Patterson-Schwartz Real Estate406 14Th Street, Ocean City, MD 21842-7661 $1,299,000
Interior Sq. Ft: 4,605
Acreage: 0.1
Age:65 years
Taxes: $6,074
Design/Type:
Detached
Description
This well-maintained four-unit property offers updated systems, modern amenities, and excellent rental potential. Unit 1, located on the first floor at the front of the building, features three bedrooms—two with queen beds and one with a twin bed—along with a brand-new gas tankless water heater, gas forced-air heat, and window unit air conditioning. Unit 2 is a unique two-level layout connected by a spiral staircase, with a queen bedroom upstairs, kitchen on the lower level, electric baseboard heat, and window unit cooling. The owner’s Unit 4 occupies the second-floor front and boasts two queen bedrooms, a large side deck with an electric awning, an updated kitchen with stainless steel appliances, central air with a heat pump, and a new water heater installed in 2025. Unit 5, at the rear of the second floor, includes two queen bedrooms, baseboard heat, and window unit A/C, with private access via the east-side steps beside the two-car garage. The property provides six off-street parking spaces—alongside the building, in front of the garage, and beneath the west-side deck—plus additional street parking. Guests also enjoy access to two shared laundry rooms, and the building is supported by a roof replaced in 2014. This versatile setup makes the property appealing for both owner-occupants and investors seeking strong rental income.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Heat Pump(s), Electric, Natural Gas, Central A/C, Electric, Hot Water - Electric, Instant Hot Water, Public Water, Public Sewer, Natural Gas Available, Sewer Available
Garage/Parking
Attached Garage, Garage - Side Entry, Attached Garage Spaces #: 2;
Interior
Carpet Flooring, Vinyl Flooring
Exterior
Block Foundation, Brick Exterior
Lot
US Highway/Interstate
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (1 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Ocean City Elementary | Worcester County Public Schools | Preschool–4 | Ocean City | 1.31 mi |
Private (1 schools)
| School | Grades | Place | Distance | |
|---|---|---|---|---|
| Seaside Christian Academy | Christian (no specific denomination) | Preschool–12 | Ocean City | 1.43 mi |
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This report is a detailed community overview for Ocean City (21842), Maryland.
Community Quick Facts
- Average travel time to work for people in this community: 21
- Average salary of people in this community: $46,876
Community Summary
- Population Density (ppl / mile): 683
- Household Size (ppl): 2.04
- Households w/ Children: 22%
Housing Inventory
- Owned: 3,625 (11.1%)
- Rented: 1,559 (4.8%)
- Vacant: 27,482 (84.1%)
- Total: 32,666
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.8%
- Some High School: 5.5%
- High School Graduate: 28.9%
- Some College: 22.0%
- Associate Degree: 8.5%
- Bachelor's Degree: 21.3%
- Graduate Degree: 10.9%
Income by dollar range
Median Income: $55,064
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $713
- One Bedroom: $830
- Two Bedroom: $1,105
- Three Bedroom: $1,412
- Four Bedroom: $3,501
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
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or call me now at 302-529-2601
Listing Courtesy of: Keller Williams Realty Delmarva , (410) 524-6400, lwbunting@comcast.net
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 in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 9/28/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
