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Two-Story Residential Income Property
For Sale
$649,000

401 ATLANTIC AVE #506, Ocean City, MD 21842

OCEAN CITY, MD

Property SizeContact for details
Days on Market354

Property Features for 401 ATLANTIC AVE #506

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2
Subdivision NONE AVAILABLE
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

Building Details

Year built 1974
Listing Agency: Ocean City MD
Listed By: Imad Elali
Added: Oct 24, 2025 Changed: Oct 10 Last Checked: Oct 12 at 12:06AM
MLS# MDWO2034418

Copyright © 2026 Long & Foster Real Estate. 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 two-story, split-level condominium is a top-floor end unit with two bedrooms and windows along the side. Interior improvements include ceramic tile floors, upgraded kitchen cabinetry, granite counters, custom paint, and remodeled bathrooms. One balcony faces the ocean and boardwalk; a second opens toward the bay. Views include the beach, ocean, boardwalk, and bay. The building dates to 1974.

The property is on the Ocean City boardwalk, within walking distance of shops, restaurants, SunFest, Oceans Calling, and Country Calling. The two balconies offer distinct outlooks, including bay views at sunset.

Key Highlights

  • Top‑floor end‑unit, two‑story split‑level condo
  • Two bedrooms
  • Oceanfront balcony and private bayside balcony

Property Analytics

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Current Use

Thrashers Fries Restaurant Jolly Roger at the Pier Tour Operator Ocean Bites Boardwalk, ... Restaurant Thrasher's French Fries Restaurant Nature Wood glasses Eye Care

Suggested Use

Top Pick Dental Office Auto Parts Store Nail Salon Kitchen & Bath Showroom Plumbing Service Spa & Massage Center

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

957
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
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Frequently Asked Questions

What type of property is this?
Residential income property - Updated interior, upper-level placement, and separate oceanfront and bay-facing balconies distinguish this coastal residence.
Where is this residential income property located?
The property is located at 401 ATLANTIC AVE #506 Ocean City, MD.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Top‑floor end‑unit, two‑story split‑level condo; Two bedrooms; Oceanfront balcony and private bayside balcony
More about this property
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