For SaleNeutral Deal420 days on market
205 10th St
205 10th St, Ocean City, MD 21842, Ocean City, MD 21842
$839,900
Estimate®:$762,100
Listing Price
205 10th St, Ocean City, MD 21842
Loc: Ocean City, MD
Days Listed
420
Tax Assessed
$482k
Estimate®
$762k
Market Rate
Lot Size
0.31 acres
Type
multi family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Ocean City Elementary School
PK-4
1.4 mi away
10
Stephen Decatur Middle School
7-8
5.9 mi away
7
Stephen Decatur High School
9-12
5.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Quadruplex1950Wall Unit, Baseboard, Natural Gas, ElectricDuctless, Ceiling Fan(s), Window Unit(s), Natural Gas, ElectricOpen Parking420 Days$306
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.32%
Total ROI
96.3%
Cash Flow
$67/mo
DSCR
1.02
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $67/mo net cash flow with a 6.3% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.3%)
- • Strong rental demand in Ocean City
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-01 | Price change | $839,900 | $306 |
| 2025-08-01 | Listed for sale | $1,329,900 | $485 |
| 2025-04-01 | Listing removed | $2,499,000 | $911 |
| 2025-02-06 | Price change | $2,499,000 | $911 |
| 2024-10-16 | Listed for sale | $2,650,000 | $966 |
| 2012-07-17 | Sold | $216,199 | $79 |
| 2012-05-23 | Price change | $245,900 | $90 |
| 2012-04-26 | Price change | $255,000 | $93 |
| 2012-04-02 | Price change | $265,000 | $97 |
| 2012-03-07 | Price change | $275,000 | $100 |
| 2012-02-08 | Price change | $285,000 | $104 |
| 2012-01-13 | Listed for sale | $295,000 | $108 |
| 2011-06-27 | Sold | $485,000 | $177 |
| 2006-04-28 | Sold | $469,900 | $171 |
| 1996-10-07 | Sold | $130,000 | $47 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $7,598.54 | $554,800 |
| 2024 | $6,743.27 | $481,800 |
| 2023 | $5,762.44 | $408,800 |
| 2022 | $5,274.72 | $408,800 |
| 2021 | $4,798.21 | $339,600 |
| 2020 | $4,309.35 | $305,000 |
| 2019 | $4,188.13 | $305,000 |
| 2018 | $4,008.96 | $283,800 |
| 2017 | $3,857.58 | $273,200 |
| 2016 | $5,790.6 | $273,200 |
| 2015 | $5,790.6 | $273,200 |
| 2014 | $5,790.6 | $315,000 |
| 2013 | $0 | $459,700 |
| 2012 | $0 | $459,700 |
| 2011 | $0 | $482,500 |
| 2010 | $0 | $472,432 |
| 2009 | $0 | $462,316 |
| 2008 | $0 | $452,200 |
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