#MDWO2029050, Megan Manzari, Listing Office: Cummings & Co Realtors
106 5th St Ocean City, MD 21842
Property details
About 106 5th St
Welcome to this great multi-family property located on 5th st, in downtown Ocean City. The main house offers 4bed 3.5bath with a two-car garage. The cozy kitchen flows seamlessly into the dining and living room area, featuring a gas fireplace which creates an inviting space for relaxation and entertaining. Along with a big balcony off of the living room. This property is within walking distance to the world-famous boardwalk, popular restaurants, shopping, and entertainment, making it perfect for both personal use and as a fantastic rental opportunity. Back building is 2 units featuring 2 bed 1 bath each. Both have been completely gutted and need a total renovation. Tons of rental opportunity. You can either live in the main house and rent the other two apartments or Airbnb the entire property. The main house grosses $50k+ with Airbnb.
Highlights
(ACTIVE)
Summary
- MLS Number: MDWO2029018
- MLS Name: BRIGHT
- Office Name: Coastal Life Realty Group LLC
- Office Phone: (443) 235-8382
- Office Email: joe@coastallifeoc.com
- Listing Agent: Kevin E Decker
- Agent Phone: (443) 235-6552
- Agent Email: kevin@kevindeckeroc.com
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Last updated on: 3/9/2025, 5:23:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,399,900
106 5th St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $696,900 | $9,554 |
2023 | $677,833 | $9,554 |
2022 | $658,767 | $9,039 |
2021 | $639,700 | $9,039 |
2020 | $631,300 | $8,919 |
2019 | $622,900 | $8,861 |
2018 | $614,500 | $8,680 |
2017 | $614,500 | $8,680 |
History based on county public records data.
Nearby schools
10
Ocean City Elementary School
Public District PK-4
1.5 mi
•12828 Center Dr
8
Berlin Intermediate School
Public District 4-6
6.9 mi
•309 Franklin Ave
9
Showell Elementary School
Public District PK-3
6.9 mi
•11318 Showell School Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $103,906. Typical income of Ocean City, MD residents is between $100k-200k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
Living in Ocean City, MD
About 106 5th St
This home is located at 106 5th St in Ocean City, MD and zip code 21842. This 3,796 square foot home, which was built in 2011, sits on a 0.08 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $1,399,900.
While more than 8 listings in Ocean City, MD in February 2025 were sold above asking price, there were more than 8 listings sold at asking price, and more than 35 were sold below. The inventory of homes for sale in Ocean City, MD between January and February 2025 increased by 25.2%. While the average time on the market in February 2025 was 77 days, the median list price was $460,714.