112 / 114 75TH St, Ocean City, MD 21842

This bayfront, income-producing multi-unit property on 75th Street in Ocean City, MD, presents an opportunity to own a compound overlooking Assawoman Bay. Situated on two parcels, the property includes three separate buildings offering water views from each structure and 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 and presents a value-add opportunity for future redevelopment on the existing raised foundation. 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 only steps away for paddleboarding or kayaking, this property delivers both the lifestyle renters seek and the income investors value. With large decks and bay sunsets, this is a midtown Ocean City waterfront compound offering immediate income and long-term upside.