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.
For sale
$1,329,900
205 10th St, Ocean City, MD 21842
8beds
--baths
2,744sqft
Est.:
Quadruplex
Built in 1950
-- sqft lot
$1,203,300 Zestimate®
$485/sqft
$-- HOA
What's special
Four move-in-ready unitsInterior upgrades throughoutNew roofUpdated appliances
- 243 days |
- 414 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: February 16, 2026 at 03:50pm
Listed by:
Spike Sands 443-235-0489,
Berkshire Hathaway HomeServices PenFed Realty - OP 4102083500
Source: Bright MLS,MLS#: MDWO2032146
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
Basement
- Area: 0
Heating
- Wall Unit, Baseboard, Natural Gas, Electric
Cooling
- Ductless, Ceiling Fan(s), Window Unit(s), Natural Gas, Electric
Appliances
- Included: Microwave, Built-In Range, Trash Compactor, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator, Washer, Water Heater, Electric Water Heater, Gas Water Heater
Features
- Additional Stairway, Breakfast Area, Built-in Features, Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Open Floorplan, Eat-in Kitchen, Upgraded Countertops, Dry Wall
- Flooring: Ceramic Tile, Luxury Vinyl, Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,744
- Total interior livable area: 2,744 sqft
Property
Parking
- Parking features: Crushed Stone, Enclosed, Free, Lighted, Private, On Street, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Deck
- Exterior features: Lighting, Play Area, Sidewalks, Street Lights, Balcony
- Pool features: None
- Has view: Yes
- View description: City, Street
- Waterfront features: Bayblock
- Frontage type: Road Frontage
Lot
- Size: 0.31 Acres
- Features: Cleared, Corner Lot, Level, Premium
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410035104
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Coastal
- Property subtype: Quadruplex
Materials
- Frame
- Foundation: Crawl Space, Block
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1950
- Major remodel year: 2022
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Cable Available, Phone Available
Community & HOA
Community
- Security: Fire Escape
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $485/sqft
- Tax assessed value: $481,800
- Annual tax amount: $6,743
- Date on market: 8/1/2025
- Listing agreement: Exclusive Right To Sell
- Inclusions: Sold As Is
- Ownership: Fee Simple
Estimated market value
$1,203,300
$1.14M - $1.26M
$1,764/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Listed for sale | $1,329,900-46.8%$485/sqft |
Source:  Bright MLS #MDWO2032146 Report a problem | ||
| 4/1/2025 | Listing removed | $2,499,000$911/sqft |
Source: Bright MLS #MDWO2026102 Report a problem | ||
| 2/6/2025 | Price change | $2,499,000-5.7%$911/sqft |
Source: Bright MLS #MDWO2026102 Report a problem | ||
| 10/16/2024 | Listed for sale | $2,650,000+1125.7%$966/sqft |
Source: Bright MLS #MDWO2026102 Report a problem | ||
| 7/17/2012 | Sold | $216,199-12.1%$79/sqft |
Source: Public Record Report a problem | ||
| 5/23/2012 | Price change | $245,900-3.6%$90/sqft |
Source: GoHoming #WO7753281 Report a problem | ||
| 4/26/2012 | Price change | $255,000-3.8%$93/sqft |
Source: GoHoming #WO7753281 Report a problem | ||
| 4/2/2012 | Price change | $265,000-3.6%$97/sqft |
Source: GoHoming #WO7753281 Report a problem | ||
| 3/7/2012 | Price change | $275,000-3.5%$100/sqft |
Source: GoHoming #WO7753281 Report a problem | ||
| 2/8/2012 | Price change | $285,000-3.4%$104/sqft |
Source: GoHoming #WO7753281 Report a problem | ||
| 1/13/2012 | Listed for sale | $295,000-39.2%$108/sqft |
Source: Altisource Portfolio Solutions Report a problem | ||
| 6/27/2011 | Sold | $485,000+3.2%$177/sqft |
Source: Public Record Report a problem | ||
| 4/28/2006 | Sold | $469,900+261.5%$171/sqft |
Source: Public Record Report a problem | ||
| 10/7/1996 | Sold | $130,000$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,599 +12.7% | $554,800 +15.2% |
| 2024 | $6,743 +17% | $481,800 +17.9% |
| 2023 | $5,762 +9.2% | $408,800 |
| 2022 | $5,275 +9.9% | $408,800 +20.4% |
| 2021 | $4,798 +11.3% | $339,600 +11.3% |
| 2020 | $4,309 +2.9% | $305,000 |
| 2019 | $4,188 +4.5% | $305,000 +7.5% |
| 2018 | $4,009 +3.9% | $283,800 +3.9% |
| 2017 | $3,858 -33.4% | $273,200 |
| 2016 | $5,791 | $273,200 |
| 2015 | $5,791 | $273,200 -13.3% |
| 2014 | $5,791 | $315,000 -31.5% |
| 2013 | -- | $459,700 |
| 2012 | -- | $459,700 -4.7% |
| 2011 | -- | $482,500 +2.1% |
| 2010 | -- | $472,432 +2.2% |
| 2009 | -- | $462,316 +2.2% |
| 2008 | -- | $452,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,700/mo
Principal & interest
$6858
Property taxes
$842
More affordability tools
Climate risks
Neighborhood: Boardwalk/Inlet
Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 1.4 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 5.8 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 5.8 mi
Schools provided by the listing agent
- Elementary: Ocean City
- Middle: Stephen Decatur
- High: Stephen Decatur
- District: Worcester County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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