1004 Philadelphia Ave, Ocean City, MD 21842

Local realty services provided by:Better Homes and Gardens Real Estate Maturo
1004 Philadelphia Ave,Ocean City, MD 21842
$1,850,000
  • 11 Beds
  • 8 Baths
  • 4,002 sq. ft.
  • Single family
  • Active
Listed by:shawn kotwica
Office:coldwell banker realty
MLS#:MDWO2033400
Source:BRIGHTMLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$462.27

About this home

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

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Home facts

  • Year built:1950
  • Listing ID #:MDWO2033400
  • Added:16 day(s) ago
  • Updated:October 03, 2025 at 01:40 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:8
  • Full bathrooms:8
  • Living area:4,002 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Electric, Natural Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1950
  • Building area:4,002 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$462.27
  • Tax amount:$8,827 (2025)

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