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Ocean City, MD Multifamily Homes & Duplexes for Sale

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  • 12506 Assawoman Dr, Ocean City, MD 21842
    12506 Assawoman Dr, Ocean City, MD 21842
    12506 Assawoman Dr, Ocean City, MD 21842
    /76

    $995,000

    • Studio
    • 2,016 Sq Ft

    12506 Assawoman Dr, Ocean City, MD 21842

    Rarely available ocean block beach cottage just steps from the sand, featuring two spacious 3-bedroom, 1.5-bath units, each approximately 1,008 square feet, on a 5,000 sq ft lot in a prime midtown location. Very close to the beach, this property offers inviting front porches, ample rear parking, and the freedom of no HOA or condo fees. Zoned R-3A, it presents excellent redevelopment potential for

    Ed Balcerzak Berkshire Hathaway HomeServices PenFed Realty-WOC

    12506 Assawoman Dr, Ocean City, MD 21842
  • 12907 Sand Bar Ln, Ocean City, MD 21842
    12907 Sand Bar Ln, Ocean City, MD 21842
    12907 Sand Bar Ln, Ocean City, MD 21842
    /72

    $2,425,600

    • Studio
    • 6,700 Sq Ft

    12907 Sand Bar Ln, Ocean City, MD 21842

    Discover a unique chance to own three stunning side-by-side townhouses in the heart of West Ocean City, each offering panoramic views of the Bay and the Ocean City skyline. Whether you’re looking for a multi-generational retreat, a rental income opportunity, or a mix of both—this property delivers.Located just minutes from the beach and surrounded by the area’s best restaurants,

    Shawn Kotwica Coldwell Banker Realty

    12907 Sand Bar Ln, Ocean City, MD 21842
  • 8703 Caribbean Dr, Ocean City, MD 21842
    8703 Caribbean Dr, Ocean City, MD 21842
    8703 Caribbean Dr, Ocean City, MD 21842
    /73

    $759,800

    • Studio
    • 840 Sq Ft

    8703 Caribbean Dr, Ocean City, MD 21842

    NO CONDO or HOA FEES! This is an amazing opportunity to own BOTH unit's in a rare duplex in North Ocean City. Both are move in ready 3 bedroom 2 bath properties that comes fully furnished & have everything you need. Updates throughout and tastefully furnished make this a truly turn key property. There is plenty of parking in your private driveway, as well as on street. You have the flexibilty to

    JAY PIERORAZIO Coastal Life Realty Group LLC

    8703 Caribbean Dr, Ocean City, MD 21842
  • 1701 N Baltimore Ave, Ocean City, MD 21842
    1701 N Baltimore Ave, Ocean City, MD 21842
    1701 N Baltimore Ave, Ocean City, MD 21842
    /56

    $2,799,900

    • Studio
    • 4,842 Sq Ft

    1701 N Baltimore Ave, Ocean City, MD 21842

    An Incredible Investment Opportunity in a Prime Downtown OC Location! Just steps from the ocean, the world-famous boardwalk, restaurants, and iconic Ocean City attractions, this charming property features 4 fully renovated units with a fresh, coastal-inspired design. It includes 3 spacious 3-bedroom units and 1 cozy 1-bedroom unit, each thoughtfully designed to offer a welcoming atmosphere

    Kevin Decker Coastal Life Realty Group LLC

    1701 N Baltimore Ave, Ocean City, MD 21842
  • 802 Saint Louis Ave, Ocean City, MD 21842
    802 Saint Louis Ave, Ocean City, MD 21842
    802 Saint Louis Ave, Ocean City, MD 21842
    /15

    $1,749,999

    • Studio
    • 3,494 Sq Ft

    802 Saint Louis Ave, Ocean City, MD 21842

    "Lukas Apartments" is located on Saint Louis and 8th Street in downtown Ocean City. Just a block to the bay and a few blocks to the ocean. Views of both bay and ocean from balcony. The property consists of 2 separate buildings. One building is a 4 bedroom 2 bath house. The other building a separate first and second floor unit with 3 bedrooms and 2 baths each. The property has a total of 10

