About This Home

This 0-bedroom, 0-bathroom multi-family at 304 15TH Street in Ocean City, MD is listed for $1,099,900 ($434 per sqft). Built in 1956, the home offers 2,532 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1956
  • 0.13 acre lot
  • 1 parking spaces
  • Waterfront

Property Details

1-car garage
1956

Amenities

WaterfrontA/C
Listing Description

HUGE PRICE IMPROVEMENT!! Exceptional opportunity to own a waterfront 2-unit property in the heart of Ocean City with 2 private boat slips and strong appeal for investors, second-home buyers, or those seeking flexible multi-generational use. Comprised of a 3BR/3BA first-floor unit and a 2BR/1BA second-floor unit, this renovated R-2 property offers v

ersatility for short-term rental, seasonal use, annual rental, or owner-occupied income-producing use. NEW Washers and dryers and HVAC systems in both units as of August 2026. The detached garage may offer potential for conversion to additional living space, subject to zoning requirements and approvals.

In addition to the 2 private boat slips, highlights include canal and bay views, private entrances, enclosed porch/sunroom areas, private garage, and extensive recent improvements. A private deck on the lower unit overlooks the water and fenced-in yard.

Inside, both kitchens have been recently renovated, along with new LVP flooring, lighting fixtures, paint, and updated furniture, including an original Ocean City Boardwalk board dining table. Located within walking distance to the beach, boardwalk, dining, shopping, and entertainment, this is a rare chance to market a true multi-family waterfront asset in a prime Ocean City location.

With over $110,000 rental income, this is a rare chance to own a versatile waterfront property in with built-in flexibility and long-term value.

Monthly Cost Estimate

$5,882/mo

20% down · 6.5% · 30 years

Principal$795
Interest$4,766
Insurance$321

Estimates only. Actual payments may vary.

Location

304 15TH Street

Ocean City, MD 21842

NEPTUNE DEVELOPMENT

Features & Amenities

Interior Features

2nd KitchenAtticCarpetCeiling Fan(s)Chair RailingsCrown MoldingsDining AreaEntry Level BedroomKitchen - Table SpacePantryRecessed LightingUpgraded CountertopsWindow Treatments

Property Details

Construction

Block Frame Stick Built

Parking

DrivewayOn StreetGarage - DetachedOff Street

Heating

Heat Pump (Heating)

Cooling

Central AirWall Unit(s)

Appliances

DishwasherDryerMicrowaveRefrigeratorStoveWasher

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 304 15TH Street is listed at $1,099,900 ($434/sqft). The estimated monthly payment is $5,883 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1956, 0.13 acre lot, 1 parking spaces, Waterfront. Interior Features: 2nd Kitchen, Attic, Carpet.

This property is listed by Brittani Phillips.

BP

Brittani Phillips

License 652284

Agent at ERA Martin Associates

Listed by ERA Martin Associates · Broker phone: (410) 749-1818 · View on Broker Site · Broker website

MLS# MDWO2037804· Source: Bright MLS· 194 days on PropertySimple

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.

304 15TH Street, Ocean City, MD 21842

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