$1,409,900

Huge Price Drop This bayfront, income-producing multi-unit property on 75th Street in Ocean City, MD presents a rare opportunity to own a unique compound overlooking Assawoman Bay. Situated on two parcels, Tax ID #2410086868 and Tax ID #2410086841, the property includes three separate buildings offering exceptional water views from each… Read More structure and strong rental performance potential. The complex consists of one two-bedroom house, two three-bedroom units, and one four-bedroom unit, totaling twelve bedrooms and nine full bathrooms. Each unit is designed to maximize views and functionality, creating an ideal setup for vacation rentals, multi-generational use, or a private waterfront retreat. The property has been substantially improved with a new roof and new siding on two of the three buildings, raised foundations, extensive interior renovations, and the addition of a storage unit, making this a turnkey opportunity with reduced future capital needs. Unit A offers three bedrooms and two bathrooms, sleeps up to ten guests, features central air conditioning, and showcases excellent bay views. Unit B includes two bedrooms and one bathroom with wall air conditioning and baseboard heat and presents a clear value-add opportunity for future redevelopment on the existing raised foundation. Unit C features a large updated kitchen, four spacious bedrooms, three full bathrooms, central air and heat, and expansive bay views, comfortably sleeping up to twelve guests. Unit D has been nicely updated with granite countertops, large bedrooms and bathrooms, three bedrooms and three full baths, central air conditioning, excellent water views, and sleeps up to ten. All units are furnished in a coastal style and include laminate flooring, updated countertops, large flat-screen televisions, refrigerators, and microwaves. The property also features a community washer and dryer on site, an outdoor shower, on-site storage, and a large driveway with thirteen off-street parking spaces, allowing guests to park once and walk to nearby midtown shops, restaurants, and the beach. Located just blocks from the ocean with direct bay access only steps away for paddleboarding or kayaking, this property delivers both the lifestyle renters seek and the income investors value. With large decks, stunning bay sunsets, and a flexible multi-building layout, this is a rare midtown Ocean City waterfront compound offering immediate income and long-term upside. Professional photos to follow. Read Less

Courtesy of Spike Sands, Berkshire Hathaway HomeServices PenFed Realty - OP 410-208-3500

Listing Snapshot

Days Online

273

Last Updated

Oct 16, 2026

Property Type

Other

Square Ft.

4,048

Lot Size

0.3 Acres

Year Built

1985

MLS Number

MDWO2035604

Additional Details

Appliances & Equipment

Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater

Building

Built in 1985, Built in 2021 (effective), Living area: 4048, Construction Materials: Frame

Cooling

Central A/C

Accessibility Features

None

Exterior Features

Patio/Porch Features: Deck(s), Porch(es), BBQ Grill, Exterior Lighting

Floors

Luxury Vinyl Plank

Foundation

Block, Crawl Space

Heating

Heat Pump(s)

Interior Features

Additional Stairway, Attic, Bathroom - Walk-In Shower, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Kitchen - Table Space, Primary Bedroom - Bay Front, Recessed Lighting, Upgraded Countertops

Lot

0.3 acres, Dimensions: 0.00 x 0.00

Parking

Crushed Stone, Free, Private

Property

Other structures: Above Grade, Below Grade, Bay

Roof

Architectural Shingle

Sewer

Public Sewer

Taxes

Annual Amount: $8,900, Lot: 14, Year: 2025, Zoning: R-2

Utilities

Cable TV Available, Water Source: Public, Circuit Breakers

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

112 / 114 75TH STREET

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send