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About This Home
This 0-bedroom, 0-bathroom residential multi family at 205 10TH Street in OCEAN CITY, MD is listed for $1,329,900 ($485 per sqft). Built in 1950, the home offers 2,744 sqft of living space on a 0.31 acres lot.
Two Parcels For Sale Updated Multi-Unit Property + Rare Lot Development Opportunity in Downtown OC. Located just two blocks from the beach, boardwalk, and the heart of Ocean City's entertainment district, 205 10th Street and its adjacent buildable lot offer a unique combination of immediate rental income and long-term development potential.
The fully updated 2,744 sq. ft. building includes four move-in-ready units: two spacious three-bedroom, two-bath units, a large one-bedroom, one-bath unit with a full kitchen and living area, and a rear efficiency unit with a private entrance. Each unit has its own porch and is furnished with updated appliances and stylish, coastal-inspired decor, providing a relaxed and inviting experience for guests or tenants.
Update 1/21/26: New Kitchen being installed in Unit 5. The building has undergone significant renovations, including a full new front facade with three levels of decks, new vinyl rails and steps, a new roof, and interior upgrades throughout. A shared, coin-operated laundry facility on-site offers added convenience and generates additional revenue.
What truly sets this property apart is the inclusion of one of the last remaining buildable lots in downtown Ocean City-offering a rare chance to expand with additional rental units or custom development. Whether you're an investor seeking reliable cash flow or a developer looking to build in one of the East Coast's most visited beach towns, this package delivers both present-day performance and future upside in a walkable, high-demand location.
Key Features
- Built in 1950
- 0.31 acre lot
Property Details
Amenities
Monthly Cost Estimate
$7,113/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
205 10TH Street
OCEAN CITY, MD 21842
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 205 10TH Street is listed at $1,329,900 ($485/sqft). The estimated monthly payment is $5,763 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 0.31 acre lot. Interior Features: Additional Stairway, Breakfast Area, Built-Ins.
This property is listed by Spike Sands and can be reached at 4432350489 or spikesands@gmail.com.