Prime Downtown Ocean City Investment Opportunity – 106 Philadelphia Avenue
Unlock exceptional income potential in the heart of downtown Ocean City with this versatile 4-bedroom, 3-bath single-family home at 106 Philadelphia Avenue. Built in 1930 and offering approximately 2,080 square feet of living space on a 3,275-square-foot lot, this property sits just two blocks from the beach and two blocks from the bay—placing you steps from the Boardwalk, restaurants, shops, nightlife, and the best of coastal living.
What sets this property apart is its flexible multi-level layout designed for maximum rental returns or hybrid owner-occupant use. Each floor features its own bedrooms, full baths, and kitchen, along with independent front and rear entries. Live in one level while renting the other, or operate the entire home as a high-demand short-term vacation rental or steady year-round investment. The attic provides additional conversion potential for even more living or rental space.
With parking for up to four vehicles, ceiling fans, and essential appliances including washer, dryer, range/oven, and microwave, the home is ready for immediate use. Whether you’re seeking a primary residence that generates supplemental income, a pure investment property, or a combination of both, 106 Philadelphia Avenue delivers strong income-producing potential in one of Ocean City’s most desirable downtown locations.Don’t miss this rare opportunity to own a flexible, cash-flow-friendly property in the heart of Ocean City.
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Listing Snapshot
Price
$1,300,000
Days On Site
46 Days
Bedrooms
1
Inside Area (SqFt)
2,080 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.08 Acres
Year Built
1930
MLS® Number
MDWO2040184
Status
Active
Property Tax
$8,009.41
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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Recent Activity
a month ago
Status changed to Active
a month ago
Listing updated with changes from the MLS®
2 months ago
Listing first seen on site
General Features
Acres
0.08
Parking
Off Street
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2080
SqFt Total
2080
Style
Other
Water Source
Public
Zoning
C-1
Interior Features
Appliances
Electric RangeElectric OvenElectric Water HeaterDryerWasherWater HeaterMicrowave
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