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About This Home

This 0-bedroom, 0-bathroom residential multi family at 304 15TH Street in OCEAN CITY, MD is listed for $1,199,900 ($474 per sqft). Built in 1956, the home offers 2,532 sqft of living space on a 0.13 acres lot.

Agent Description

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 versatility for short-term rental, seasonal use, annual rental, or owner-occupied income-producing use.

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.

Key Features

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

Property Details

1 space
1956

Amenities

WaterfrontA/C

Monthly Cost Estimate

$6,417/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

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

Garage - DetachedOn StreetOff StreetDriveway

Heating

Heat Pump (Heating)

Cooling

Wall Unit(s)Central Air

Appliances

DishwasherDryerMicrowaveRefrigeratorStoveWasher

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 304 15TH Street is listed at $1,199,900 ($474/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.

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 and can be reached at 4435045281 or brittani.phillips@era.com.

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BP

Brittani Phillips

Agent at ERA Martin Associates, Shamrock Division

(443) 504-5281

Listed by ERA Martin Associates, Shamrock Division · View on Broker Site

MLS# MDWO2037804· Source: listhub· Updated 1 days ago

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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