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Three-Unit Multifamily Property
For Sale
$1,599,000

12 44TH Street, Ocean City, MD 21842

Multi-Family, OCEAN CITY, MD

Property Size3,213 SF
Lot Size0.07 Acres
Price / SF$497.67
Days on Market11

Property Features for 12 44TH Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Parking 9
Parking features Off Street, On Street, Driveway
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 3,213 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Annual Amount 9901

Utilities

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

Amenities

deck
in-unit laundry

Building Details

Year built 2000
Number of units 2
Building materials Concrete, Masonry
Buildings 2
Listing Agency: Atlantic Shores Sotheby's International Realty
Listed By: Ryan Haley · License #580256
Added: Oct 16 Changed: Oct 23 Last Checked: Oct 26 at 4:06PM
MLS# MDWO2041984

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.

Rey
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Investment Insights

Based on property information with market context.

The 3,213-square-foot property contains two duplex residences, each with three bedrooms, two full bathrooms, and a half bath, plus a one-bedroom apartment above a detached four-car garage. The duplex homes have open living areas, kitchens, front decks, and in-unit laundry closets. Built in 2000, the property has concrete and masonry construction, heat-pump heating, and central air conditioning.

The Ocean City property is described as oceanblock and steps from the beach. Parking includes a driveway, covered spaces beneath the duplex, and the detached garage. Units A and B are deeded separately and are offered together. The parcel measures 0.0689 acres.

Key Highlights

  • Two duplex residences, each with 3 bedrooms, 2 full baths, and a half bath
  • Separate 1‑bedroom apartment above a detached 4‑car garage
  • 3,213 square feet on 0.0689 acres

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

346
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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - A detached garage and covered parking complement three separate residences.
Where is this multifamily property located?
The property is located at 12 44TH Street Ocean City, MD.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two duplex residences, each with 3 bedrooms, 2 full baths, and a half bath; Separate 1‑bedroom apartment above a detached 4‑car garage; 3,213 square feet on 0.0689 acres
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