205 10TH STREET, OCEAN CITY, MD 21842
WORCESTER County
Key Facts
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. Update 1/21/26: New Kitchen being installed in Unit 5. 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. 980,000 for the house and 350,000 for the lot
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Structure Type
House
Year Built
1950
Living Area
2,744 sq ft
Lot Size
0.31 acres
Lot Dimensions
0.00 x 0.00
Zoning
R-2
Days on Market
342
MLS® Listing#
MDWO2032146
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Patio
Lot Features
Construction
Foundation
Roof
Security
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- OCEAN CITY
- Middle:
- STEPHEN DECATUR
- High:
- STEPHEN DECATUR
- District:
- WORCESTER COUNTY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$6,743
Tax year 2024
Assessed Value
$481,800
Parcel Number
2410035104
Directions
From Coastal Highway heading south make a right on 10th St. Lot and 1oth st building on your left. 9th St building end of the road and make a left.
Affordability Calculator
$265,980
Estimated monthly payment
$7,078/mo
Principal $1,063,920 · Est. interest $1,484,263 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in OCEAN CITY, MD
- $469,072
- Median Listing Price
- 77
- Median Days on Market
- 1,260
- Median Sq Ft
- $381
- Median Price / Sq Ft
- 766
- Active Listings
- This home’s price is 184% above the area median.
- Its price per sq ft is 27% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in OCEAN CITY, MD.
Location
Points of Interest in OCEAN CITY, MD
Showing the OCEAN CITY area map.
Nearby Schools
Ocean City Elementary School
Elementary · 1.4 mi away
Stephen Decatur Middle School
Secondary · 5.8 mi away
Stephen Decatur High School
Secondary · 5.8 mi away
Most Blessed Sacrament Catholic School
Elementary · 6.6 mi away
Little Bears & Sunflowers
School · 6.7 mi away
Showell Elementary School
Elementary · 6.8 mi away
Berlin Head Start
School · 6.9 mi away
Berlin Intermediate School
Secondary · 7.0 mi away
Carmellas Kids
Elementary · 7.6 mi away
Buckingham Elementary School
Elementary · 7.7 mi away
Selbyville Middle School
Secondary · 10.8 mi away
Phillip C Showell Elementary School
Elementary · 11.0 mi away
Indian River School District
School · 11.4 mi away
Southern Delaware School of the Arts
Elementary · 11.4 mi away
Lord Baltimore Elementary School
Elementary · 14.1 mi away
Indian River School District
Secondary · 14.5 mi away
Carver G W Educational Center
School · 14.5 mi away
Willards Elementary
Elementary · 15.3 mi away
Champions at Willards Elementary School
Elementary · 15.3 mi away
Clayton (John M.) Elementary School
Elementary · 15.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10144 BRACKEN DRIVE, ELLICOTT CITY, MD | $949,500 | 6 | 4 | 4,544 |
| 4874 AVOCA AVENUE, ELLICOTT CITY, MD | $949,900 | 6 | 4 | 3,542 |
| 2701 JUDLEE AVENUE, OCEAN CITY, MD | $975,000 | 8 | 4 | 2,784 |
| 2701 JUDLEE AVENUE, OCEAN CITY, MD | $975,000 | 8 | — | 2,784 |
| 4224 PURPLE TWILIGHT WAY, ELLICOTT CITY, MD | $1,100,000 | 6 | 4 | 5,026 |
| 8580 SUNELL LANE, ELLICOTT CITY, MD | $1,299,000 | 6 | 7 | 4,241 |
Moving Cost Estimate
EXIT Agents in OCEAN CITY
Listing Courtesy: Berkshire Hathaway HomeServices PenFed Realty - OP - 4102083500