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Two-Unit Duplex Rental
For Sale
$260,000

33023 OLD OCEAN CITY Road, Parsonsburg, MD 21849

Multi-Family, PARSONSBURG, MD

Property Size2,128 SF
Lot Size0.16 Acres
Price / SF$122.18
Days on Market140

Property Features for 33023 OLD OCEAN CITY Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Parking features Driveway
Elementary school district WICOMICO COUNTY PUBLIC SCHOOLS
Middle school district WICOMICO COUNTY PUBLIC SCHOOLS
High school district WICOMICO COUNTY PUBLIC SCHOOLS
Standard status Active
Size 2,128 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 1163

Utilities

Heating system Baseboard, Electric (Heating)

Building Details

Year built 1920
Number of units 1
Building materials Stick Built
Listing Agency: Iron Valley Real Estate Ocean City
Listed By: Stephen Brown · License #673191
Added: Apr 28 Changed: Sep 13 Last Checked: Sep 14 at 1:06PM
MLS# MDWC2022690

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 stick-built duplex, completed in 1920, contains 2,128 square feet across two residential levels. Each unit provides two bedrooms and one bathroom, creating a matching layout for both occupants. The property is currently leased on a month-to-month basis and is offered in its existing condition.

Set on 0.1604 acres, the property includes a driveway for parking. Electric baseboard heating serves the building. The two-unit configuration and separately arranged living spaces provide a straightforward residential income property format.

Key Highlights

  • 2,128‑square‑foot duplex with two residential units
  • Each unit includes 2 bedrooms and 1 bathroom
  • Currently rented on a month‑to‑month basis

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Income-producing residential property with separate two-bedroom, one-bath living spaces on each level.
Where is this duplex located?
The property is located at 33023 OLD OCEAN CITY Road 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; Currently rented on a month‑to‑month basis
More about this property
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