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    205 10Th St Ocean City, MD 21842

    For Sale
    $1,329,900

    MULTI_FAMILY - Other - OCEAN CITY, MD

    Property size:
    2,744 SF
    Lot size:
    0.31 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 205 10Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room
    Parking features
    Parking Lot, On Street, Fenced
    Interior features
    Additional Stairway, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Upgraded Countertops, Wood Floors
    Appliances
    Built-In Microwave, Built-In Range, Compactor, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer, WaterHeater
    Size
    2,744 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Electric (Heating), Other (Heating), Baseboard
    Cooling system
    Ceiling Fan(s), Window Unit(s), Ductless

    Building Details

    Year built
    1950
    Number of units
    4
    Building materials
    Frame
    Architectural style
    Other

    Berkshire Hathaway HomeServices Penfed Realty (866) 225-5778 [email protected]

    Listing agent Spike Sands (410) 208-3500 License #637504

    Listing date Sep 30, 2025

    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

    Updated Multi-Unit Property with Buildable Lot

    Located two blocks from the beach and boardwalk in Ocean City's entertainment district, this property includes an updated multi-unit building and an adjacent buildable lot. The 2,744 sq. ft. building features four move-in-ready units: two three-bedroom, two-bath units, a one-bedroom, one-bath unit with a full kitchen and living area, and a rear efficiency unit with a private entrance. Each unit includes a porch and coastal-inspired decor. Renovations include a new front facade with three levels of decks, new vinyl rails and steps, a new roof, and interior upgrades. A shared, coin-operated laundry facility is located on-site. The property includes one of the last remaining buildable lots in downtown Ocean City, presenting an opportunity for expansion with additional rental units or custom development. The property is suitable for investors seeking cash flow or developers looking to build in a walkable, high-demand location. The lot size is 0.31 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.08296
    Latitude
    38.34116

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    FAQs

    What type of property is this?
    Apartment building - Updated multi-unit property with development opportunity near Ocean City's beach.
    Where is this apartment building located?
    The property is located at 205 10Th St Ocean City, MD.
    What is the asking price?
    The asking price for this property is $1,329,900.
    What are key features of this property?
    This property features: - Rare Development Opportunity: Includes a buildable lot in downtown Ocean City.; - Prime Location: Situated just two blocks from the beach, boardwalk, and entertainment district.; - Updated Multi-Unit Property: Features four move-in-ready units with private porches.
    (410) 208-3500
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    Ocean City, MD 21842
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    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
    205 10Th St Ocean City, MD 21842
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