Coastal

11 83RD STREET

OCEAN CITY , MD 21842

MLS#: MDWO2028470

$1,650,000

Status: Closed
Listing number: MDWO2028470
Listing provided by: Coastal Life Realty Group LLC
Listing agent phone: None
Last update: 7 months ago
On site: 8 months ago
Browse Properties
Main image without alt text

Property

Beds

11

Full Baths

None

1/2 Baths

None

Year Built

1959

Sq.Footage

3,840

Welcome to this truly exceptional and rare 12-bedroom multi-family residential listing located just steps from the beach in the highly sought-after midtown Ocean City! The 83rd st ocean block offers an optimal beach experience with minimal density in the surrounding area. The entire property consists of 2 buildings and comprised of 4 units: two 3-bedroom/2 bathroom units, one 2-bedroom/2 bathroom unit, and one 4-bedroom/3.5 bathroom unit. The back building is where you’ll find the two 3-bedroom, 2 bath units boasting with ocean views from each units balconies, the living rooms and great parking. The front building left side unit is a ground level 2-bed 2 bath upgraded apartment with a tenant already paying $1795 a month and is responsible for the electricity bill along with cable/internet. As of 1 April, there is a month-to-month lease in place, requiring 30 days notice for cancellation from either party. Interested buyers could be told that the tenant welcomes a longer term lease. The right unit is a 4 bedroom 3.5 bath house waiting for its next owners finishing touches. Many upgrades made to this entire building within the last 3 years including a complete exterior overhaul. The house features beautiful ocean views from all balconies, living room, two primary bedrooms and a light filled flex room on the top floor where you’ll find a rough in for the half bath and access to the spectacular ocean view wrap around roof top deck. Electrical and plumbing are in place. Owner had electrical put in to support an elevator. Lots of construction material onsite including stair treads, doors, etc. Bathrooms are near completion with marble finishes and a freestanding tub in the primary. The kitchen comes right off the sunny ocean view living room with ample cabinets installed and a space for dining. Come see this property for yourself and all the potential is has to offer. Live in one and rent the rest or rent all four all summer and make an estimated 160-190k in rental income. Situated near local restaurants, shops, and mini golf, providing a fantastic lifestyle for tenants and guests.

Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan

  • Total Bedrooms

    11

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3840.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Other Exterior Features

    Balcony

  • Parking

    Driveway, Parking Lot

  • Patio and Porch Features

    Porch

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.14

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Coastal

Price

  • Sales Price

    $1,650,000

  • Tax Amount

    11378.0

  • Sq. Footage

    3, 840

  • Price/SqFt

    $429

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

WORCESTER

Elementary School

Middle School

High School

Listing Courtesy of Joseph Wilson , Coastal Life Realty Group LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent MarylandSandbox

FOUNDER

MarylandSandbox

Call Maryland today to schedule a private showing.

(980) 000-0000

maryland.sandbox@realhub365.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Welcome to this truly exceptional and rare 12-bedroom multi-family residential listing located just steps from the beach in the highly sought-after midtown Ocean City! The 83rd st ocean block offers an optimal beach experience with minimal density in the surrounding area. The entire property consists of 2 buildings and comprised of 4 units: two 3-bedroom/2 bathroom units, one 2-bedroom/2 bathroom unit, and one 4-bedroom/3.5 bathroom unit. The back building is where you’ll find the two 3-bedroom, 2 bath units boasting with ocean views from each units balconies, the living rooms and great parking. The front building left side unit is a ground level 2-bed 2 bath upgraded apartment with a tenant already paying $1795 a month and is responsible for the electricity bill along with cable/internet. As of 1 April, there is a month-to-month lease in place, requiring 30 days notice for cancellation from either party. Interested buyers could be told that the tenant welcomes a longer term lease. The right unit is a 4 bedroom 3.5 bath house waiting for its next owners finishing touches. Many upgrades made to this entire building within the last 3 years including a complete exterior overhaul. The house features beautiful ocean views from all balconies, living room, two primary bedrooms and a light filled flex room on the top floor where you’ll find a rough in for the half bath and access to the spectacular ocean view wrap around roof top deck. Electrical and plumbing are in place. Owner had electrical put in to support an elevator. Lots of construction material onsite including stair treads, doors, etc. Bathrooms are near completion with marble finishes and a freestanding tub in the primary. The kitchen comes right off the sunny ocean view living room with ample cabinets installed and a space for dining. Come see this property for yourself and all the potential is has to offer. Live in one and rent the rest or rent all four all summer and make an estimated 160-190k in rental income. Situated near local restaurants, shops, and mini golf, providing a fantastic lifestyle for tenants and guests.

11 83RD STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

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. 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.
#MDWO2032146

OCEAN CITY

205 10TH STREET

7 Beds

None Baths

2,744 Sq.Ft.

$1,329,900

MLS#: MDWO2032146

"Lukas Apartments" is located on Saint Louis and 8th Street in downtown Ocean City. Just a block to the bay and a few blocks to the ocean. Views of both bay and ocean from balcony. The property consists of 2 separate buildings. One building is a 4 bedroom 2 bath house. The other building a separate first and second floor unit with 3 bedrooms and 2 baths each. The property has a total of 10 bedrooms and 6 full baths. Many new updates. Sold fully furnished. Winterized. All 3 units have 2 entrances, which gives the option of splitting the 3 current units into 3 additional smaller units.
#MDWO2027126

OCEAN CITY

802 SAINT LOUIS AVENUE

6 Beds

None Baths

3,494 Sq.Ft.

$1,749,999

MLS#: MDWO2027126

Discover a unique chance to own two stunning side-by-side townhouses in the heart of West Ocean City, each offering panoramic views of the Bay and the Ocean City skyline. Whether you’re looking for a multi-generational retreat, a rental income opportunity, or a mix of both—this property delivers. Located just minutes from the beach and surrounded by the area’s best restaurants, boutiques, and attractions, these town homes place you in the center of it all while offering a peaceful waterfront escape. Each home includes:     •    Expansive water views from multiple levels     •    Deeded private boat slip 40, 41 & 43 included in the sale     •    A pontoon boat and jet skis included for your coastal adventures all with under 15 hours Opportunities like this are few and far between—don’t miss your chance to invest in a prime coastal location with endless potential.
#MDWO2030274

OCEAN CITY

12907 SAND BAR LANE

9 Beds

None Baths

6,700 Sq.Ft.

$1,549,000

MLS#: MDWO2030274

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here