$685,000
●
House -
Off Market
8 11TH ST
OCEAN CITY, MD 21842
5 Beds
4 Baths,
2
Half Baths
1,676 Ft²
$821,321
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model
About This Property
REDUCED AND READY FOR YOU TO MAKE BEACH MEMORIES!
Quintessential beach cottage with two separate apartments.
Only 3 homes off the ocean in downtown Ocean City. An
ideal opportunity -- use as is, remodel or tear down and build new.
It's up to you. The first floor unit offers 3 bedrooms
plus a sleeping nook/den, 1.5 baths, knotty pine wide plank floors,
efficient kitchen and screened front porch. The second floor
unit offers 2 bedrooms, a sleeping nook/den, 1.5 baths,
efficient kitchen, fireplace and an enclosed front porch with views
of the ocean. Both units being sold furnished. Imagine
yourself listening to the rolling waves lull you to sleep, relaxing
on the pristine sandy beach, walking the famous Ocean City
Boardwalk, taking a leisurely stroll out for dinner to one of the
many fine restaurants the area has to offer. You'll
also find exciting water sports, amusements, and nearby shopping
and casino.
Unit Size
1,676 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$465
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1930
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (Bright MLS #MDWO2002606)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 3, 2022 | Sold | ||
| Sold | |||
| Sep 21, 2021 | Listed by Coldwell Banker Realty | $780,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ocean City
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Listed by: JOYCE HENDERSON
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDWO2002606
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Coldwell Banker Realty
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# MDWO2002606
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