Ocean City, MD Multifamily Properties for Sale

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Berlin, MD Ocean Pines, MD Bishopville, MD Fenwick Island, DE Selbyville, DE Newark, MD Frankford, DE Whaleyville, MD

28 properties

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Updated: Dec 11, 2025

Four-Unit Residential Income Property

2701 Judlee Avenue, Ocean City, MD 21842

$975,000

2,784 sqft

4‑unit building built in 1963
Each unit has 2 bedrooms and 1 bathroom
Tankless and split HVAC units updated in 2019
Exterior painted in 2024
New stairs installed in 2021

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2701 Judlee Avenue, Ocean City, MD 21842

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Est. Cap Rate

3%
NOI ÷ price
Est. NOI

$29K
Annual
Mortgage

$289K
Feb 2019
Last Sold

Feb 2019
$385K
Property Type

Residential Income
Built 1963

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Updated: Mar 27

Bayfront Multifamily Compound

112 / 114-A 75TH Street, Ocean City, MD 21842

$1,409,900

4,048 sqft 0.30 AC lot

Bayfront compound on 0.2984 acres overlooking Assawoman Bay
Three buildings on two parcels with 4,048 square feet of improvements
Four units totaling 12 bedrooms and nine full bathrooms
13 off‑street parking spaces plus on‑street parking
New roof, new siding on two buildings, raised foundations, and interior renovations

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Waterfront Duplex with Boat Slips

304 15TH Street, Ocean City, MD 21842

$1,199,900

2,532 sqft 0.13 AC lot

Waterfront 2-unit property in Ocean City with private boat slips.

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Updated Quadplex with Adjacent Buildable Lot

205 10TH Street, Ocean City, MD 21842

$1,329,900

2,744 sqft 0.31 AC lot

Fully updated four-unit property plus an adjacent buildable lot offers move-in-ready units and expansion flexibility near the beach.

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Bayfront Income-Producing Multi-Unit Property

112 / 114A 75TH Street, Ocean City, MD 21842

$1,409,900

4,048 sqft

Waterfront compound with strong rental potential in Ocean City, MD.

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Renovated Oceanfront Residential Income Property

9400 COASTAL HWY #501, Ocean City, MD 21842

$498,500

Fully furnished condominium with updated interiors, ocean views, and access to shared resort-style amenities.

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Furnished One-Bedroom Short-Term Rental

200 N HERON DR #200055, Ocean City, MD 21842

$279,900

First-floor furnished unit with a covered balcony and access to extensive community amenities.

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Updated Multi-Unit Property and Buildable Lot

205 10TH St, Ocean City, MD 21842

$1,329,900

2,744 sqft 0.31 AC lot

Updated multi-unit property with development opportunity near Ocean City's beach.

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Brand-New Bay-View Triplex

116 78th St, Ocean City, MD 21842

$2,999,900

5,022 sqft

Three residences offer custom finishes, conditioned garages, and access to the bay and beach.

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Corner Multifamily Property

5601 COASTAL HIGHWAY, Ocean City, MD 21842

$1,200,000

1,810 sqft

Built in 2010 with a heat pump and on-site parking.

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Updated Multifamily Property For Sale

207 Saint Louis Avenue, Ocean City, MD 21842

$1,800,000

3,960 sqft

Updated multifamily property with income potential in Ocean City, MD.

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Waterfront Duplex with Boat Slips

304 15TH Street, Ocean City, MD 21842

$1,199,900

2,532 sqft

Renovated two-unit property with canal and bay views, private entrances, and flexible seasonal or annual use options.

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Furnished Short-Term Rental Condo

9 90TH STREET #103, Ocean City, MD 21842

$579,900

1,301 sqft

Updated condo with beach access across the street, garage parking, pool amenities, and a secured elevator.

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Renovated Quadplex with Patio

1701 N Baltimore Avenue, Ocean City, MD 21842

$2,150,000

4,842 sqft

Four fully renovated units include three 3-bedroom apartments and one 1-bedroom unit, with balcony, patio, and garage.

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Ocean City Condo Near Beach

17 72ND ST #3 SEAWAY, Ocean City, MD 21842

$387,000

960 sqft

Updated condo in Ocean City's midtown, steps from the beach.

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Renovated Multifamily Property Near Boardwalk

1701 N BALTIMORE Ave, Ocean City, MD 21842

$1,999,900

0.13 AC lot

Four renovated units near the ocean and Ocean City attractions.

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Upgraded Beach Home with Courtyard

105 120TH ST #9699, Ocean City, MD 21842

$299,999

864 sqft

2-bedroom condo near the beach with indoor/outdoor pools and tennis.

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Corner Lot Multifamily Opportunity

13444 MADISON Ave, Ocean City, MD 21842

$557,500

0.11 AC lot

Oversized corner lot with water views and multifamily zoning.

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Renovated Apartment Buildings Near Boardwalk

1308 PHILADELPHIA AVENUE, Ocean City, MD 21842

$2,790,000

Eight two-bedroom units accompany a larger building with dedicated office space.

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Renovated Multifamily Property Near Boardwalk

1308 Philadelphia Avenue, Unit AND 105 14TH STREET, Ocean City, MD 21842

$2,790,000

Eight 2-bedroom units plus a 4-bedroom complex near boardwalk.

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Renovated Residential Income Property

Ocean City, MD 21842

$422,900

Three-bedroom ocean-block condo renovated in 2022 and offered fully furnished with an oversized private balcony.

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Oceanfront Condo with Panoramic Views

401 ATLANTIC Ave 506, Ocean City, MD 21842

$649,000

Top-floor, updated condo with ocean, beach, and bay views.

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Oceanside Condo with Waterviews

18 41ST St 304, Ocean City, MD 21842

$570,000

Furnished 3-bedroom condo with waterviews, ready for occupancy.

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Oceanfront Condo with Rental Potential

9400 COASTAL Hwy 301, Ocean City, MD 21842

$439,900

Two-bedroom, two-bathroom condo with ocean views and modern upgrades.

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Ocean City, MD Multifamily Properties Market Trends and Statistics

Explore 29 multifamily properties for sale in Ocean City, MD, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 40,191 square feet of properties for sale, with an estimated market value of $30,302,299.

Sale prices for multifamily properties in Ocean City, MD start at $134,500, averaging $1,165,473, and reaching up to $2,999,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 11K

Population Growth (5Y) +4.2%

Median Household Income $75,372

College Educated 27.3%

High-Yield Neighborhoods for Investment

Identify Ocean City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
21842	$1.4M

Taxes & Financing

Tax Rate (average for all types) 1.30%

Property Tax per SF $5.96 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Worcester County

New Delisted

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