11 83Rd Street, Ocean City, MD 21842-8473 $1,650,000
Coming Soon
Interior Sq. Ft: 3,840
Acreage: 0.14
Age:66 years
Taxes: $11,378
Design/Type:
Other
Description
Welcome to this truly exceptional and rare 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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Heat Pump(s), Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Driveway, Parking Lot
Interior
Floor Plan - Open
Exterior
Balcony, Porch(es)
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Ocean City Elementary | Worcester County Public Schools | Preschool–4 | Ocean City | 4.54 mi |
Private (1 schools)
| School | Grades | Place | Distance | |
|---|---|---|---|---|
| Seaside Christian Academy | Christian (no specific denomination) | Preschool–12 | Ocean City | 4.9 mi |
© 2025 LiveBy. All Rights Reserved.
This report is a detailed community overview for Ocean City (21842), Maryland.
Community Quick Facts
- Average travel time to work for people in this community: 21
- Average salary of people in this community: $46,876
Community Summary
- Population Density (ppl / mile): 683
- Household Size (ppl): 2.04
- Households w/ Children: 22%
Housing Inventory
- Owned: 3,625 (11.1%)
- Rented: 1,559 (4.8%)
- Vacant: 27,482 (84.1%)
- Total: 32,666
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.8%
- Some High School: 5.5%
- High School Graduate: 28.9%
- Some College: 22.0%
- Associate Degree: 8.5%
- Bachelor's Degree: 21.3%
- Graduate Degree: 10.9%
Income by dollar range
Median Income: $55,064
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $713
- One Bedroom: $830
- Two Bedroom: $1,105
- Three Bedroom: $1,412
- Four Bedroom: $3,501
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-239-8919
Listing Courtesy of: Coastal Life Realty Group LLC , (443) 235-8382, joe@coastallifeoc.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 2/12/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