    Jennifer Hughes Keller Williams Realty

    802 Saint Louis Ave, Ocean City, MD 21842
  • 904 Saint Louis Ave, Ocean City, MD 21842
    904 Saint Louis Ave, Ocean City, MD 21842
    904 Saint Louis Ave, Ocean City, MD 21842
    /50

    $1,249,900 Coming Soon

    • Studio
    • 3,600 Sq Ft

    904 Saint Louis Ave, Ocean City, MD 21842

    Welcome to 904 St. Louis Avenue, a fully renovated, income-generating multi-family property just steps from Ocean City’s iconic boardwalk and beach. This 3,600 sq. ft. building features four thoughtfully designed and fully furnished units, including two spacious three-bedroom, two-bath units and two comfortable two-bedroom, one-bath units. Each unit offers an open-concept living area, durable

    Spike Sands Berkshire Hathaway HomeServices PenFed Realty - OP

    904 Saint Louis Ave, Ocean City, MD 21842
  • 205 10th St, Ocean City, MD 21842
    205 10th St, Ocean City, MD 21842
    205 10th St, Ocean City, MD 21842
    /52

    $1,329,900 Coming Soon

    • Studio
    • 2,744 Sq Ft

    205 10th St, Ocean City, MD 21842

    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

    Spike Sands Berkshire Hathaway HomeServices PenFed Realty - OP

    205 10th St, Ocean City, MD 21842
Maryland Ocean City

Multi-Family Homes & Duplexes for Sale in Ocean City, MD

Why Live in Ocean City

Ocean City, Maryland, is a prominent vacation destination known for its 10-mile public beach along the Atlantic Ocean. The coastal highway, Route 528, runs through this narrow strip of sand, making it easily accessible. The city has a rich history dating back to the 17th century, with significant growth in the late 19th century due to the Atlantic Hotel and the arrival of railroads. The Boardwalk is a popular spot for visitors, featuring various food vendors and attractions. For those looking for things to do, the Oceanic Pier offers fishing without the need for a license, and Sunset Park provides crabbing spots, a concert venue, and scenic views. The Ocean City Center for the Arts and the Ocean City Film Festival cater to art enthusiasts, while the Worcester County Library hosts public story times for children. The Worcester County Public Schools District serves the area, boasting high ratings and a favorable student-to-teacher ratio. Housing options include a mix of condos and single-family homes, with many condos built in the 1980s but maintaining a modern aesthetic. Seafood dominates the local dining scene, and shopping options range from the Gold Coast Mall to various retailers along Coastal Highway. The Ocean City Beach Bus offers a convenient transportation option, though traffic can be congested, especially around midday. However, potential residents should be aware of the risks associated with hurricanes, including severe wind and extreme flood risks.
Learn more about living in Ocean City

Home Trends in Ocean City, MD

On average, homes in Ocean City, MD sell after 87 days on the market compared to the national average of 70 days. The median sale price for homes in Ocean City, MD over the last 12 months is $535,000, up 13% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$535,000
Median Single Family Sale Price
$599,000
Median Townhouse Sale Price
$572,500
Median 2 Bedroom Sale Price
$320,000
Median 1 Bedroom Sale Price
$249,000
Average Price Per Sq Ft
$421
Number of Homes for Sale
92
Last 12 months Home Sales
455
Months of Supply
2.40
Median List Price
$549,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%
How to Buy a Home How to Finance a Home How to Sell a Home

In Ocean City, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $759,800 to $2,799,900, there's a range to accomodate every budget. As of July, 2025 the median home price in Ocean City is $549,900, while the average sale price is $607,122, offering insights into the local housing market. On average, multi-family homes spend 87 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Ocean City, MD.

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