USAMDOcean CityNon Development1004 Philadelphia Ave
1004 Philadelphia Ave, Home with 11 bedrooms, 8 bathrooms and null parking in OCEAN CITY MD | Image 1
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$1,850,000

1004 Philadelphia Ave, Ocean City, MD

Real Estate

For Sale

$--,---,---
1180
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential
Size 4002 sqft
Garage No
HOA Fees 
Taxes $8,827
Days Active 10
Approx. Age 1950
Avg. Price Per Sqft $462
MLS® Number MDWO2033400

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® NumberMDWO2033400
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher In Unit, Dryer In Unit
Exposure
Exterior
GarageNo
Approx. Age1950
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatOther, Natural Gas, Electric
A/CWindow Unit(s), Electric
Heating Fuel

Extras

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