1. Maryland
  2. Ocean City
  3. 205 10TH ST
$1,329,900

205 10TH ST, Ocean City, MD 21842

  • 2,744 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $485/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Two Parcels For Sale Updated Multi-Unit Property + Rare Lot Development Opportunity in Downtown OC. Located just two blocks from the beach, boardwalk, and the heart of Ocean City’s entertainment district, 205 10th Street and its adjacent buildable lot offer a unique combination of immediate rental income and long-term development potential. The fully updated 2,744 sq. ft. building includes four move-in-ready units: 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. Each unit has its own porch and is furnished with updated appliances and stylish, coastal-inspired décor, providing a relaxed and inviting experience for guests or tenants. The building has undergone significant renovations, including a full new front façade with three levels of decks, new vinyl rails and steps, a new roof, and interior upgrades throughout. A shared, coin-operated laundry facility on-site offers added convenience and generates additional revenue. What truly sets this property apart is the inclusion of one of the last remaining buildable lots in downtown Ocean City—offering a rare chance to expand with additional rental units or custom development. Whether you’re an investor seeking reliable cash flow or a developer looking to build in one of the East Coast’s most visited beach towns, this package delivers both present-day performance and future upside in a walkable, high-demand location.

Listing Status:
Active
Date Added:
August 1, 2025 at 05:00AM
Listing Office:
Berkshire Hathaway HomeServices PenFed Realty - OP : 4102083500
Listing Agent:
Spike Sands : 4432350489
MLS ID:
MDWO2032146
  • General: Additional StairwayBreakfast AreaBuilt-InsCeiling Fan(s)Combination Kitchen/DiningEntry Level BedroomFloor Plan - OpenKitchen - Eat-InUpgraded CountertopsWood Floors
  • Appliances: Built-In MicrowaveBuilt-In RangeCompactorCooktopDishwasherDisposalDryerRefrigeratorWasherWaterHeater
  • Flooring: Ceramic tileLuxury vinyl plank
  • A/C: Ductless/Mini-SplitCeiling Fan(s)Window Unit(s)
  • Heating: Wall UnitBaseboard - ElectricNatural GasElectric
  • Disability Feature: None

This listing courtesy of Spike Sands, Berkshire Hathaway HomeServices PenFed Realty - OP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Ocean City Elementary School

12828 Center Dr, Ocean City, MD, 21842

Grades PK-4

1.39 miles away

S

Stephen Decatur Middle School

9815 Seahawk Rd, Berlin, MD, 21811

Grades 7-8

5.78 miles away

S

Stephen Decatur High School

9913 Seahawk Rd, Berlin, MD, 21811

Grades 9-12

5.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.