Updated Multifamily Property For Sale

207 SAINT LOUIS Ave, Ocean City, MD 21842

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For Sale

$1,900,000

Updated multifamily property with income potential in Ocean City, MD.

Type:Commercial

HighLights

High Income Potential: Generates over $150,000 annually.
Multiple Rental Units: Featuring a main building with ten bedrooms and a rear building with two units.
On‑Site Laundry: Includes a dedicated laundry room.
Fully Rented: Units have been consistently rented each season.
Recent Updates: Newer flooring, kitchens, bathrooms, siding, and exterior updates.
Security Features: Equipped with security features for tenant safety.

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Listing Contact

Peck Miller

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For Sale

$1,900,000

Updated multifamily property with income potential in Ocean City, MD.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 4:24 pm

Property Features for 207 SAINT LOUIS Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1940

We can help!

Listing Contact

Peck Miller

Listing agent Peck Miller License #524045

Listing office

Listing date Apr 24, 2026

Source Elliman

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All listing content including descriptions, pricing, images are the copyrighted material of Peck Miller

HighLights

High Income Potential: Generates over $150,000 annually.
Multiple Rental Units: Featuring a main building with ten bedrooms and a rear building with two units.
On‑Site Laundry: Includes a dedicated laundry room.
Fully Rented: Units have been consistently rented each season.
Recent Updates: Newer flooring, kitchens, bathrooms, siding, and exterior updates.
Security Features: Equipped with security features for tenant safety.

Overview

This updated property at 207 Saint Louis Avenue in Ocean City, MD, presents an investment opportunity. It comprises two buildings: a main building with ten bedrooms and a rear building containing two additional units and an on-site laundry room. The property has been fully rented each season, generating just over $150,000 in annual income based on the current rental schedule, with potential for increased revenue. Updates include newer flooring, kitchens, bathrooms, and security features, as well as siding and exterior enhancements that improve the property's curb appeal. The location has a bike score of 68, indicating it is bikeable, and a walk score of 61, meaning it is somewhat walkable.

Location Intelligence

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Apartment buildings

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Local Demand

City: Ocean City
County: Worcester
State: Maryland
Longitude: -75.0874189
Latitude: 38.3349292

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For sale
Apartment buildings
MD
Ocean City
21842
207 SAINT LOUIS Ave

What type of property is this?

Apartment building - Updated multifamily property with income potential in Ocean City, MD.

Where is this apartment building located?

The property is located at 207 SAINT LOUIS Ave Ocean City, MD.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: High Income Potential: Generates over $150,000 annually.; Multiple Rental Units: Featuring a main building with ten bedrooms and a rear building with two units.; On‑Site Laundry: Includes a dedicated laundry room.