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MLS: #MDWO2035604, Listed By: Spike Sands, Berkshire Hathaway HomeServices PenFed Realty - OP, Source:Bright MLS

112 / 114 75th Street

OCEAN CITY, MD 21842
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Bed 11

Bed

Bath 0

Bath

SqFt4,048

Sqft

Acres0.30

Acre(Lot)

Huge Price Drop This bayfront, income-producing multi-unit property on 75th Street in Ocean City, MD presents a rare opportunity to own a unique compound overlooking Assawoman Bay. Situated on two parcels, Tax ID #2410086868 and Tax ID #2410086841, the property includes three separate buildings offering exceptional water views from each structure and strong rental performance potential. The complex consists of one two-bedroom house, two three-bedroom units, and one four-bedroom unit, totaling twelve bedrooms and nine full bathrooms. Each unit is designed to maximize views and functionality, creating an ideal setup for vacation rentals, multi-generational use, or a private waterfront retreat. The property has been substantially improved with a new roof and new siding on two of the three b uildings, raised foundations, extensive interior renovations, and the addition of a storage unit, making this a turnkey opportunity with reduced future capital needs. Unit A offers three bedrooms and two bathrooms, sleeps up to ten guests, features central air conditioning, and showcases excellent bay views. Unit B includes two bedrooms and one bathroom with wall air conditioning and baseboard heat and presents a clear value-add opportunity for future redevelopment on the existing raised foundation. Unit C features a large updated kitchen, four spacious bedrooms, three full bathrooms, central air and heat, and expansive bay views, comfortably sleeping up to twelve guests. Unit D has been nicely updated with granite countertops, large bedrooms and bathrooms, three bedrooms and three full baths, central air conditioning, excellent water views, and sleeps up to ten. All units are furnished in a coastal style and include laminate flooring, updated countertops, large flat-screen televisions, refrigerators, and microwaves. The property also features a community washer and dryer on site, an outdoor shower, on-site storage, and a large driveway with thirteen off-street parking spaces, allowing guests to park once and walk to nearby midtown shops, restaurants, and the beach. Located just blocks from the ocean with direct bay access only steps away for paddleboarding or kayaking, this property delivers both the lifestyle renters seek and the income investors value. With large decks, stunning bay sunsets, and a flexible multi-building layout, this is a rare midtown Ocean City waterfront compound offering immediate income and long-term upside. Professional photos to follow.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,409,900

AD Id : 76594355

MLS Id : MDWO2035604

Beds : 11

Lot Size : 0.30 Acre

Living Area Size : 4,048

Year Built : 1985

County : WORCESTER

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Feature Features

  • Bedroom Information

    Total beds: 11

    Room Information

    Basement: Crawl Space
  • Flooring Information

    Vinyl
  • Roofing Information

    Shingle
  • Interior Features

    Ceiling Fan(s), Kitchen Island, Recessed Lighting, Built-in Features, Open Floorplan Roof: Shingle Appliances: Range, Electric Range, Electric Oven, Electric Water Heater, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air, Ceiling Fan(s), Electric Water front: 1

  • Building Information

    Year Built: 1985 Building Area Total: 4048 Construction Materials: Frame Frontage Length: 30 Patio And Porch Features: Deck, Porch Pool Features: None Private Pool: No View: Water, Bay
  • Exterior Features

    Exterior Features: Barbecue, Lighting

  • Lot Information

    Lot Dimensions: 0.00 x 0.00 Lot Size Acres: 0.3 Lot Size Source: Estimated Lot Size Square Feet: 13000 Lot Description: Waterfront

  • Listing Price Information

    Listing Price: $1409900

  • Tax Information

    Parcel Number: 2410086868 Tax Lot: 14 Tax Year: 2025 Annual Tax: $8900

  • Parking Information

    Parking Total: 13 On Street, Private, Gravel, Driveway

  • School Information

    Elementary School: OCEAN CITY
    Junior High School: STEPHEN DECATUR
    Senior High School: STEPHEN DECATUR
  • Utility Information

    Cable Available
  • Location Information

    Direction: From Coastal Highway take a right on 75th st complex at the end of the street on the right WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6 43rd Street, Ocean City, MD, 21842 $1,799,900 8 -- 2,448 2,448 SqFt
15 57th Street, Ocean City, MD, 21842 $1,275,000 8 -- 2,560 2,560 SqFt
116 78th Street, Ocean City, MD, 21842 $2,999,900 9 -- 5,022 5,022 SqFt
1701 N Baltimore Avenue, Ocean City, MD, 21842 $2,250,000 10 -- 4,842 4,842 SqFt
2701 Judlee Avenue, Ocean City, MD, 21842 $975,000 8 -- 2,784 2,784 SqFt
304 15th Street, Ocean City, MD, 21842 $1,199,900 5 -- 2,532 2,532 SqFt
205 10th Street, Ocean City, MD, 21842 $1,329,900 7 -- 2,744 2,744 SqFt

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ByOwner last updated this listing 06/21/2026 @ 11:52

MLS: MDWO2035604 LISTED BY: Spike Sands, Berkshire Hathaway HomeServices PenFed Realty - OP 410-208-3500 SOURCE: Bright MLS

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