205 10th St Ocean City, MD 21842
Ocean City AreaEstimated payment $7,871/month
Highlights
- City View
- Open Floorplan
- Coastal Architecture
- 0.31 Acre Lot
- Dual Staircase
- Deck
About This Home
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. Update 1/21/26: New Kitchen being installed in Unit 5. 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. 980,000 for the house and 350,000 for the lot
Listing Agent
(410) 208-3500 oceanpines@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty - OP Brokerage Phone: 4102083500 License #RS-0038938 Listed on: 08/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,743
Year Built
- Built in 1950 | Remodeled in 2022
Lot Details
- 13,519 Sq Ft Lot
- Property fronts the bay but unit may not have water views
- Premium Lot
- Corner Lot
- Level Lot
- Cleared Lot
Home Design
- Quadruplex
- Coastal Architecture
- Block Foundation
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- Main Floor Bedroom
- 2,744 Sq Ft Home
- Open Floorplan
- Dual Staircase
- Built-In Features
- Ceiling Fan
- Combination Kitchen and Dining Room
- City Views
- Crawl Space
- Fire Escape
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Built-In Range
- Built-In Microwave
- Dishwasher
- Upgraded Countertops
- Compactor
- Disposal
Flooring
- Wood
- Ceramic Tile
- Luxury Vinyl Plank Tile
Laundry
- Dryer
- Washer
Parking
- Private Parking
- Free Parking
- Lighted Parking
- Gravel Driveway
- On-Street Parking
- Parking Lot
- Fenced Parking
Outdoor Features
- Multiple Balconies
- Deck
- Exterior Lighting
- Playground
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Cooling System Utilizes Natural Gas
- Ductless Heating Or Cooling System
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Wall Furnace
- Electric Baseboard Heater
- Natural Gas Water Heater
- Phone Available
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 2410035104
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,576 | $627,800 | $240,000 | $387,800 |
| 2025 | $7,576 | $554,800 | $0 | $0 |
| 2024 | $6,723 | $481,800 | $0 | $0 |
| 2023 | $5,745 | $408,800 | $240,000 | $168,800 |
| 2022 | $5,259 | $374,200 | $0 | $0 |
| 2021 | $4,799 | $339,600 | $0 | $0 |
| 2020 | $4,309 | $305,000 | $176,000 | $129,000 |
| 2019 | $4,188 | $294,400 | $0 | $0 |
| 2018 | $3,997 | $283,800 | $0 | $0 |
| 2017 | $3,879 | $273,200 | $0 | $0 |
| 2016 | -- | $273,200 | $0 | $0 |
| 2015 | $5,791 | $273,200 | $0 | $0 |
| 2014 | $5,791 | $315,000 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $1,329,900 | +515.1% | $485 / Sq Ft | |
| 06/29/2012 06/29/12 | Sold | $216,199 | -26.7% | $79 / Sq Ft | View Prior Sale |
| 05/24/2012 05/24/12 | Pending | -- | -- | -- | |
| 01/12/2012 01/12/12 | For Sale | $295,000 | -- | $108 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $999,000 | None Available | |
| Deed | -- | None Available | |
| Deed | $216,199 | None Available | |
| Deed | $485,000 | -- | |
| Deed | $485,000 | None Available | |
| Deed | $469,900 | -- | |
| Deed | -- | -- | |
| Deed | $130,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $300,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $422,900 | Purchase Money Mortgage |
Source: Bright MLS
MLS Number: MDWO2032146
APN: 10-035104
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2026 Bright MLS, Inc.
- 110 10th St
- 902 Edgewater Ave Unit 502 PARK PLACE
- 909 N Baltimore Ave Unit 3
- 305 11th St Unit 502
- 1108 Saint Louis Ave Unit 1
- 206 8th St
- 802 Saint Louis Ave
- 207 8th St Unit 101W
- 207 8th St Unit 201w
- 207 8th St Unit 204W
- 207 8th St Unit 203E
- 207 8th St Unit 103c
- 207 8th St Unit 102c
- 415 14th St Unit 55
- 401 14th St Unit 4
- 401 14th St
- 1209 Atlantic Ave Unit 302
- 401 13th St
- 419 14th St Unit 71
- 310 13th St Unit 302
- 1515 Shad Row
- 322 Bayshore Dr Unit 2W
- 315 Sunset Dr Unit 1
- 12901 Tidal Ln
- 426 Lark Ln Unit 1W
- 2803 Gull Way Unit B01
- 3010 Philadelphia Ave
- 3701 Coastal Hwy Unit 326F
- 9830 Keyser Point Rd Unit 11
- 12626 Sunset Ave
- 7 45th St Unit 106
- 7 45th St Unit 107
- 17 White Crane Dr
- 5300 Coastal Hwy Unit 205
- 11958 W War Dancer Ln
- 3208 Points Reach
- 10125 Fast Colors Ln
- 105 63rd St Unit 201
- 10203 Battle Colors Ln
- 13 Robin Hood Trail
Ask me questions while you tour the home.