Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    112 75Th St Ocean City, MD 21842

    View on Map
    Sponsored
    For Sale
    $1,699,900

    MULTI_FAMILY - Other - OCEAN CITY, MD

    Property size:
    4,048 SF
    Lot size:
    0.30 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 29 at 2:06 pm

    Property Features for 112 75Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Family Room, Dining 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
    Size
    4,048 SF
    Lot size
    0.30 Acres

    Utilities

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

    Building Details

    Year built
    1985
    Number of units
    3
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Spike Sands
    Spike Sands

    Berkshire Hathaway HomeServices Penfed Realty

    Listing agent Spike Sands License #637504

    Listing date Mar 27, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Bayfront Multi-Unit Income Property

    This bayfront, income-producing multi-unit property on 75th Street in Ocean City, MD, offers a unique compound overlooking Assawoman Bay. Situated on two parcels, the property includes three separate buildings with water views and strong rental performance potential. The complex consists of one two-bedroom house, two three-bedroom units, and one four-bedroom unit, totaling twelve bedrooms and nine full bathrooms. Each unit is designed to maximize views and functionality, creating an ideal setup for vacation rentals, multi-generational use, or a private waterfront retreat. The property has been substantially improved with a new roof and new siding on two of the three buildings, raised foundations, extensive interior renovations, and the addition of a storage unit. Unit A offers three bedrooms and two bathrooms, sleeps up to ten guests, features central air conditioning, and showcases bay views. Unit B includes two bedrooms and one bathroom with wall air conditioning and baseboard heat. Unit C features a large updated kitchen, four spacious bedrooms, three full bathrooms, central air and heat, and expansive bay views, comfortably sleeping up to twelve guests. Unit D has been updated with granite countertops, large bedrooms and bathrooms, three bedrooms and three full baths, central air conditioning, and water views, and sleeps up to ten. All units are furnished in a coastal style and include laminate flooring, updated countertops, large flat-screen televisions, refrigerators, and microwaves. The property also features a community washer and dryer on site, an outdoor shower, on-site storage, and a large driveway with thirteen off-street parking spaces. Located just blocks from the ocean with direct bay access, this property delivers both the lifestyle renters seek and the income investors value. The property size is 4048 square feet and the lot size is 0.2984 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Law Firm Hair Salon Real Estate Agency Nail Salon Gym & Fitness Center Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.06447
    Latitude
    38.39596

    Nearby Similar for Sale

    • $1,349,000
      2,560 SF

      Furnished Multifamily Investment Opportunity

      Four fully furnished units near Ocean City's nightlife and beach.
      15 57Th St, Ocean City, MD 21842
      View Details
    • New
      $59,900

      Seaside Village Boat Slip

      Prime boat slip in West Ocean City's Seaside Village.
      87 Seaside Vlg, Ocean City, MD 21842
      View Details
    • $465,000

      Iconic Restaurant Opportunity

      Successful restaurant business for sale in downtown location.
      1511 Philadelphia Ave, Ocean City, MD 21842
      View Details
    • $3,500,000

      West Ocean City Hospitality Opportunity

      West Ocean City resort with restaurant and redevelopment potential.
      12614 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • $400,000

      West Ocean City Retail/Office Shop

      Retail or office shop for sale in West Ocean City.
      9927 Stephen Decatur Hwy, Ocean City, MD 21842
      View Details
    • $1,399,000

      Ocean City Boardwalk Retail Space

      Prime commercial space on the Ocean City Boardwalk.
      107 Atlantic Ave, Ocean City, MD 21842
      View Details
    • $3,500,000
      11,133 SF

      West Ocean City Resort Opportunity

      Resort with restaurant, cottages, pool, and redevelopment potential.
      12614 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • $3,500,000

      West Ocean City Resort Opportunity

      Resort with restaurant, cottages, and redevelopment potential in Ocean City.
      12614 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • $1,990,000

      West Ocean City Medical/Office Building

      3,864 SF medical/office building on 1.21 acres for sale.
      12385 Ocean Gtwy, Ocean City, MD 21842
      View Details
    • $1,500,000

      12905 HARBOR Rd, Ocean City, MD 21842

      Warehouses
      12905 Harbor Rd, Ocean City, MD 21842
      View Details
    • $3,500,000

      Turn-Key Ocean City Motel

      25-room motel near beach, boardwalk, dining, and entertainment.
      1705 N Baltimore Ave, Ocean City, MD 21842
      View Details
    • $1,990,000

      West Ocean City Medical/Office Building

      3,864 SF medical/office building on 1.21 acres for sale.
      12385 Ocean Gtwy, Ocean City, MD 21842
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Income-producing multi-unit property with bay views and strong rental potential.
    Where is this multifamily property located?
    The property is located at 112 75Th St Ocean City, MD.
    What is the asking price?
    The asking price for this property is $1,699,900.
    What are key features of this property?
    This property features: - Bayfront, income-producing multi-unit property with strong rental performance potential.; - Four separate units totaling 12 bedrooms and 9 full bathrooms. Features one 2-bedroom house, two 3-bedroom units, and one 4-bedroom unit.; - Substantially improved with **new roof, new siding on two buildings, raised foundations, extensive interior renovations, and added storage unit.**
    (443) 235-0489
    Request Owner's contact information
    112 75Th St Ocean City, MD 21842
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    112 75Th St
    Ocean City, MD 21842
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112 75Th St Ocean City, MD 21842
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Spike Sands
    Spike Sands
    Real Estate License ID: 637504
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!