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101 Cedar CrossingSalisbury, MD 21804Price: $11,950,000

  • Price: $11,950,000
  • 1176 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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101 Cedar Crossing Salisbury MD 21804101 Cedar Crossing Salisbury MD 21804101 Cedar Crossing Salisbury MD 21804101 Cedar Crossing Salisbury MD 21804101 Cedar Crossing Salisbury MD 21804101 Cedar Crossing Salisbury MD 21804101 Cedar Crossing Salisbury MD 21804101 Cedar Crossing Salisbury MD 21804
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  • 0.08Acreage
  • 1999Year Built
  • 9395Price Per Square Foot
  • 1Units
Cedar Crossing is a well located student housing portfolio for sale and has attractive assumable debt. All units are walking distance to the Salisbury University campus and across the street from the football stadium and other sports fields. Current rental rates are lower than most competitors and there is space for amenities to be added. The portfolio consists of 58 individual units with 228 bedrooms that were all built new in 1999 - wood frame construction with vinyl siding, asphalt shingles, vinyl wood, carpet and vinyl tile flooring throughout. Kitchens are complete with refrigerator, dishwasher and stove; laminate and cultured marble tops in kitchens and bathrooms. All units have washers and dryers. Addresses include: (units listed in the 'portfolio properties' are only 2 of the 58 total, see below for addresses:) 101-207 Cedar Crossing Rd.
Listed by William Rinnier of Rinnier Development Co

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Railey Vacations

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Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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Location Information

  • UsmAreaSalisbury - Wicomico Southeast

Parking

  • Parking TypesDriveway, Parking Lot

Basic Information

  • Date Listed04/26/2023

Location

  • Address101 Cedar Crossing
  • Building Number101
  • CountyWicomico
  • DirectionsRoute 13 to College Ave, turn right on South Division Street, turn left on Onley Road, Cedar Crossing will be on the left off of Onley Road, located behind the athletic fields of Salisbury University.
  • In City Limits YNYes
  • IncorporatedcitynameSalisbury
  • StateMD
  • TownSalisbury
  • Zip21804

Amenities

  • Accessibility AmenitiesLevel Entry - Main

Legal

  • LandusecodeTH
  • PossessionSettlement
  • Sale TypeOther

Basic Information

  • Broker NameRinnier Development Co
  • List Price$11,950,000
  • MLS Area MajorWicomico Southeast
  • MLS NumberMDWC2009316
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot9395
  • StatusACT
  • Units1

Building

  • Building Area SourceAssessor
  • Building Area Total1272
  • Construction MaterialsVinyl Siding, Block
  • Year Built1999

Exterior

  • RoofShingle

Utilities

  • CoolingOther
  • Cooling FuelOther
  • Heat SystemHeat Pump(s)
  • Heating FuelOther
  • Heating YNYes
  • SewerPublic Septic, Public Sewer
  • Water HeaterOther
  • Water SourcePublic

Tax Information

  • Assessment Year2024
  • City Town Tax$1,220
  • City Town Tax Payment FrequencyAnnually
  • County Tax$1,000
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$118,100
  • Tax Lot1A
  • Tax Year2024
  • Taxes$2,353
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.08
  • Business TypeOther
  • Lot Dimensions SourceAssessor
  • Lot Size Dimensions0.00 x 0.00
  • Lot Size SourceAssessor
  • Lot Size Square Feet3,350
  • New Construction YNN
  • Property SubTypeFive Or More Units

Other

  • Cap Rate5
  • View Count7

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. 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 in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 14, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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