Ocean City, MD 21842,1004 PHILADELPHIA AVE
Ocean City, MD 21842,1004 PHILADELPHIA AVE
Ocean City, MD 21842,1004 PHILADELPHIA AVE
Ocean City, MD 21842,1004 PHILADELPHIA AVE
Ocean City, MD 21842,1004 PHILADELPHIA AVE
Ocean City, MD 21842,1004 PHILADELPHIA AVE
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Listed by Shawn Kotwica • Coldwell Banker Realty
$ 1,850,000
Est. payment | /mo

11 Beds

8 Baths

4,002 SqFt


Save
$ 1,850,000
Est. payment | /mo
Save

11 Beds

8 Baths

4,002 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,002 sqft

Price per Sqft $462

Subdivision Non Development

MLS Listing ID MDWO2033400

Style Other,Contemporary,Coastal

Bedrooms 11

Full Baths 8

HOA Y/N N

Abv Grd Liv Area 4,002

Year Built 1950

Annual Tax Amount $8,827

Tax Year 2025

Lot Size 5,425 Sqft

Acres 0.12

Lot Dimensions 0.00 x 0.00

Source BRIGHT

Property 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.

Location

State MD

County Worcester

Area Ocean Block (82)

Zoning R-3A

Rooms

Main Level Bedrooms 5

Interior

Interior Features Bathroom - Walk-In Shower

Hot Water Natural Gas

Heating Other

Cooling Window Unit(s)

Flooring Luxury Vinyl Tile, Tile/Brick

Fireplaces Number 1

Furnishings Yes

Fireplace Y

Heat Source Natural Gas, Electric

Laundry Washer In Unit, Dryer In Unit

Exterior

Fence Rear

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Roof Type Asphalt,Shingle

Accessibility 2+ Access Exits

Garage N

Building

Story 3

Sewer Public Sewer

Water Public

Architectural Style Other, Contemporary, Coastal

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Worcester County Public Schools

Others

Senior Community No

Tax ID 2410035937

Ownership Fee Simple

SqFt Source 4002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Brandon Windom

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(302) 465-8055

bwindom2011@yahoo.com

1056 S State St, Dover, DE, 19901, USA

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1004 PHILADELPHIA AVE