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Bayfront Multifamily Compound
For Sale
$1,409,900

112 / 114-A 75TH Street, Ocean City, MD 21842

Multi-Family, OCEAN CITY, MD

Property Size4,048 SF
Lot Size0.30 Acres
Price / SF$348.30
Days on Market172

Property Features for 112 / 114-A 75TH Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Dining Room, Family Room
Parking 13
Parking features Driveway, On Street
Interior features Additional Stairway, Attic, Bathroom - Walk-In Shower, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Kitchen - Table Space, Primary Bedroom - Bay Front, Recessed Lighting, Upgraded Countertops
Appliances Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, WaterHeater
Elementary school OCEAN CITY
Middle school STEPHEN DECATUR
High school STEPHEN DECATUR
Elementary school district WORCESTER COUNTY PUBLIC SCHOOLS
Middle school district WORCESTER COUNTY PUBLIC SCHOOLS
High school district WORCESTER COUNTY PUBLIC SCHOOLS
Standard status Active
Size 4,048 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Annual Amount 8900

Utilities

Heating system Heat Pump (Heating)
Cooling system Central Air
Water front features Waterfront
Water front 1

Amenities

community washer and dryer
outdoor shower
on-site storage
decks
central air conditioning

Building Details

Year built 1985
Number of units 3
Building materials Frame
Architectural style Other
Listing Agency: Berkshire Hathaway HomeServices PenFed Realty - OP
Listed By: Spike Sands · License #637504
Added: Mar 27 Changed: Sep 13 Last Checked: Sep 14 at 5:06AM
MLS# MDWO2035604

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This bayfront multifamily property at 112 / 114-A 75TH Street comprises three buildings on two parcels, with 4,048 square feet of improvements on 0.2984 acres. The configuration includes a two-bedroom house, two three-bedroom units, and one four-bedroom unit, totaling 12 bedrooms and nine full bathrooms. All four units are furnished and feature laminate flooring, updated countertops, refrigerators, microwaves, and flat-screen televisions. Interior improvements include updated kitchens, central or wall air conditioning, baseboard heat in one unit, and a combination of renovated living and dining areas.

The property overlooks Assawoman Bay and includes large decks, direct waterfront access, an outdoor shower, shared laundry, storage, and a driveway with 13 off-street parking spaces. The ocean is just blocks away, with midtown shops, restaurants, and the beach within walking distance. Built in 1985, the compound has a new roof, new siding on two buildings, raised foundations, and extensive interior renovations.

Key Highlights

  • Bayfront compound on 0.2984 acres overlooking Assawoman Bay
  • Three buildings on two parcels with 4,048 square feet of improvements
  • Four units totaling 12 bedrooms and nine full bathrooms

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Electrical Service Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Grocery & Convenience Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

409
Businesses Nearby

Demographics for 21842, MD

11,104
Population
32,684
Households
0.3
Avg Household Size
53
Median Age
39%
College-Educated
95%
High-School Grad
9.2 sq mi
ZIP Area
1,207
Density / Sq Mi
$75,372
Median Household Income
$40,189
Median Earnings
$1,258
Median Rent
$415,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four furnished units across three buildings provide water views, off-street parking, and direct access to Assawoman Bay.
Where is this multifamily property located?
The property is located at 112 / 114-A 75TH Street Ocean City, MD.
What is the asking price?
The asking price for this property is $1,409,900.
What are key features of this property?
This property features: Bayfront compound on 0.2984 acres overlooking Assawoman Bay; Three buildings on two parcels with 4,048 square feet of improvements; Four units totaling 12 bedrooms and nine full bathrooms
More about this property
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