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$229,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 416 Sq. Ft.
  • Updated 7 days ago
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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!

Full Property Details for 13 40th St #7

General

  • Price: $229,000
  • HOA FEE: $131/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $1,481 (2025)
  • Status: Active
  • Type: Condo
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWO2037466
  • Updated: 5/7/2026
  • Added to Site: 7 day(s) ago

Interior

  • Appliances: Built-In Microwave, Dishwasher, Oven/Range - Gas, Refrigerator
  • Furnished: Yes

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedrooms Main & Up: 1

Other Rooms

  • Laundry: Shared

Additional Information

  • Shared Amenities: None

Parking

  • Total Spaces: 1
  • Parking Type: Parking Lot

Location

  • Area: Ocean Block (82)
  • Municipality: Ocean City
  • County: WORCESTER
  • Building Name: Olympic
  • Driving Directions: Located across from the Ocean City Convention Center
  • City Limits: Yes

School Information

  • School District: Worcester County Public Schools

Community

  • Assoc. Fees Include: Insurance, Management, Reserve Funds
  • Pets Allowed: Yes
  • Pets: No Pet Restrictions

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Hot Water & Baseboard - Electric
  • Heating Fuel: Natural Gas
  • Water Heater: Instant Hot Water

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Unit/Flat
  • Structure Type: Garden 1 - 4 Floors
  • Construction: Other
  • Common Walls: 1 Common Wall, No One Above
  • Entry Floor Number: 2
  • Stories Description: Main
  • Square Feet: 416
  • Sq. Ft. Source: Assessor
  • Living Area: 416 Sq. Ft.
  • Finished Above Grnd: 416 Sq. Ft.
  • Year Built: 1959
  • Year Built Source: Assessor

Unit Information

  • Unit Floor in Bldg.: 1

Lot Features

  • Zoning: R-3

Water Features

  • Water Front Type: Ocean

Financial Considerations

  • Price Per Sq. Ft.: $550.48
  • Condo Fee: $393
  • Condo Fee Freq: Quarterly
  • Assessment Year: 2026
  • City/TownTax: $478
  • City/TownTax Freq: Annually
  • County Tax: $881
  • County Tax Freq: Annually
  • Tax w/Assessment: $116,400
  • Tax Amount: $1,481
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 416

Disclosures and Reports

  • Ownership: Condominium
  • Condo: Yes
  • Inclusions: Fully Furnished Unit
  • Lot Number: 7

Listed by Keller Williams Realty Delmarva, Bret Davis and Keller Williams Realty Delmarva, Erik Burch

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Listing agents

— 13 40th St #7 —

  • Bret Davis

    Keller Williams Realty Delmarva

  • Erik Burch

    Keller Williams Realty Delmarva

Listing Office Email: lwbunting@comcast.net

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 13 40th St #7

School District:Worcester County Public Schools
NameGradesDistance
Ocean City Elementary School
12828 Center Drive, Ocean City, MD 21842
PK-42.4 mi
Stephen Decatur Middle School, Berlin, MD
9815 Seahawk Road, Berlin, MD 21811
7-86.8 mi
Stephen Decatur High School
9913 Seahawk Road, Berlin, MD 21811
9-126.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 13 40th St #7 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/07/2026
Listed
$229,000
281.67%
MLS
11/16/2011
Sold
$60,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 13 40th St #7

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,476
14%
$108,100
18%
2023
$1,290
—
$91,500
—
2021
$1,293
4%
$91,500
4%
2020
$1,246
5%
$87,600
5%
2019
$1,182
5%
$83,700
5%
2018
$1,127
7%
$79,800
7%
2017
$1,054
8%
$74,267
8%
2016
$979
15%
$68,733
9%
2015
$855
—
$63,200
—
2014
$856
—
$63,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 13 40th St #7

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Realty Delmarva, Bret Davis and Keller Williams Realty Delmarva, Erik Burch

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13 40th Street #7, Ocean City, MD 21842 (MLS# MDWO2037466) is a Condo property with 1 bedroom and 1 full bathroom. 13 40th Street #7 is currently listed for $229,000 and was received on May 07, 2026. Want to learn more about 13 40th Street #7? Do you have questions about finding other Condo real estate for sale in Ocean City? You can browse all Ocean City real estate or contact a Coldwell Banker agent to request more information.

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