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706 Madison Street

Salisbury, MD 21804

3 beds
1 bath
1,632 sqft
6,050 sqft lot
$168 per sqft
1935 build

RARE Investment Opportunity. 706 Madison is a two story 3 bedroom/1 full bath home that has recently been remodeled. This home also has a finished basement. Currently rented for $1,450./month. Landlord pays taxes and insurance. Water and sewer bills are reimbursed by the tenant(s). Located on the same parcel, there is also a one story, 2-bedroom, 1 full bath home that is in great condition, which could serve as an additional rental, in-law quarters, or an office for one’s business. 709 Webster Street: This is a parking lot for the tri-plex known as 711 Webster. 711 Webster Street: This two-story home contains three rental units that are in very good condition with substantial upgrades completed w/in the last 5 years. Unit one is a second-floor unit containing 1 bedroom, 1 full bath, and is rented at $550./month. Unit #2 is a first floor 1 bedroom, 1 full bath, and is leased at $675./month. Unit 3 is a first floor 1 bedroom, 1 full bath, with an expansive kitchen and is leased for $875./month. Landlord pays taxes, insurance, water and sewer bills, and the natural gas bill during the winter months. Window air conditioners (30 are provided for air conditioning. Each unit is separately metered for electricity, which is paid by the tenants. There is also a workshop/storage unit attached to the apartment building. Although needing to be subdivided, there is an opportunity for a building lot that fronts on Madison and Webster streets. All units have full risk reduction lead paint certificates. All homes being sold as-is, where-is. Leases can also be provided. 709-711 Webster can be purchased separately for $245,000. and the Madison Street homes can be purchased separately for $275,000. or one can purchase all for a reduced price of $495,000.

Listing courtesy of BRIGHT / ERA Martin Associates

Last checked: Checking… • Last updated Apr 17, 2025 •

MLS# MDWC2017640 —

The Building

Year Built:

1935
Year Built Source:

Assessor
Year Major Reno/Remodel:

2022
Roof:

Asbestos Shingle
New Construction:

No
Construction Materials:

Block, Brick Front, Frame, Stick Built, Vinyl Siding
Building Name:

None Available
Structure Type:

Detached
Architectural Style:

Other
Historic:

No
Levels:

2
Accessibility Features:

None
Other Equipment:

None
Foundation Details:

Brick/Mortar
Basement:

Yes
Basement Type:

Fully Finished, Interior Access
Building Winterized:

No
Total SqFt Source:

Estimated
Above Grade Finished Area Units:

Square Feet
Above Grade Finished SqFt:

1632
Above Grade Finished SqFt Source:

Estimated
Below Grade Unfinished Area Units:

Square Feet
Tax Total Finished SqFt:

1216

Interior

Interior Features:

Carpet, Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Efficiency
Flooring Type:

Carpet, Hardwood, Vinyl
Fireplace:

No
Wall & Ceilings:

Dry Wall
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

1632
Living Area SqFt:

1,632 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Bank Portfolio, Cash, Conventional
Possession:

Settlement

Location

Directions:

Take Eastern Shore Dr, turn onto Washington St. Turn onto Madison.
Latitude:

38.35741000
Longitude:

-75.59439000

The Property

Property Type:

Residential
Property Condition:

Very Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.14
Lot Size Source:

Assessor
Lot Features:

Partly Wooded, Road Frontage
Lot SqFt:

6,050 Sqft
Additional Parcels:

Yes
Additional Parcels:

See Mls Remarks
Zoning:

R8
Road Surface Type:

Black Top
Road Responsibility:

City/County
In City Limits:

Yes
Outdoor Living Structures:

Porch(es), Screened
Other Structures:

Above Grade
Horse:

No
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

R
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2313033102
Tax Year:

2024
Tax Annual Amount:

$1,693
Tax Assessed Value:

$85,000
Year Assessed:

2024
School Tax:

95.0
County Tax:

720.00
City/Town Tax:

878.00
Total Taxes Payment Frequency:

Annually

Beds

Bedrooms:

3
Bedrooms Main Level:

2
Upper Level Bedrooms:

1
Upper Level 1 Bedrooms:

1

Baths

Total Baths:

1
Full Baths:

1
Main Level Baths:

1.00
Main Level Full Baths:

1

Heating & Cooling

Cooling Type:

Central A/C, Heat Pump(s)
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Hot Water
Heating Fuel:

Natural Gas Available

Utilities

Utilities:

Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Sewer/Septic:

Public Sewer, Public Septic
Hot Water:

Electric
Water Source:

Public
Internet Services:

Cable

Appliances

Appliances:

Dishwasher, Disposal, Dryer, Dryer - Gas, Refrigerator, Stove, Washer, Water Heater
Laundry Type:

Basement

Schools

School District Name:

Wicomico County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

None Available
Senior Community:

No
Pool:

No Pool
Spa:

No
HOA:

No
Condo/Coop Association:

No
Municipal Trash:

Yes

Parking

Total Garage and Parking Spaces:

3
Garage:

No
Type of Parking:

Driveway, On Street
Parking Features:

Stone Driveway
Driveway - # of Spaces:

3

Extra Units

Vacation Rental:

No

Monthly cost estimate

Asking price

$275,000

Expense	Monthly cost
Mortgage	$1,472
Taxes	$141
Insurance	$75
Utilities	$218 See report
Total	$1,906/mo.^*
	^*This is an estimate

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My Commute

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Sale history

Date	Event	Source	Price	% Change
4/17/25 Apr 17, 2025	Listed / Active	BRIGHT	$275,000

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This house located in Presidents - Princeton, Salisbury, MD 21804 is currently for sale for $275,000. 706 Madison Street is a 1,632 square foot house with 3 beds and 1 bath. 706 Madison Street is in the Presidents - Princeton neighborhood of Salisbury and has a WalkScore® of 77, making it very walkable. This house is in the attendance area of Prince Street Elementary School, Bennett Middle School, and James M. Bennett High School.

Listing Courtesy of: BRIGHT and ERA Martin Associates.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.