406 14th St, Ocean City, MD 21842

Property Description

This well-maintained four-unit property offers updated systems, modern amenities, and excellent rental potential. Local Rental Company estimates $122,000 potential seasonal rental income. Unit 1, located on the first floor at the front of the building, features three bedrooms—two with queen beds and one with a twin bed—along with a brand-new gas tankless water heater, gas forced-air heat, and window unit air conditioning. Unit 2 is a unique two-level layout connected by a spiral staircase, with a queen bedroom upstairs, kitchen on the lower level, electric baseboard heat, and window unit cooling. The owner’s Unit 4 occupies the second-floor front and boasts two queen bedrooms, a large side deck with an electric awning, an updated kitchen with stainless steel appliances, central air with a heat pump, and a new water heater installed in 2025. Unit 5, at the rear of the second floor, includes two queen bedrooms, baseboard heat, and window unit A/C, with private access via the east-side steps beside the two-car garage. The property provides six off-street parking spaces—alongside the building, in front of the garage, and beneath the west-side deck—plus additional street parking. Guests also enjoy access to two shared laundry rooms, and the building is supported by a roof replaced in 2014. This versatile setup makes the property appealing for both owner-occupants and investors seeking strong rental income.