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    12024 Ocean Gtwy, Unit 20 Ocean City, MD 21842

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    For Sale
    $149,000

    Two-bedroom, two-bath residence near beaches, shopping, and dining.

    Building Details

    Year built
    1986

    Source: Long & Foster Real Estate, Inc. Agent Imad Elali

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Ocean City Two-Bedroom Residence

    This two-bedroom residence features two full baths and is located in West Ocean City. The property includes newer appliances and heated bathroom floors in the master bathroom. A monthly fee of $104 covers septic, water, trash, and park maintenance. The location provides convenient access to Ocean City and Assateague State Park beaches, a marina, shopping centers, restaurants, and historic downtown Berlin.
    Insight Report Location Intelligence

    Current Use by Public Records

    Fowler Construction Inc Construction Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Worcester
    State
    Maryland
    Longitude
    -75.1380917
    Latitude
    38.3371691

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    FAQs

    What type of property is this?
    Multifamily property - Two-bedroom, two-bath residence near beaches, shopping, and dining.
    Where is this multifamily property located?
    The property is located at 12024 Ocean Gtwy, Unit 20 Ocean City, MD.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: - Low monthly fee of just $104 covers septic, water, trash, and park maintenance.; - Features two bedrooms and two full bathrooms.; - Close proximity to Ocean City and Assateague State Park beaches.
    (410) 603-9801
    Request Owner's contact information
    12024 Ocean Gtwy, Unit 20 Ocean City, MD 21842
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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
    12024 Ocean Gtwy, Unit 20 Ocean City, MD 21842
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