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Two-Unit Duplex Rental
For Sale
$260,000

33023 Old Ocean City Rd, Parsonsburg, MD 21849

Two-level rental property with matching two-bedroom, one-bath layouts on each floor.

Property Size2,128 SF
Price / SF$122.18
Days on Market125

Property Features for 33023 Old Ocean City Rd

General Information

Standard status Active
Size 2,128 SF
Property subtype Residential Income

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,163
Listing Agency: Iron Valley Real Estate Ocean City
Listed By: Stephen Brown · License #673191
Source: Exprealty
Added: Apr 29 Changed: Aug 29 Last Checked: Aug 30 at 11:51PM

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 Iron Valley Real Estate Ocean City

Investment Insights

Based on property information with market context.

This 2,128-square-foot duplex contains two separate residential units arranged by level. The upper and lower residences each provide two bedrooms and one bathroom, creating a consistent layout across the building.

The property is located at 33023 Old Ocean City Rd in Parsonsburg, Maryland. A current month-to-month lease agreement applies and must be honored by the new owner. The sale is offered in as-is, where-is condition.

Key Highlights

  • 2,128‑square‑foot duplex with two residential units
  • Each unit includes 2 bedrooms and 1 bathroom
  • Upper- and lower‑level unit configuration

Property Analytics

Current Use

Smoke-Stock & Chimney Cleaning ... Social Service Agency MCA Stove & Fireplaces ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Electrical Service Storage Facility Building Supply Carpet & Flooring Store Plumbing Service

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

52
Businesses Nearby

Demographics for 21849, MD

3,162
Population
1,621
Households
2
Avg Household Size
45
Median Age
25%
College-Educated
93%
High-School Grad
36.9 sq mi
ZIP Area
86
Density / Sq Mi
$74,966
Median Household Income
$35,548
Median Earnings
$1,168
Median Rent
$233,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Two-level rental property with matching two-bedroom, one-bath layouts on each floor.
Where is this duplex located?
The property is located at 33023 Old Ocean City Rd Parsonsburg, MD.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,128‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 1 bathroom; Upper- and lower‑level unit configuration
More about this property
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