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315 Park Ave, Salisbury, MD, 21801

6beds
3baths
3,080sqft
$199,999
$65price/sqft
$1,705/moest. monthly cost
$68,200/yrincome needed

About This Home

Rare opportunity to own a side by side duplex in the heart of Salisbury featuring two separately addressed units, 313 & 315 Park Ave. Whether you're an investor looking to expand your portfolio or a buyer seeking a value add opportunity, this property offers tremendous potential. Unit 313 features 3 bedrooms and 1 full bath and is currently in functional, livable condition with classic charm and room for cosmetic updates. Unit 315 offers a more spacious layout with 3 bedrooms and 2 full baths, presenting an excellent renovation opportunity to maximize value and rental income. Both units retain character with spacious rooms, covered front porches, and separate entrances. Live in one unit while renovating the other, renovate both for increased cash flow, or add this property to your investment portfolio. Conveniently located near downtown Salisbury, shopping, restaurants, schools, and major commuter routes. Property is being sold As Is. Excellent opportunity for investors, renovators, or buyers looking to build equity in a multi unit property.

Getting Around

61
WalkingSomewhat Walkable
24
TransitMinimal Transit
49
BikeSomewhat Bikeable

Schools

6/10
Salisbury Middle SchoolGrades 6-81.0 mi
2/10
Wicomico High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1919

Materials

  • Foundation: Brick/Mortar
  • Roof: Asphalt
  • Construction materials: Frame,Stick Built,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Oven/Range - Electric,Refrigerator,Washer,Gas Water Heater
  • Laundry features: Washer/Dryer Hookups Only

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 3
  • Main level bedrooms: 6

Features

  • Door features: Storm Door(s)
  • Window features: Window Treatments
  • Number of fireplaces: 2
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 3,080

Heating & Cooling

  • Heating features: Radiator,Natural Gas
  • Cooling features: Ceiling Fan(s),Natural Gas

Interior Area

  • Total structure area: 3,080
  • Total interior livable area: 3,080 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2309047824
  • Zoning: R-8
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Enclosed

Lot

  • Lot size: 6,534 sqft
  • Features: Cleared

Parking

  • Parking features: Driveway,Other
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Winter Weather
Tsunami

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,011$12,132
Home Insurance *$161$1,932
Property Taxes $141$1,692
Electricity $392$4,708
Total$1,705$20,460
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,457/yr
40% on housing$51,150/yr
45% on housing$45,466/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$65This listing

vs Other Active Listings

Avg $/sqft

ZIP 21801$140
Wicomico County$136

vs Homes Sold Last Month

Median $/sqft

ZIP 21801
Wicomico County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-16Listed for sale$199,999
1983-06-30Sold$34,500

For Sale by Agent

AgentKyle Friedman
BrokerageEXP Realty, LLC

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