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.
For sale
$1,300,000
106 Philadelphia Ave, Ocean City, MD 21842
4beds
2,080sqft
Single Family Residence
Built in 1930
3,275 Square Feet Lot
$1,210,100 Zestimate®
$625/sqft
$-- HOA
What's special
Ceiling fansFlexible multi-level layout
- 72 days
- 336
- 13
Zillow last checked:
Listing updated:
Listed by:
Shawn Kotwica 724-840-0572,
Coldwell Banker Realty 4438562211
Source: Bright MLS,MLS#: MDWO2040236
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Ceiling Fan(s), Window Unit(s), Electric
Appliances
- Included: Microwave, Dryer, Oven/Range - Electric, Washer, Water Heater, Electric Water Heater
- Laundry: Dryer In Unit, Lower Level, Washer In Unit
Features
- Attic, 2nd Kitchen, Ceiling Fan(s), Entry Level Bedroom, Family Room Off Kitchen
- Flooring: Carpet
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,080
- Total interior livable area: 2,080 sqft
- Finished area above ground: 2,080
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 3,275 Square Feet
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410030072
- Zoning: C-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $625/sqft
- Tax assessed value: $212,400
- Annual tax amount: $3,022
- Date on market: 8/1/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Estimated market value
$1,210,100
$1.15M - $1.27M
$3,138/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2026 | Listed for sale | $1,300,000-7.1%$625/sqft |
Source:  Bright MLS #MDWO2040184 Report a problem | ||
| 10/1/2023 | Listing removed | $1,400,000$673/sqft |
Source: Bright MLS #MDWO2012586 Report a problem | ||
| 2/25/2023 | Listed for sale | $1,400,000+5.7%$673/sqft |
Source: Bright MLS #MDWO2012586 Report a problem | ||
| 11/19/2022 | Listing removed | $1,325,000$637/sqft |
Source: Bright MLS #MDWO2009524 Report a problem | ||
| 8/4/2022 | Listed for sale | $1,325,000+230.4%$637/sqft |
Source: Bright MLS #MDWO2009524 Report a problem | ||
| 8/26/2020 | Sold | $401,000+2.8%$193/sqft |
Source: Public Record Report a problem | ||
| 7/25/2020 | Pending sale | $390,000$188/sqft |
Source: Keller Williams Select Realtors #MDWO115124 Report a problem | ||
| 7/14/2020 | Listed for sale | $390,000+8.6%$188/sqft |
Source: Keller Williams Select Realtors #MDWO115124 Report a problem | ||
| 1/5/2013 | Listing removed | $359,000$173/sqft |
Source: Prudential PenFed Realty #456589 Report a problem | ||
| 1/12/2012 | Listed for sale | $359,000-10%$173/sqft |
Source: Prudential PenFed Realty #456589 Report a problem | ||
| 12/3/2011 | Listing removed | $399,000$192/sqft |
Source: Prudential PenFed Realty #456589 Report a problem | ||
| 12/4/2010 | Listed for sale | $399,000-11.1%$192/sqft |
Source: Prudential Carruthers #456589 Report a problem | ||
| 9/19/2009 | Price change | $449,000-10%$216/sqft |
Source: Prudential Carruthers REALTORS #456589 Report a problem | ||
| 6/27/2009 | Listed for sale | $499,000$240/sqft |
Source: Prudential Carruthers (West Ocean City) #456589 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $8,009 +14.5% | $589,100 +15.3% |
| 2025 | $6,998 +15.5% | $510,933 +18.1% |
| 2024 | $6,057 +21.2% | $432,767 +22% |
| 2023 | $4,998 +15.4% | $354,600 |
| 2022 | $4,330 +18% | $354,600 +36.5% |
| 2021 | $3,671 +22.3% | $259,800 +22.3% |
| 2020 | $3,001 +9.4% | $212,400 |
| 2019 | $2,742 +12.1% | $212,400 +22.7% |
| 2018 | $2,446 +12.8% | $173,133 +12.8% |
| 2017 | $2,167 -33.8% | $153,500 +0.5% |
| 2016 | $3,275 | $152,700 +0.5% |
| 2015 | $3,275 | $151,900 +0.5% |
| 2014 | $3,275 | $151,100 |
| 2013 | -- | $151,100 |
| 2012 | -- | $151,100 -44.6% |
| 2011 | -- | $272,950 |
| 2010 | -- | $272,950 |
| 2009 | -- | $272,950 -56.5% |
| 2008 | -- | $628,130 +31.7% |
| 2007 | -- | $476,980 +46.4% |
| 2006 | -- | $325,830 +86.5% |
| 2005 | -- | $174,680 +14.9% |
| 2004 | -- | $152,086 +17.4% |
| 2003 | -- | $129,493 +21.1% |
| 2002 | -- | $106,900 |
| 2001 | -- | $106,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Boardwalk/Inlet
Nearby schools
Schools provided by the listing agent
- High: Stephen Decatur
- District: Worcester County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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