205 10th St Ocean City, MD 21842
Ocean City AreaEstimated payment $5,174/month
Highlights
- City View
- 0.31 Acre Lot
- Dual Staircase
- Ocean City Elementary School Rated A
- Open Floorplan
- Coastal Architecture
About This Home
Large price drop due to the fact that the building is not being sold with the lot next door. Just the multi family home for sale.
A rare chance to own a fully updated four-unit investment property just two blocks from the beach and Boardwalk in downtown Ocean City.
Located at 205 10th Street, this 2,744 sq. ft. property offers four move-in-ready units with a versatile mix of accommodations: 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.
The property has undergone significant renovations inside and out, including a completely updated front façade with three levels of decks, new vinyl railings and steps, a new roof, interior upgrades throughout, and a new kitchen in Unit 1. Each unit has its own porch and is furnished with updated appliances and coastal-inspired décor.
A shared coin-operated laundry facility provides an added convenience for tenants and guests while creating an additional source of revenue.
With four separate units and a highly walkable downtown location close to the beach, Boardwalk, restaurants, nightlife, shopping, and Ocean City attractions, 205 10th Street offers multiple possibilities for vacation rentals, seasonal rentals, or a combination of investment and personal use.
For an investor looking for an established multi-unit property in one of Ocean City’s most desirable rental areas, this one deserves a closer look.
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
- Bay Front Building
- 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 |
|---|---|---|---|---|---|
| 09/01/2026 09/01/26 | Price Changed | $839,900 | -36.8% | $306 / Sq Ft | |
| 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
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Ask me questions while you tour the home.