608 Philadelphia Avenue
Ocean City, MD, 21842 $ 614,900
Bedrooms3 Baths0.0 Monthly Estimate*
$ 3,786
for $614,900 with 3 bedrooms. This home was built in 1955 on a lot size of 0.05.
Just two blocks from the beach and boardwalk, this turn-key duplex at 608 Philadelphia Ave puts you right in the heart of one of the East Coasts most consistently in-demand vacation markets. The property features a spacious 2-bedroom, 2-bath unit alongside a 1-bedroom plus den, 2-bath unit, creating multiple income strategies for savvy investors. Rent both units for maximum cash flow, keep one for personal use while the other helps offset ownership costs, or create the ideal setup for extended family and guests. Inside, both units offer bright, open living spaces, full kitchens, generous bedroom layouts, and the kind of comfortable coastal feel todays renters are actively searching for. The flexible floorplans work equally well for short-term vacation rentals, seasonal stays, or year-round living. Outside, the location does the heavy lifting. Guests and tenants can easily walk to the beach, boardwalk, restaurants, bars, shopping, and entertainment without ever needing to move the car. Exactly the kind of convenience that drives repeat bookings and long-term demand in Ocean City. Whether youre adding to your portfolio, looking for a beach property with built-in earning potential, or searching for a smarter way to own in OC, this property delivers the rare combination of location, flexibility, and income opportunity. Properties this close to the beach and boardwalk arent just real estate. Theyre the kind investors wait for.
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FeaturesGeneralLiving Area 1760
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Window Unit(s)
Utilities Cable TV Available Electric Available Natural Gas Available
Possession Settlement
Roof Architectural Shingle
Zoning R-3
Patio/Porch Features Deck(s)
Architectural Style Coastal
Construction Materials Concrete Stick Built
School District WORCESTER COUNTY PUBLIC SCHOOLS
Year Built 1955
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Ocean City
Gross Income 67000.00
Accessibility None
County WORCESTER
Net Operating Income 42000.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status COMING SOON
Directions Coastal Highway heading south Building on Left at 6th St
City OCEAN CITY
Number Of Units Total 2
MLS Area Bayside Interior (83)
Lot Size Units Square Feet
Lot Size Square Feet 2040.00
Number of Units Leased 2
Tax Annual Amount 4238.0
Two Bedroom 1
Structure Type Detached
Price Per Sq Ft Total AG 349.38
Vacation Rental Y/N N
Standard Status Coming Soon
Year Built Source Assessor
Legal Subdivision SINEPUXENT BEACH CO
Tax Lot 2
Total Actual Rent 67000.00
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InteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Furnished Units All
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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ExteriorExterior Amenities Sidewalks
Pool No Pool
Water Source Public
Type of Parking Driveway Off Street
Foundation Details Crawl Space
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.05
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 0.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices Penfed Realty - OpBroker
spikesands@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,786
- Monthly Property Taxes
- $353
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Ocean City, MD
Average List Price $1,380,778
Percent of Sale Price 125%
About Ocean City, MD 7,846 Population
-23% Since 2002
$ 59,005 Median Income
50.85 Median Age
15% Households with Children
Trends Information provided by ATTOM Data Solutions.
3536051 Elementary School
3533416 Middle School
Stephen Decatur High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/8/2026 | $614,900 | | Listed Price |