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13 40th St # 7 photo 1
for sale
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$229,000

1beds
|
1baths
|
416sqft
|
1959built
13 40th St # 7,Ocean City, MD 21842

Est.$1,506/moCustomize payment

What's special

$550/sqft

Price per square foot

Built in 1959

67 years old

Overview

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!

Listed by Bret Davis, Keller Williams Realty Delmarva

410-677-0909 · bretdavis@kw.com · Office 410-677-0909

Co-listed by Erik Burch · Keller Williams Realty Delmarva · 410-253-7616 · eburch.davisstrategic@gmail.com

Source: Bright MLS · MLS #MDWO2037466

Listed May 7, 2026

Last updated May 24, 2026

Property details

Cost estimate

Est. monthly payment

$1,531/mo
Principal & interest
$1,200
Property tax
$123
Home insurance (est.)
$76
HOA fee
$131

Down payment

$45,80020% of list price
Adjust down payment20%
0%25%50%

Based on 20% down ($45,800), 6.85% interest rate, 30-year fixed. Insurance is an estimate. Actual costs may vary.

Rates provided by Mable Loans.

Customize scenario

Price history

DateEventPrice
May 7, 2026Listed for sale$229,000

Location

13 40th St # 7, Ocean City, MD 21842

Nearby homes

$229,000

1 beds · 1 baths · 416 sqft