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Ocean City, MD 21842,205 10TH ST
Ocean City, MD 21842,205 10TH ST
Ocean City, MD 21842,205 10TH ST
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$2,650,000
Est. payment /mo
18 Beds
12 Baths
6,344 SqFt
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UPDATED:

10/16/2024 12:36 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,344 sqft

Price per Sqft $417

Subdivision None Available

MLS Listing ID MDWO2026102

Style Coastal

Bedrooms 18

Full Baths 12

HOA Y/N N

Abv Grd Liv Area 6,344

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $6,743

Tax Year 2024

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 0.00 x 0.00

Property Description

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 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.

Location

State MD

County Worcester

Area Bayside Interior (83)

Zoning R-2

Rooms

Main Level Bedrooms 18

Interior

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

Hot Water Electric, Natural Gas

Heating Wall Unit, Baseboard - Electric

Cooling Ductless/Mini-Split, Ceiling Fan(s), Window Unit(s)

Flooring Ceramic Tile, Luxury Vinyl Plank

Inclusions Sold AS IS

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

Furnishings Yes

Fireplace N

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

Heat Source Natural Gas, Electric

Laundry Shared

Exterior

Exterior Feature Balconies- Multiple, Deck(s)

Garage Spaces 10.0

Utilities Available Natural Gas Available, Cable TV Available, Phone Available

Water Access N

View City, Street

Roof Type Architectural Shingle

Accessibility None

Porch Balconies- Multiple, Deck(s)

Total Parking Spaces 10

Garage N

Building

Lot Description Cleared, Corner, Level, Premium, Road Frontage

Story 5

Foundation Crawl Space, Block

Sewer Public Sewer

Water Public

Architectural Style Coastal

Level or Stories 5

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

Elementary Schools Ocean City

Middle Schools Stephen Decatur

High Schools Stephen Decatur

School District Worcester County Public Schools

Others

Senior Community No

Tax ID 2410035104

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by Spike Sands • Berkshire Hathaway HomeServices PenFed Realty - OP

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Nathan Labish

+1(771) 999-4747

Real Estate Agent | License ID: 0225271116

Real Estate Agent License ID: 0225271116

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