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111 W Salisbury St

$575,000

111 W Salisbury St, Williamsport, MD 21795

Active
Last Updated: 10/01/2025

9

Cap Rate

49,000

NOI

Details:
Cap Rate:    9%
NOI:    $49,000
Building Size:    4,362 sqft
Year Built:    1904
Price Per Sqft:    $131.82
Zoning:    U
Highlights:
  • Days on Market: 81
  • Heating: Hot Water, Other
Description:

Turnkey 6-Unit Apartment Building with Additional Lot – Prime Williamsport Location

Introducing a well-maintained and income-producing 6-unit apartment building located at 111 West Salisbury Street in the heart of Williamsport, Maryland. This solid investment property features five 1-bedroom units and one large 3-bedroom, 2-bath unit, with a gross annual rental income of $59,400.

The building underwent a major renovation in the 1980s, updating both electrical and plumbing systems, and more recently received a new roof in 2022, adding long-term value and reducing future capital expense needs.

The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments, offering strong upside potential for investors.

The lot/parcel may allow for potential for future development or expansion, making this an even more attractive investment opportunity.

Situated in a convenient location close to I-81 and I-70, this property is easily accessible and near parks, shopping centers, and schools, making it appealing to tenants.

Whether you're looking to expand your real estate portfolio or acquire a stable, long-term investment, this property offers immediate income with future growth opportunity.

A rare opportunity in a desirable location—schedule your showing today!

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