Updated Multifamily Property For
For Sale
$1,800,000
207 SAINT LOUIS Ave, Ocean City, MD 21842
Updated multifamily property with income potential in Ocean City, MD.
Days on Market100
Property Features for 207 SAINT LOUIS Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
(443) 880-2341
Listed By:
Peck Miller · License #524045
(443) 880-2341
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 4:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peck Miller
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 $1,800,000.
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.
