205 10th Street
Ocean City, MD 21842
$2,650,000
Price
18
Beds
12
Baths
6,344 Sq. Ft.
$418 / Sq. Ft.
6,344
Sq. Ft.
$418
per Sq. Ft.
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...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.
904 St. Louis Ave is a 3,600 sq. ft. building with four units—two 3-bedroom, 2-bath units...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.
- Listed by Spike Sands • Berkshire Hathaway HomeServices PenFed Realty - OPP: (443)-235-0489 spikesands@gmail.com
Property Details for 205 10th Street
Tax ID Number
2410035104
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeDetached
StyleCoastal
Levels/Stories5
FurnishedYes
LISTING UPDATED: 10/15/2024 08:36 PM
Property Details for 205 10th Street
| Status | Active |
|---|---|
| MLS # | MDWO2026102 |
| Days on Market | 40 |
| Taxes | $6,743 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Fee Simple |
| Year Built | 1950 |
| Lot Size | 0.31 AC / 13,519 SF |
| County | Worcester County |
Building Information for 205 10th Street
Stories5Year Built1950Building Size-Lot Size0.31 AC / 13,519 SF
Property Information for 205 10th Street
Location
Location
- In City Limits: Yes
- Transportation: Bus Stop less than 1 mile
- School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
- School District County ID: 121138066543
- SchoolDistrictSource: Listing Agent
- Elementary School: OCEAN CITY (WORCESTER MD)
- ElementarySchoolSource: Listing Agent
- Middle Or Junior School: STEPHEN DECATUR (WORCESTER MD)
- MiddleSchoolSource: Listing Agent
- High School: STEPHEN DECATUR (WORCESTER MD)
- HighSchoolSource: Listing Agent
- County: WORCESTER
- MLS Area: Bayside Interior (83)
- OC Cross Street: 10
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Property Manager Y/N: Yes
- Senior Community: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2024
- Tax Assessed Value: $481,800
- Year Assessed: 2024
- County Tax: $4,071
- Improvement Assessed Value: $0
- City Town Tax: $2,132
- Land Assessed Value: $0
- Clean Green Assessed: No
- Land Use Code: R
- Zoning: R-2
- Tax Lot: 11
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Rooms
Main
- # Bedrooms Count Main Level: 18
- # Bathrooms Count Main Level: 12
- # Bathrooms Full Main Level: 12
Rooms
- Stories: Main
Building Info
Building Info
- Year Major Reno Remodel: 2022
- Total Finished SQFT: 6,344.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: 2,744.00
- Total SQFT: 6,344.00
- Total SQFT Source: Estimated
- Construction Materials: Frame
- Roof: Architectural Shingle
- Wall and Ceiling Types: Dry Wall
- Flooring Type: Ceramic Tile, Luxury Vinyl Plank
- Foundation Details: Crawl Space, Block
- Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bedrooms-Main Level-4, Bedrooms-Main Level-5, Bedrooms-Main Level-6, Bedrooms-Main Level-7, Bedrooms-Main Level-8, Bedrooms-Main Level-9, Bedrooms-Main Level-10, Bedrooms-Main Level-11, Bedrooms-Main Level-12, Bedrooms-Main Level-13, Bedrooms-Main Level-14, Bedrooms-Main Level-15, Bedrooms-Main Level-16, Bedrooms-Main Level-17, Bedrooms-Main Level-18, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bathrooms Full-Main Level-3, Bathrooms Full-Main Level-4, Bathrooms Full-Main Level-5, Bathrooms Full-Main Level-6, Bathrooms Full-Main Level-7, Bathrooms Full-Main Level-8, Bathrooms Full-Main Level-9, Bathrooms Full-Main Level-10, Bathrooms Full-Main Level-11, Bathrooms Full-Main Level-12
- # Bathrooms Full: 12
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Estimated
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Lot Features: Cleared, Corner, Level, Premium, Road Frontage
- Location Type: Bayblock
- Parcel ID: 5400014
Parking
Parking
- Type Of Parking: On Street, Parking Lot
- Parking Lot - # of Spaces: 10
- Parking Features: Crushed Stone, Fenced, Free, Lighted Parking, Private
Interior Features
Interior Features
- 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
- Fireplace: No
- Appliances: Built-In Microwave, Built-In Range, Compactor, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Water Heater
- Accessibility Features: None
- Laundry Type: Shared
Exterior Features
Exterior Features
- Exterior Features: Exterior Lighting, Fire Escape, Play Area, Sidewalks, Street Lights
- Outdoor Living Structures: Balconies- Multiple, Deck(s)
- Pool: No Pool
Utilities
Utilities
- Utilities: Natural Gas Available, Cable TV Available, Phone Available
- Heating: Yes
- Cooling Type: Ductless/Mini-Split, Ceiling Fan(s), Window Unit(s)
- Cooling Fuel: Natural Gas, Electric
- Heating Type: Wall Unit, Baseboard - Electric
- Heating Fuel: Natural Gas, Electric
- Hot Water: Electric, Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: Circuit Breakers
- Internet Services: Cable
Confidential Data
Listing Office
- List Agent AOR: Coastal Association of REALTORS (MD)
- List Agent URL: www.ocmdrealtor.com
Property History for 205 10th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 205 10th Street
Taxable ValueLand-Additions-Total-
Tax Record2023$5,762 ($480 / month)
Home Facts
Beds0Baths3.5Total Finished SqFt2,744 SqFtAbove Grade Finished SqFt2,744 SqFtStories3Lot Size2,447 SqFtStyleSingle Family ResidenceYear Built1950ZoningR-2CountyWORCESTERAPN10-035104
Schools near 205 10th Street
This home is within Worcester County Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Ocean City Elementary School PublicPK to 4 | ||
Berlin Intermediate School Public5 to 6 | ||
Stephen Decatur Middle School Public7 to 8 | ||
Stephen Decatur High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Ocean City
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Berkshire Hathaway HomeServices PenFed Realty - OP
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 10/15/2024 08:36 PM