Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    15 57Th St Ocean City, MD 21842

    New
    For Sale
    $1,395,000

    MULTI_FAMILY - Other - OCEAN CITY, MD

    Property size:
    2,560 SF
    Lot size:
    0.14 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 15 57Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Off Street
    Size
    2,560 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1965
    Number of units
    4
    Building materials
    Advanced Framing
    Architectural style
    Other

    Keller Williams Realty (302) 228-5143 [email protected]

    Listing agent Zackary Keenan (302) 360-0300

    Listing date Dec 1, 2025

    MLS# MDWO2035116 Listing URL

    Copyright © 2025 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.

    Overview

    Furnished Multifamily Investment Opportunity

    This multifamily property presents an investment opportunity with four fully furnished units ready for rental. Situated in a mid-town location, it is within walking distance of Ocean City's nightlife, including Fager's Island, Seacrets, Macky's, and Taphouse. The property is located in a highly demanded midtown corridor, ocean block with a large open lot in the rear for parking. Bus stops are conveniently located out front on Coastal Highway, and free parking is available. All items, including the roof, HVAC, and full interior of all units, have been renovated, and newer appliances have been installed within the last 5 years. Located 100 yards from the sandy beaches, the property allows for safe beach access without crossing Coastal Highway. The 2,560 square foot building sits on a 0.14-acre lot. The property can be utilized for both short-term and long-term rentals in both winter and summer. The current owners have chosen to rent only in the summer. The property is located at 15 57TH Street, OCEAN CITY, MD 21842.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Blue Turtle Vacation Home Rental Agency

    Suggested Use

    Spa & Massage Dental Office Law Firm Restaurant Nail Salon Building Supply Clothing Store Gym & Fitness Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.06714
    Latitude
    38.38072

    Nearby Similar for Sale

    • $1,249,900
      3,600 SF

      Renovated Multifamily Property Near Boardwalk

      Income-generating, fully renovated multifamily property steps from Ocean City's boardwalk.
      904 Saint Louis Ave, Ocean City, MD 21842
      View Details
    • $179,000

      Professional Office Space in Ocean

      Move-in ready office space in West Ocean City location.
      9748 Stephen Decatur Hwy, Ocean City, MD 21842
      View Details
    • $1,500,000
      3,494 SF

      Ocean City Multifamily Investment Property

      Two buildings with three units near bay and ocean.
      802 Saint Louis Ave, Ocean City, MD 21842
      View Details
    • $574,000

      Upgraded Coastal Home with Boat Slip

      Furnished 3-bedroom home with boat slip, near beach and bay.
      106 69Th St, Ocean City, MD 21842
      View Details
    • $829,999

      Bayfront Condo with Stunning Views

      Spacious 3BR condo with bay views, pool, and beach access.
      124 75Th St, Ocean City, MD 21842
      View Details
    • $265,000
      548 SF

      Renovated Condo with Bay Views

      Completely renovated condo with sunset views, steps from the beach.
      203 33Rd St, Ocean City, MD 21842
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four fully furnished units near Ocean City's nightlife and beach.
    Where is this quadplex located?
    The property is located at 15 57Th St Ocean City, MD.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Four fully furnished, ready-to-rent units provide an immediate investment opportunity.; - Ocean block location with a large open lot for parking and no Coastal Highway crossing to reach the beach (100 yards away).; - Prime midtown location within walking distance of popular nightlife destinations.
    (302) 360-0300
    Request Owner's contact information
    15 57Th 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.
    15 57Th 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 Estimation

    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.

    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.

    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
    15 57Th 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.