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Waterfront Duplex With Boat Slips
For Sale
$1,199,900

304 15TH Street, Ocean City, MD 21842

Multi-Family, OCEAN CITY, MD

Property Size2,532 SF
Lot Size0.13 Acres
Price / SF$473.89
Days on Market148

Property Features for 304 15TH Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Dining Room
Parking 1
Parking features Off Street, On Street, Garage - Detached, Driveway
Interior features 2nd Kitchen, Attic, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Dining Area, Entry Level Bedroom, Kitchen - Table Space, Pantry, Recessed Lighting, Upgraded Countertops, Window Treatments
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Subdivision NEPTUNE DEVELOPMENT
Elementary school OCEAN CITY
Middle school STEPHEN DECATUR
High school STEPHEN DECATUR
Elementary school district WORCESTER COUNTY PUBLIC SCHOOLS
Middle school district WORCESTER COUNTY PUBLIC SCHOOLS
High school district WORCESTER COUNTY PUBLIC SCHOOLS
Standard status Active
Size 2,532 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Annual Amount 9351

Utilities

Heating system Heat Pump (Heating)
Cooling system Central Air, Wall Unit(s)
Water front features Waterfront, Navigable Water
Water front 1

Amenities

private boat slips
canal and bay views
private entrances
enclosed porch/sunroom areas
private garage
private deck
fenced-in yard

Building Details

Year built 1956
Number of units 2
Building materials Block, Frame, Stick Built
Architectural style Cape Cod
Listing Agency: ERA Martin Associates, Shamrock Division · ERA Real Estate
Listed By: Brittani Phillips · License #652284
Added: Apr 16 Changed: Sep 9 Last Checked: Sep 10 at 9:06PM
MLS# MDWO2037804

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,532-square-foot duplex includes a 3BR/3BA first-floor residence and a 2BR/1BA second-floor residence, creating a flexible two-unit configuration. Both kitchens have been recently renovated, with additional updates including LVP flooring, lighting fixtures, paint, and furniture. The property also features enclosed porch or sunroom areas, private entrances, a detached garage, and a lower-unit deck overlooking the water and fenced yard.

Set on 0.13 acres, the R-2 property has waterfront access, navigable water, canal and bay views, and 2 private boat slips. Off-street and on-street parking, a driveway, central air, wall units, and heat-pump heating are also provided. The beach, boardwalk, dining, shopping, and entertainment are within walking distance. The property was built in 1956 and may support short-term rental, seasonal, annual rental, or owner-occupied use as described in the source information.

Key Highlights

  • 2,532 square feet with 3BR/3BA and 2BR/1BA units
  • 2 private boat slips with waterfront and navigable water access
  • R‑2 zoning on a 0.13‑acre parcel

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

586
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated two-unit waterfront property with private entrances, detached garage, and flexible rental or owner-occupancy options.
Where is this duplex located?
The property is located at 304 15TH Street Ocean City, MD.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: 2,532 square feet with 3BR/3BA and 2BR/1BA units; 2 private boat slips with waterfront and navigable water access; R‑2 zoning on a 0.13‑acre parcel
More about this property
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