$ 1,850,000
-
$1,850,000
Price -
11
Bed -
8
Bath -
4,002
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 345MWG - 3256453
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 2022–2023, 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 unbeatable—just 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 you’re 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.
Listing Highlights for 1004 Philadelphia Ave
Status
Active
Days on Site
47
Property Type
Residential
MLS ®
MDWO2033400
Year Built
1950
Total Square Footage
4,002
Lot/Acreage
0.12
County
Worcester
Building Name
NONE AVAILABLE
Neighborhood
Non Development
Area
Ocean Block (82)
School District
Worcester County Public Schools
Interior Details
- Bedrooms: 11
- Bathrooms: 8 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating:
- Fireplaces: 1, 1 Fireplace
- Floor: Luxury Vinyl Tile,Tile/Brick
- Above Ground Sq Ft: 4002
- Below Ground Sq Ft: 0
- Basement:
- Other: Bathroom - Walk-In Shower,Main Floor Bedrooms: 5
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Lot Dimensions: 0.00 x 0.00
- Zoning: Apartment Building
- Roof: Asphalt,Shingle
- Others: Excellent,Very Good
- Sewer: Public Sewer
- Parking Features: Fenced,Surface,On Street,Parking Lot
Financial Details
- Tax Amount: $8,827
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
1004 Philadelphia Ave Ocean City, MD 21842
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
