Ideally located on 40th Street, this charming 1 bedroom, 1 bath condo with offers comfort and strong investment potential. Just a short walk from the Ocean City Convention Center and the beach, this property is perfect for Renter Investment and Family Investment! Central A/C and Heat. Close to main entertainment attractions! This condo brought in over $20,000 in rental income last year, making it an excellent opportunity for investors. Whether you're looking for a vacation getaway, rental property, or both, this condo checks all the boxes!
For sale
Price cut: $29K (7/16)
$199,999
13 40th St Unit 7, Ocean City, MD 21842
1beds
416sqft
:
Get pre-qualified$1,543/mo
Condominium
Built in 1959
-- sqft lot
$218,300 Zestimate®
$481/sqft
$131/mo HOA
What's special
- 77 days |
- 730 |
- 43 |
Zillow last checked:
Listing updated:
Listed by:
The Davis Strategic Team Davis 410-677-0909,
Keller Williams Realty Delmarva (410) 524-6400,
Listing Team: The Davis Strategic Team, Co-Listing Agent: Erik Burch 410-253-7616,
Keller Williams Realty Delmarva
Source: Bright MLS,MLS#: MDWO2037466
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Electric, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Microwave, Dishwasher, Oven/Range - Gas, Refrigerator, Instant Hot Water
- Laundry: Shared
Features
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall,No One Above
Interior area
- Total structure area: 416
- Total interior livable area: 416 sqft
- Finished area above ground: 416
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Parking Lot
Accessibility
- Accessibility features: Other
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Waterfront features: Ocean
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 2410238218
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Other
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $394 quarterly
- Subdivision: None Available
HOA
- Has HOA: No
- Amenities included: None
- Services included: Insurance, Management, Reserve Funds
Location
- Region: Ocean City
- Municipality: Ocean City
Financial & listing details
- Price per square foot: $481/sqft
- Tax assessed value: $116,400
- Annual tax amount: $1,481
- Date on market: 5/7/2026
- Listing agreement: Exclusive Right To Sell
- Inclusions: Fully Furnished Unit
- Ownership: Condominium
- Total actual rent: 20000
Estimated market value
$218,300
$207,000 - $229,000
$1,503/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Price change | $199,999-12.7%$481/sqft |
Source:  Bright MLS #MDWO2037466 Report a problem | ||
| 5/7/2026 | Listed for sale | $229,000+281.7%$550/sqft |
Source: Bright MLS #MDWO2037466 Report a problem | ||
| 11/18/2011 | Sold | $60,000$144/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,481 +6% | $108,100 +8.3% |
| 2024 | $1,397 +8.3% | $99,800 +9.1% |
| 2023 | $1,290 | $91,500 |
| 2022 | $1,290 -0.2% | $91,500 |
| 2021 | $1,293 | $91,500 |
| 2020 | $1,293 +3.7% | $91,500 |
| 2019 | $1,246 +5.4% | $91,500 +9.3% |
| 2018 | $1,182 +4.9% | $83,700 +4.9% |
| 2017 | $1,127 -21.6% | $79,800 +7.5% |
| 2016 | $1,438 | $74,267 +8.1% |
| 2015 | $1,438 | $68,733 +8.8% |
| 2014 | $1,438 | $63,200 |
| 2013 | -- | $63,200 |
| 2012 | -- | $63,200 -47.2% |
| 2011 | -- | $119,800 |
| 2010 | -- | $119,800 |
| 2009 | -- | $119,800 -20% |
| 2008 | -- | $149,760 +25% |
| 2007 | -- | $119,806 +33.3% |
| 2006 | -- | $89,853 +50% |
| 2005 | -- | $59,900 +8.4% |
| 2004 | -- | $55,266 +9.2% |
| 2003 | -- | $50,633 +10.1% |
| 2002 | -- | $46,000 |
| 2001 | -- | $46,000 |
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: Midtown
Nearby schools
GreatSchools rating
- 10/10Ocean City Elementary SchoolGrades: PK-4Distance: 2.4 mi
- 10/10Stephen Decatur Middle SchoolGrades: 7-8Distance: 6.9 mi
- 7/10Stephen Decatur High SchoolGrades: 9-12Distance: 6.7 mi
Schools provided by the listing agent
- 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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