Patterson-Schwartz Real Estate205 10Th Street, Ocean City, MD 21842-7344 $1,329,900
Interior Sq. Ft: 2,744
Acreage: 0.31
Age:75 years
Taxes: $6,743
Design/Type:
Detached
Description
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 décor, providing a relaxed and inviting experience for guests or tenants. The building has undergone significant renovations, including a full new front façade 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.
Home Assoc: No
Condo Assoc: No
Basement: N
Pool: No Pool
Elem. School: Ocean City Mid. School: Stephen Decatur High School: Stephen Decatur
Features
Utilities
Baseboard - Electric Heating, Wall Unit Heating, Electric, Natural Gas, Ceiling Fan(s), Window Unit(s) Cooling, Ductless/Mini-Split, Electric, Natural Gas, Hot Water - Electric, Hot Water - Natural Gas, Public Water, Public Sewer, Circuit Breakers, Cable TV Available, Natural Gas Available, Phone Available
Garage/Parking
On Street, Parking Lot, Fenced Parking, Lighted Parking, Private Parking
Interior
Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Additional Stairway, Ceramic Tile Flooring, Luxury Vinyl Plank Flooring, Dry Wall
Exterior
Block Foundation, Crawl Space Foundation, Architectural Shingle Roof, Frame Exterior, Balconies- Multiple, Deck(s), Exterior Lighting, Fire Escape, Play Area, Sidewalks, Street Lights
Lot
Cleared Lot, Corner Lot, Level Lot, Road Frontage, Premium Lot, Bayblock, City View, Street View
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-354-0118
Listing Courtesy of: Berkshire Hathaway HomeServices PenFed Realty - OP , (410) 208-3500
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Listing data as of 8/15/2025.
