509 511 N Baltimore Avenue

Ocean City, MD
$ 1,399,000 Beds 17 Baths 0
Monthly Estimate* How much can I afford?

J1 Students just approved to come back for 2021. Paying 1500-2000 per bed A great way to get your feet wet in the rental business. An investors dream in an unbeatable location, properties like this are few and far in between! Operate as is with over $200,000 in income or redevelop as you see fit. Two adjoining lots (Tax ID: 10-0322725 and 10-032709) consisting of 3 historic buildings with a total of 8 units. Located between 5th and 6th streets on Baltimore Ave just 1 short block from the beach and boardwalk in Downtown Ocean City. 509 Baltimore Ave consists of a 4-plex with 4 identical 3 bedroom 2 bath units each set up to sleep up to 10. Behind that sits a small duplex with an efficiency on the first floor and a 1 bedroom on the second. Next door 511 Baltimore is a duplex with 3 bedroom 1.5 bath unit on 1st floor and large 4 bedroom 2 bath unit on the 2nd and 3rd floors. All units have updated kitchens and baths and great front porches. Total of 13 parking spaces between the two lots. Sold as-is, fully furnished, and ready to hit the ground running in 2021.

Multi-Family

  • Price
  • $ 1,399,000
  • Lot Size
  • 6,970 SqFt
  • Bedrooms
  • 17
  • Full Bathrooms
  • 0
  • Year Built
  • 1935
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • Taxes
  • 9334
  • County
  • WORCESTER
  • Style
  • Coastal
  • Area
  • Bayside Interior
  • MLS#
  • MDWO118186
  • Zip
  • 21842
Listing Provided by: Berkshire Hathaway HomeServices PenFed Realty - OP

Features

General

Accessibility None
Appliances Cooktop, Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator
Architectural Style Coastal
Construction Materials Aluminum Siding, Asphalt, Concrete, Stick Built, Wood Siding
Cool Fuel Electric
Cooling Central A/C, Window Unit(s)
County WORCESTER
Elementary School OCEAN CITY
Exterior Features Boat Storage, Outbuilding(s), Outside Shower, Play Area, Sidewalks, Street Lights
Flooring Hardwood, Ceramic Tile
Garage Y/N No
Heating Heat Pump(s), Wall Unit, Central
High School STEPHEN DECATUR
High School District WORCESTER COUNTY PUBLIC SCHOOLS
Interior Features 2nd Kitchen, Additional Stairway, Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Family Room Off Kitchen, Floor Plan - Traditional, Wood Floors
Location Type Oceanside
MLS Area Bayside Interior (83)
Middle/Junior High School STEPHEN DECATUR
New Construction No
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Parking Features Gravel Driveway, Private
Patio/Porch Features Balconies- Multiple
Possession Immediate
Price Per Sq Ft 186.33
Property SubType Other
Property Type Multi-Family
Real Estate Owned Y/N No
Roof Architectural Shingle
Sewer Public Sewer
Single Room Units Count 1
Structure Type Other
Tax Annual Amount 9334.0
Tax Lot 10
Tax Year 2020
Total Units 4
Two Bedroom 2
Utilities Cable TV, Electric Available
Vacation Rental Y/N No
View City
Water Access Y/N No
Zoning R-3A

Interior Features

Basement Y/N No
Central Air Y/N Yes
Furnished Units All
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 7508
Three Bedroom Units Count 4
Total Rooms 38
Window Features Insulated, Wood Frame

Exterior Features

Foundation Details Crawl Space
Inclusions Sold as shown AS IS
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.16
Lot Size Source Assessor
Lot Size Square Feet 7100.00
Navigable Water Y/N No
Pool Y/N No Pool
Total Parking Spaces 13
Type of Parking Driveway, Off Site, On Street, Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Bethesda, MD office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Ocean City Elementary School
Middle School Stephen Decatur Middle School
High School Stephen Decatur High School

Price History

11/20/2020 Listed $1,399,000

Property vs Zip Code Average in 21842

Price
AVG $870K
$1.4M
Taxes
AVG $7,231
$9,334
Visits
AVG 40
39
Year Built
AVG 1965
1935
Walkscore
AVG 48
63
Data Provided by Walkscore ® not using MLS data

Map

509 511 N Baltimore Avenue Ocean City, MD is a Single Family Home for sale at $1399000 and a lot size of 6,970 SqFt Acre(s). 509 511 N Baltimore Avenue Ocean City has 17 bedrooms, 0 baths and was built in 1935. The property's zip code is 21842 which is in Ocean City, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.