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Linda Moran
BHHS PenFed Realty
9748 Stephen Decatur Highway - Unit 109

Ocean City, MD 21842
Phone: (443) 614-2261

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Listing 4 out of 992
$699,000 For Sale

10 87th Street #U1-U5
Ocean City, MD 21842

Multi Family Home
5227 sq ft - MLS# 1001799570
Property Photo


Five unit apartment building located on the oceanblock a short distance to the beach. All units are 1 bedroom / 1 full bath. Two apartments located on the first floor and two located on the second floor are 504 square feet each. The third floor apartment is 756 square feet. Three of the units have been renovated. There are year round tenants in four units with consistent rental income. Property is zoned R-3. Determination of Non-Conformity is in progress with the Town of Ocean City to determine that the existing building could be rebuilt with the same amount of units. Architectural renderings designed by the Seller in the listing photos show potential rebuild option.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Worcester County
  • Zip Code: 21842
  • Year Built: 1960
  • Subdivision/Neighborhood: Available
  • School District: Worcester County Public Schools
  • Elementary School: Ocean City
  • Middle School: Stephen Decatur
  • High School: Stephen Decatur
  • Sq.Ft.: 2,772 sq ft
  • Lot Size: 5227 sq ft
  • View: Ocean, Water
  • Zoning: R-3
  • # of Parking Spaces Included: 3+ Car Parking
  • Above Grade Fin SQFT: 2,772
  • Above Grade Fin SQFT Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Appliances: Dishwasher, Disposal, Dryer, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Stove, Washer, Water Heater
  • Building Area Units: Square Feet
  • Building Features: Refrigerator(s), Refrigerator(s), Oven/Range(s)
  • Building Level Count: 3
  • Building Name: Coral Mist
  • Building Total SQFT: 2,772
  • Building Total SQFT Source: Estimated
  • Building Units Total: 1
  • Clear Span Ceiling Height: Under 8'
  • Construction Materials: Vinyl Siding, Stick Built
  • Cooling: Electric
  • Cooling Type: Window Unit(s)
  • Directions: Oceanside 87th Street. North side of street. Corner of the alley.
  • Exclusions: Personal items of tenants
  • Federal Flood Insurance: Yes
  • Federal Flood Zone: X
  • Flooring Type: Carpet, Other
  • Foundation Details: Block
  • Gross Income: $36600.00
  • Gross Scheduled Income: 45600.00
  • Heating: Electric
  • Heating Type: Baseboard
  • Heating Y/N: Yes
  • Hot Water: Electric
  • Improvements: Above Grade
  • Inclusions: Property to convey as shown.
  • Interior Features: Skylight(s), CeilngFan(s), Carpet
  • Location Type: Corner Lot/Unit
  • Lot Dimensions: 60x80
  • Lot Dimensions Source: Assessor
  • Lot Features: Cleared
  • Lot SQFT: 5,220
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • Main Entrance Orientation: South
  • Metering: Fully Separate
  • Municipality: OCEAN CITY
  • Net SQFT: 2,772
  • Number Of Units Vacant: 1
  • One Bedroom Units Count: 5
  • Original Listing ID: 517150
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
  • Owner Pays: Insurance, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water, Common Area Maintenance, Lawn/Shrub Care
  • Ownership Interest: Fee Simple
  • Parking Features: Unpaved
  • Photo Option: Lister Will Upload All
  • Road Frontage Length: 60
  • Road Responsibility: Public
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • Sewer Septic: Public Sewer
  • Soil Types: Sandy
  • Tenant Pays: Utilities - All, Cable TV, Electricity, Heat
  • Total Finished SQFT: 2,772
  • Total Finished SQFT Source: Estimated
  • Total Garage and Parking Spaces: 5
  • Total Non-Garage Parking Spaces: 5
  • Total SQFT Source: Estimated
  • Type Of Parking: Off Street
  • Units Furnished: All
  • Units Leased Count: 4
  • Utilities: Cable TV
  • Water Sewer Expense: 506.00
  • Water Source: Public
  • Window Features: Skylights, Screens
  • Year Built Source: Estimated
  • Zoning Dscrp: Residential
Courtesy of Condominium Realty, Ltd

Linda Moran | 443-614-2261 | Contact Me
9748 Stephen Decatur Highway, Unit 109 - Ocean City, MD 21842
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