4 unit building with a detached 3 car garage. 2- 1 bed 1- 2 bed 1-3 bed new roof in 2024 new windows on 1st floor in 2025 New hvac on top floor 2021
Rare waterfront investment opportunity! This completely turn-key property features a four-unit building with four 1-bedroom, 1-bath units, plus a separate 2-bedroom, 2-bath single-family home, all situated directly on the water in a fantastic in-town location. Enjoy the convenience of keeping your boat right outside your back door while being just minutes from many of the area’s favorite restaurants, shops, and local attractions. An exceptional opportunity for investors seeking multiple income-producing units combined with an unbeatable waterfront setting.
Prime Downtown Ocean City Investment Opportunity – 106 Philadelphia Avenue Unlock exceptional income potential in the heart of downtown Ocean City with this versatile 4-bedroom, 3-bath single-family home at 106 Philadelphia Avenue. Built in 1930 and offering approximately 2,080 square feet of living space on a 3,275-square-foot lot, this property sits just two blocks from the beach and two blocks from the bay—placing you steps from the Boardwalk, restaurants, shops, nightlife, and the best of coastal living. What sets this property apart is its flexible multi-level layout designed for maximum rental returns or hybrid owner-occupant use. Each floor features its own bedrooms, full baths, and kitchen, along with independent front and rear entries. Live in one level while renting the other, or operate the entire home as a high-demand short-term vacation rental or steady year-round investment. The attic provides additional conversion potential for even more living or rental space. With parking for up to four vehicles, ceiling fans, and essential appliances including washer, dryer, range/oven, and microwave, the home is ready for immediate use. Whether you’re seeking a primary residence that generates supplemental income, a pure investment property, or a combination of both, 106 Philadelphia Avenue delivers strong income-producing potential in one of Ocean City’s most desirable downtown locations.Don’t miss this rare opportunity to own a flexible, cash-flow-friendly property in the heart of Ocean City.
Rare opportunity to own all three brand-new luxury townhomes in one of Ocean City's most desirable bayside locations. Offered together as a package, this unique investment includes three beautifully crafted residences, each featuring stunning bay views, high-end custom finishes, and thoughtful design throughout. Built by a respected local custom builder, every unit offers expansive living spaces, conditioned garages with striking glass garage doors, and water views from each unit. Located on a short bay block from the bay and an easy walk to the beach, owners and guests will appreciate access to a quieter, low-density stretch of shoreline without the crowds. The prime location places you close to restaurants, entertainment, shopping, and everything Ocean City has to offer while maintaining a more relaxed coastal atmosphere. With no HOA or condo fees, ownership is simple and cost-effective. The property also presents tremendous rental income potential—rent all three units or keep one for personal use while generating income from the other two. Whether you're seeking a premier investment property, family compound, corporate retreat, or luxury coastal getaway, opportunities like this are exceptionally rare. Three brand-new townhomes. Bay views from every unit. No HOA or condo fees. Endless possibilities.
HUGE PRICE IMPROVEMENT!! Exceptional opportunity to own a waterfront 2-unit property in the heart of Ocean City with 2 private boat slips and strong appeal for investors, second-home buyers, or those seeking flexible multi-generational use. Comprised of a 3BR/3BA first-floor unit and a 2BR/1BA second-floor unit, this renovated R-2 property offers versatility for short-term rental, seasonal use, annual rental, or owner-occupied income-producing use. NEW Washers and dryers and HVAC systems in both units as of August 2026. The detached garage may offer potential for conversion to additional living space, subject to zoning requirements and approvals. In addition to the 2 private boat slips, highlights include canal and bay views, private entrances, enclosed porch/sunroom areas, private garage, and extensive recent improvements. A private deck on the lower unit overlooks the water and fenced-in yard. Inside, both kitchens have been recently renovated, along with new LVP flooring, lighting fixtures, paint, and updated furniture, including an original Ocean City Boardwalk board dining table. Located within walking distance to the beach, boardwalk, dining, shopping, and entertainment, this is a rare chance to market a true multi-family waterfront asset in a prime Ocean City location. With over $110,000 rental income, this is a rare chance to own a versatile waterfront property in with built-in flexibility and long-term value.
