$ 1,699,900
-
$1,699,900
Price -
11
Bed -
0
Bath -
4,048
SqFt
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About the Listing 630KWR04 - 3256010
Owner financing could be an option This bayfront, income-producing multi-unit property on 75th Street in Ocean City, MD presents a rare opportunity to own a unique compound overlooking Assawoman Bay. Situated on two parcels, Tax ID #2410086868 and Tax ID #2410086841, the property includes three separate buildings offering exceptional water views from each structure and strong rental performance potential. The complex consists of one two-bedroom house, two three-bedroom units, and one four-bedroom unit, totaling twelve bedrooms and nine full bathrooms. Each unit is designed to maximize views and functionality, creating an ideal setup for vacation rentals, multi-generational use, or a private waterfront retreat. The property has been substantially improved with a new roof and new siding on two of the three buildings, raised foundations, extensive interior renovations, and the addition of a storage unit, making this a turnkey opportunity with reduced future capital needs. Unit A offers three bedrooms and two bathrooms, sleeps up to ten guests, features central air conditioning, and showcases excellent bay views. Unit B includes two bedrooms and one bathroom with wall air conditioning and baseboard heat and presents a clear value-add opportunity for future redevelopment on the existing raised foundation. Unit C features a large updated kitchen, four spacious bedrooms, three full bathrooms, central air and heat, and expansive bay views, comfortably sleeping up to twelve guests. Unit D has been nicely updated with granite countertops, large bedrooms and bathrooms, three bedrooms and three full baths, central air conditioning, excellent water views, and sleeps up to ten. All units are furnished in a coastal style and include laminate flooring, updated countertops, large flat-screen televisions, refrigerators, and microwaves. The property also features a community washer and dryer on site, an outdoor shower, on-site storage, and a large driveway with thirteen off-street parking spaces, allowing guests to park once and walk to nearby midtown shops, restaurants, and the beach. Located just blocks from the ocean with direct bay access only steps away for paddleboarding or kayaking, this property delivers both the lifestyle renters seek and the income investors value. With large decks, stunning bay sunsets, and a flexible multi-building layout, this is a rare midtown Ocean City waterfront compound offering immediate income and long-term upside. Professional photos to follow.
Listing Highlights
Status
Active
Days on Site
75
Property Type
Multi-Family
MLS ®
MDWO2035604
Year Built
1985
Total Square Footage
4,048
Lot/Acreage
0.3
County
Worcester
Building Name
NONE AVAILABLE
School District
Worcester County Public Schools
Elementary School
Ocean City
Middle School
Stephen Decatur
High School
Stephen Decatur
Interior Details
- Bedrooms: 11
- Bathrooms: 0 Full
- Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
- Air Cond: Central A/C
- Heating: Heat Pump(s)
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft: 4048
- Below Ground Sq Ft: 0
- Basement:
- Other: Additional Stairway,Attic,Bathroom - Walk-In Shower,Breakfast Area,Built-Ins,Ceiling Fan(s),Combination Dining/Living,Combination Kitchen/Dining,Family Room Off Kitchen,Floor Plan - Open,Kitchen - Island,Kitchen - Table Space,Primary Bedroom - Bay Front,Recessed Lighting,Upgraded Countertops
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,Waterfront,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 13
- Lot Dimensions: 0.00 x 0.00
- Zoning: R-2
- Roof: Architectural Shingle
- Others: BBQ Grill,Exterior Lighting
- Sewer: Public Sewer
- Parking Features: Crushed Stone,Free,Private,Driveway,On Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $8,900
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
112 / 114 75th St Ocean City, MD 21842
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