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1004 Philadelphia Avenue Ocean City, MD $ 1,850,000
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$ 1,850,000 Get more info
1004 Philadelphia Avenue
$ 1,850,000
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1004 Philadelphia Avenue

Ocean City, MD, 21842
$ 1,850,000
Bedrooms11 Baths8.0 Sq 4,002

Monthly Estimate*

$ 11,542

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Single Family Home for sale in Ocean City, MD

for $1,850,000 with 11 bedrooms and 8 full baths. This 4,002 square foot home was built in 1950 on a lot size of 0.12.

A rare investment opportunity in the heart of Ocean City! This fully renovated 8-unit building is a proven cash cow, generating a minimum of $170,000 in gross rental income annually. Renovated from top to bottom in 20222023, and new roof in 2024, the property offers worry-free ownership with all new showers, kitchens, flooring, and modern finishes throughout. Currently operating as a successful short-term rental business, this property gives you options: live in one unit and let the others pay the bills, or manage off-site and maximize returns. With eight income-producing units, the flexibility and earning potential are unmatched. The location is unbeatablejust steps to the Ocean City boardwalk, sandy beaches, restaurants, shopping, and entertainment. Guests return year after year for the convenience and vibrant coastal lifestyle. Whether youre looking to expand your portfolio, run a high-yield vacation rental business, or secure a unique property with both lifestyle and investment value, 1004 Philadelphia Avenue delivers.

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Single Family Active

Price

$ 1,850,000

Bedrooms

11

Full Bath

8

Property Type

Single Family

Taxes

$ 8,827

Style

Contemporary,Coastal

Lot Size

0.12

Year Built

1950

Town/City

Ocean City

County/Region

Worcester

MLS | Web ID

MDWO2033400
Features
General
Living Area 4002
Sewer Public Sewer
Heating Other
Cooling Window Unit(s)
Utilities Cable TV Available Electric Available Natural Gas Available Sewer Available Water Available
Possession Settlement
Roof Asphalt Shingle
Zoning R-3A
Architectural Style Other Contemporary Coastal
Construction Materials Combination Mixed Plumbing Stick Built Other
School District WORCESTER COUNTY PUBLIC SCHOOLS
Exclusions Exclusions list will be provided upon request
Year Built 1950
Levels 3
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Building Name NONE AVAILABLE
Accessibility 2+ Access Exits
County WORCESTER
New Construction N
Property Type Residential
HOA N
Subdivision Name NON DEVELOPMENT
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 8
Status ACTIVE
Directions Baltimore Ave Turn Left on 9th St Right on Philadelphia Ave Units are on the right
City OCEAN CITY
Senior Community Y/N N
MLS Area Ocean Block (82)
Lot Size Units Square Feet
Lot Size Square Feet 5425.00
Tax Annual Amount 8827.0
Property Condition Excellent Very Good
Structure Type Other
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 3
Bathrooms Count Main Level 3.00
Price Per Sq Ft Total AG 462.27
Acceptable Financing Cash Conventional
Vacation Rental Y/N Y
Standard Status Active
Year Built Source Estimated
Tax Lot 2
Total Actual Rent 170000.00
Federal Flood Zone AE
Association Recreation Fee N
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Interior
Interior Amenities Bathroom - Walk-In Shower
Heating Fuel Natural Gas Electric
Flooring Luxury Vinyl Tile Tile/Brick
Total Fireplaces 1
Hot Water Natural Gas
Total Stories 3
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 4002
Central Air Y/N N
Total Bedrooms 11
Below Grade Finished Area 0
Entry Level 1
Main Level Bedrooms 5
Below Grade Finished Area Unit Type Square Feet
Laundry Type Washer In Unit Dryer In Unit
Below Grade Finished Area Source Estimated
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 8
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Exterior
Pool No Pool
Fencing Rear
Parking Features Fenced Surface
Water Source Public
Type of Parking On Street Parking Lot
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.12
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1004
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* Excluded Features
List By
Coldwell Banker Realty

Broker

shawn.kotwica@cbmove.com

Email

Affordability Calculator

$12,277
Per Month
94%
6%
0%
Monthly Principal & Interest
$11,542
Monthly Property Taxes
$736
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3534738 Elementary School
3535750 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/17/2025$185,000 Listed Price

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1004 Philadelphia Avenue, Ocean City, MD, 21842 is a Single Family Home for sale at $1,850,000 with 4,002 sqft and a lot size of 0.12. 1004 Philadelphia Avenue has 11 bedrooms, 8.0 baths, and was built in 1950. The property's zip code is 21842 which is in Ocean City, MD

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