Huge Price Drop This bayfront, income-producing multi-unit property on 75th Street in Ocean City, MD presents a rare opportunity to own a unique compound overlooking Assawoman Bay. Situated on two parcels, Tax ID #2410086868 and Tax ID #2410086841, the property includes three separate buildings offering exceptional water views from each structure and strong rental performance potential. The complex consists of one two-bedroom house, two three-bedroom units, and one four-bedroom unit, totaling twelve bedrooms and nine full bathrooms. Each unit is designed to maximize views and functionality, creating an ideal setup for vacation rentals, multi-generational use, or a private waterfront retreat. The property has been substantially improved with a new roof and new siding on two of the three buildings, raised foundations, extensive interior renovations, and the addition of a storage unit, making this a turnkey opportunity with reduced future capital needs. Unit A offers three bedrooms and two bathrooms, sleeps up to ten guests, features central air conditioning, and showcases excellent bay views. Unit B includes two bedrooms and one bathroom with wall air conditioning and baseboard heat and presents a clear value-add opportunity for future redevelopment on the existing raised foundation. Unit C features a large updated kitchen, four spacious bedrooms, three full bathrooms, central air and heat, and expansive bay views, comfortably sleeping up to twelve guests. Unit D has been nicely updated with granite countertops, large bedrooms and bathrooms, three bedrooms and three full baths, central air conditioning, excellent water views, and sleeps up to ten. All units are furnished in a coastal style and include laminate flooring, updated countertops, large flat-screen televisions, refrigerators, and microwaves. The property also features a community washer and dryer on site, an outdoor shower, on-site storage, and a large driveway with thirteen off-street parking spaces, allowing guests to park once and walk to nearby midtown shops, restaurants, and the beach. Located just blocks from the ocean with direct bay access only steps away for paddleboarding or kayaking, this property delivers both the lifestyle renters seek and the income investors value. With large decks, stunning bay sunsets, and a flexible multi-building layout, this is a rare midtown Ocean City waterfront compound offering immediate income and long-term upside. Professional photos to follow.
4 Unit building 2 bed 1 bath each with updated Tankless & Split units in 2019. Painted in 2024 & new stairs in 2021
Large price drop due to the fact that the building is not being sold with the lot next door. Just the multi family home for sale. A rare chance to own a fully updated four-unit investment property just two blocks from the beach and Boardwalk in downtown Ocean City. Located at 205 10th Street, this 2,744 sq. ft. property offers four move-in-ready units with a versatile mix of accommodations: two spacious three-bedroom, two-bath units, a large one-bedroom, one-bath unit with a full kitchen and living area, and a rear efficiency unit with a private entrance. The property has undergone significant renovations inside and out, including a completely updated front façade with three levels of decks, new vinyl railings and steps, a new roof, interior upgrades throughout, and a new kitchen in Unit 1. Each unit has its own porch and is furnished with updated appliances and coastal-inspired décor. A shared coin-operated laundry facility provides an added convenience for tenants and guests while creating an additional source of revenue. With four separate units and a highly walkable downtown location close to the beach, Boardwalk, restaurants, nightlife, shopping, and Ocean City attractions, 205 10th Street offers multiple possibilities for vacation rentals, seasonal rentals, or a combination of investment and personal use. For an investor looking for an established multi-unit property in one of Ocean City’s most desirable rental areas, this one deserves a closer look.
An Incredible Investment Opportunity in a Prime Downtown OC Location! Just steps from the ocean, the world-famous boardwalk, restaurants, and iconic Ocean City attractions, this charming property features 4 fully renovated units with a fresh, coastal-inspired design. It includes 3 spacious 3-bedroom units and 1 cozy 1-bedroom unit, each thoughtfully designed to offer a welcoming atmosphere perfect for owners and guests alike. Enjoy your balcony while watching the sunrise over the ocean. The upgrades go beyond aesthetics—new appliances throughout make this a turnkey rental property that's comfortable and enjoyable for all guests. The location can't be beat: just a short walk or bike ride to everything Ocean City has to offer, even in the busy summer months. Additional features include a garage, outdoor shower, and a shared back patio—ideal for relaxing after a day at the beach. Don't miss out on this unparalleled opportunity to own in one of Ocean City's most sought-after areas!
Ocean City is located in Maryland. Ocean City, Maryland has a population of 6,869. Ocean City is less family-centric than the surrounding county with 10.11% of the households containing married families with children. The county average for households married with children is 22.21%.
The median household income in Ocean City, Maryland is $58,563. The median household income for the surrounding county is $71,262 compared to the national median of $69,021. The median age of people living in Ocean City is 56.2 years.
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 28.2 degrees. The average rainfall is approximately 44 inches per year, with 8.3 inches of snow per year.
