205 10th St, Ocean City, MD, 21842
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1950
Materials
- Foundation: Crawl Space,Block
- Roof: Architectural Shingle
- Construction materials: Frame
Notable Dates
- Major remodel year: 2022
Type & Style
- Home type: MultiFamily
- Architectural style: Coastal
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Microwave,Built-In Range,Trash Compactor,Cooktop,Dishwasher,Disposal,Dryer,Refrigerator,Washer,Water Heater,Electric Water Heater,Gas Water Heater
Basement
- Area: 0
Bedrooms & Bathrooms
- Bedrooms: 8
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
Heating & Cooling
- Heating features: Wall Unit,Baseboard,Natural Gas,Electric
- Cooling features: Ductless,Ceiling Fan(s),Window Unit(s),Natural Gas,Electric
Interior Area
- Total structure area: 2,744
- Total interior livable area: 2,744 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2410035104
- Zoning: R-2
- Special condition: Standard
Features
- Pool features: None
- Patio & porch: Deck
- Exterior features: Lighting,Play Area,Sidewalks,Street Lights,Balcony
- Has view: Yes
- View description: City,Street
- Waterfront features: Bayblock
- Frontage type: Road Frontage
Lot
- Lot size: 0.31 Acres
- Features: Cleared,Corner Lot,Level,Premium
- Lot size dimensions: 0.00 x 0.00
Parking
- Parking features: Crushed Stone,Enclosed,Free,Lighted,Private,On Street,Parking Lot
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Winter Weather
- Cold Wave
- Inland Flooding
- Ice Storm
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maryland Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,724 | $80,688 |
| Home Insurance * | $211 | $2,532 |
| Property Taxes | $1,477 | $17,724 |
| Electricity | $349 | $4,195 |
| Total | $8,761 | $105,132 |
Income You'd Need if You Spent...
Maryland FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-08-01 | Listed for sale | $1,329,900 |
| 2025-04-01 | Listing removed | $2,499,000 |
| 2025-02-06 | Price change | $2,499,000 |
| 2024-10-16 | Listed for sale | $2,650,000 |
| 2012-07-17 | Sold | $216,199 |
| 2012-05-23 | Price change | $245,900 |
| 2012-04-26 | Price change | $255,000 |
| 2012-04-02 | Price change | $265,000 |
| 2012-03-07 | Price change | $275,000 |
| 2012-02-08 | Price change | $285,000 |
| 2012-01-13 | Listed for sale | $295,000 |
| 2011-06-27 | Sold | $485,000 |
| 2006-04-28 | Sold | $469,900 |
| 1996-10-07 | Sold | $130,000 |
For Sale by Agent
View on Zillow