205 10TH STREET, OCEAN CITY, MD 21842

$2,650,000

Unique multi-family investment opportunity with endless potential! Three parcels in the heart of Ocean City are being offered together or separately, featuring two multi-family buildings and one of the last remaining buildable lots in downtown OC. These properties generate $200,000+ in annual rental income and offer excellent upside potential. With… Read More the addition of another multi-family building, even more income. 904 St. Louis Ave is a 3,600 sq. ft. building with four units - two 3-bedroom, 2-bath units and two 2-bedroom, 1-bath units. Each unit is updated, fully furnished, and ready to rent, featuring open-concept living areas, solid surface flooring, and private entrances. Large decks provide ample outdoor space, perfect for relaxing after a day at the beach. This building also has 10 parking spots shared with the neighboring 10th Street building (also for sale), making it easy for guests to park and access their units. 205 10th St is a 2,744 sq. ft. building offering four unique units - two 3-bedroom, 2-bath units, one large 1-bedroom, 1-bath unit with a full kitchen and living area, and a rear efficiency unit. All units are move-in ready and fully furnished with updated appliances, furniture, and separate entrances. Each unit also has its own porch - perfect for enjoying the coastal lifestyle. The building features a shared coin-operated laundry facility, adding convenience for tenants and an additional revenue stream for owners. 10th St Lot: A rare find in Ocean City, this last remaining buildable lot is ideal for developers or investors looking to expand. Build your dream property or create additional rental units to increase your revenue potential in this sought-after downtown location. Both buildings have undergone significant renovations. 904 St Louis has a new electric service, roof, mini-split HVAC systems (inside and out), appliances, and Ashley sleeper sofas which have been professionally cleaned at the end of every season. New deck stairs and vinyl railings. 10th St has a new full front facade including three level decks, vinyl rails and steps as well as a new roof. Perfectly situated just a short walk from the beach, boardwalk, and downtown attractions, these properties are an ideal investment for vacation rentals. The sale includes a strong digital marketing presence with an established rental website, Instagram, Facebook, and even a custom Snapchat filter - everything you need to continue generating buzz and bookings from day one. Keep in mind these properties are not rented during senior week or at all during the winter months or the big weekend events in the offseason Don't miss out on this unique opportunity to own a slice of Ocean City's thriving rental market. Priced to sell and move quickly! Call the listing agent today for more information. Read Less

Courtesy of Spike Sands, Berkshire Hathaway HomeServices PenFed Realty - OP [email protected]

Listing Snapshot

Days Online

113

Last Updated

Jan 31, 2025

Property Type

Single Family Residential

Beds

Full Baths

Square Ft.

6,344

Lot Size

0.31 Acres

Year Built

1950

MLS Number

MDWO2026102

30 Days Snapshot Of 21842

$574k

-2%

(avg) sold price

-48%

homes sold

-18%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Built-In Microwave, Built-In Range, Compactor, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Water Heater

Building

6,344 sqft living area, 6,344 sqft above grade (finished), Built in 1950, Major renovation in 2022, Structure Type: Detached, Wall & Ceiling Types: Dry Wall, 5 levels, Coastal, Frame

Cooling

Natural Gas, Electric, Ductless/Mini-Split, Ceiling Fan(s), Window Unit(s)

Exterior Features

Exterior Lighting, Fire Escape, Play Area, Sidewalks, Street Lights

Floors

Ceramic Tile, Luxury Vinyl Plank

Foundation

Crawl Space, Block

Heating

Natural Gas, Electric, Wall Unit, Baseboard - Electric

Interior Features

Additional Stairway, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Upgraded Countertops, Wood Floors

Laundry

Shared

Lot

13,519 sqft, Lot Size Dimensions: 0.00 x 0.00, 0.31 acres, Cleared, Corner, Level, Premium, Road Frontage

Parking

Crushed Stone, Fenced, Free, Lighted Parking, Private

Property

Other Structures: Above Grade, Below Grade, Outdoor Living Structures: Balconies- Multiple, Deck(s), View: City, Street

Roof

Architectural Shingle

Sewer

Public Sewer

Taxes

City/Town Tax: $2,132, City/Town Tax Pymnt Freq: Annually, County Tax: $4,071, County Tax Pymnt Freq: Annually, Tax Annual Amount: $6,743, Tax Year: 2024

Utilities

Electric Service: Circuit Breakers, Hot Water: Electric, Natural Gas, Natural Gas Available, Cable TV Available, Phone Available

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