Renovated Apartment Buildings Near
For Sale
$2,790,000
1308 PHILADELPHIA AVENUE, Ocean City, MD 21842
Eight two-bedroom units accompany a larger building with dedicated office space.
Property SizeContact for details
Days on Market216
Property Features for 1308 PHILADELPHIA AVENUE
General Information
Standard status
Active
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR/1BA, 1 x 4BR/2.5BA
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$18,181
Amenities
open picnic area
3
Laminate
Flat
Parking.
Lot, Driveway.
0.00 x 0.00
Landscaped. Downtown, Asphalt, Paved Road, Clear lot.
Building Details
Year Built
1969
Stories
2
Listing Agency:
Coldwell Banker Bud Church Realty,Inc.
(410) 524-7888
Listed By:
Ken Church · License #305250
(410) 524-7888
Source:
Xome
Added: Jan 17
Changed: Aug 18
Last Checked: Aug 21 at 4:58AM
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 Coldwell Banker Bud Church Realty,Inc.
Investment Insights
Based on property information with market context.
This apartment property includes eight two-bedroom, one-bathroom units and a separate building configured with four bedrooms, two and a half bathrooms, and dedicated office space. The buildings have received extensive renovations over the last several years. Interior finishes include laminate flooring, while the grounds feature landscaping, paved surfaces, and on-site parking.
The property is in Ocean City, Maryland, just off the city’s boardwalk. Outdoor amenities include an open picnic area suited to barbecues and group gatherings. The asset was built in 1969 and is served by an asphalt paved road.
The property is in Ocean City, Maryland, just off the city’s boardwalk. Outdoor amenities include an open picnic area suited to barbecues and group gatherings. The asset was built in 1969 and is served by an asphalt paved road.
Key Highlights
- Eight 2‑bedroom, 1‑bathroom apartment units
- Additional building with 4 bedrooms, 2.5 bathrooms, and dedicated office space
- Extensive renovations completed over the last several years
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
725
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight two-bedroom units accompany a larger building with dedicated office space.
Where is this apartment building located?
The property is located at 1308 PHILADELPHIA AVENUE Ocean City, MD.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Eight 2‑bedroom, 1‑bathroom apartment units; Additional building with 4 bedrooms, 2.5 bathrooms, and dedicated office space; Extensive renovations completed over the last several years
