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304 15th St , Ocean City, MD 21842
$1,099,900
Est. Payment: $5,854.13/mo
5 Bed
4 Bath
2532 Sqft
0.13 Acres
Status: active | Days on site: 198
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107SRG - 3256091
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House Description

HUGE PRICE IMPROVEMENT!! Exceptional opportunity to own a waterfront 2-unit property in the heart of Ocean City with 2 private boat slips and strong appeal for investors, second-home buyers, or those seeking flexible multi-generational use. Comprised of a 3BR/3BA first-floor unit and a 2BR/1BA second-floor unit, this renovated R-2 property offers versatility for short-term rental, seasonal use, annual rental, or owner-occupied income-producing use. NEW Washers and dryers and HVAC systems in both units as of August 2026. The detached garage may offer potential for conversion to additional living space, subject to zoning requirements and approvals. In addition to the 2 private boat slips, highlights include canal and bay views, private entrances, enclosed porch/sunroom areas, private garage, and extensive recent improvements. A private deck on the lower unit overlooks the water and fenced-in yard. Inside, both kitchens have been recently renovated, along with new LVP flooring, lighting fixtures, paint, and updated furniture, including an original Ocean City Boardwalk board dining table. Located within walking distance to the beach, boardwalk, dining, shopping, and entertainment, this is a rare chance to market a true multi-family waterfront asset in a prime Ocean City location. With over $110,000 rental income, this is a rare chance to own a versatile waterfront property in with built-in flexibility and long-term value.

Highlights

Listed by Brittani Phillips , 4435045281 ERA Martin Associates, Shamrock Division , 4106415000. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.13

Year Built

1956

County

Worcester

Area

Bayside Waterfront (84)

Neighborhood

Neptune Development

School District

Worcester County Public Schools

Listing ID

MDWO2037804

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Air Cond:Central A/C,Wall Unit
Fireplaces:
Floor:Carpet,Ceramic Tile,Hardwood,Luxury Vinyl Plank
Above Ground Sq Ft:2532
Other:
  • ▪ Additional:2nd Kitchen, Attic, Carpet, Ceiling Fan(s), Chair Railings, Crown Moldings, Dining Area, Entry Level Bedroom, Kitchen - Table Space, Pantry, Recessed Lighting, Upgraded Countertops, Window Treatments
Water:Public

Exterior Features

Lot:Bulkheaded,Fishing Available,Not New Construction,Horse Property: No,Waterfront,In City Limits
Garage Capacity:1
Zoning:R-2
Roof:Architectural Shingle
Others:
  • ▪ Additional:BBQ Grill, Exterior Lighting, Flood Lights, Gutter System, Secure Storage, Very Good
Sewer:Public Sewer
Parking Features:Concrete Driveway,Private,Additional Storage Area,Garage - Side Entry,Detached Garage,Driveway,Off Street,On Street,1+ Spaces
Principal Interest
$5,854
Taxes
$779

Home Price

$1,099,900

Loan Details

30 yrs
7%

Down Payment

20%
$219,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,854.13

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,854.13 $779.25 $0.00 $6,633.38
Yearly $70,249.56 $9,351.00 $0.00 $79,600.56
Total $2,107,486.70 $280,530.00 $0.00 $2,388,016.70
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Ocean City, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS