property
This charming residence offers one-level living with approximately 1,510 square feet, including a master bedroom and bathroom addition not reflected in the tax records-providing extra space and hidden value.
Enjoy the tranquility of country living with the convenience of being just minutes from downtown Salisbury's shopping, dining, and entertainment. When it's time for a beach escape, Ocean City is only 30 miles away.
The AR zoning and large lot offer endless potential to expand up or out, add a workshop, or design the backyard retreat of your dreams. With private well and septic and no city taxes, you'll benefit from lower living costs and more freedom to customize your property.
Whether you're looking for a starter home, a downsizing option, or a savvy investment, this home combines affordability, location, and possibility.
With a price this good, it won't stay on the market long-schedule your showing today!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Sep 7, 2025 | In contract | - | |
| In contract | |||
| Aug 30, 2025 | Price Decreased |
$250,000
↓ $15K
(5.7%) | |
| Price Decreased | |||
| Aug 6, 2025 | Price Decreased |
$265,000
↓ $25K
(8.6%) | |
| Price Decreased | |||
| Jul 21, 2025 | Price Decreased |
$290,000
↓ $20K
(6.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017