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5906-5908 Coastal Hwy 5 Unit Apartment Building $3,999,999 ($800,000/Unit) 6.50% Cap Rate Ocean City, MD 21842
Investment Highlights
- Seller Financing Available !!!
Executive Summary
Premium Turnkey Rental Portfolio: 5 Luxury Units in Ocean City, MD
An exceptional acquisition opportunity features a meticulously curated portfolio of 5 luxury short-term rental units in the high-demand market of Ocean City, Maryland. This fully stabilized asset offers immediate, optimized cash flow paired with a strong history of high occupancy and long-term capital appreciation. Ocean and Bay views 300 steps from the beach on the ocean side of coastal highway. Prime location near all top restaurants and close enough to the convention center and boardwalk. Each unit sleeps 14 people which is more than other townhouse condo's in the area. Priced under well under comps to maximize rental profitability compared to all other units in the area.
- $301K plus annual gross rents per year with repeat rental business and to increase rents - Excellent Occupancy and repeat rental customers.
- Seller Financing Available as low as 4% Interest Only - (Subject to minimum cash to close and terms)
- 180K in renovations made in 2026 this year.
FEATURES & AMENITIES
Two Buildings / 5 Units for sale in portfolio
Condo Assoc included with the sale of portfolio
Fully booked short term rental income annually with room to raise rents.
4 level townhouses with 3 car garages and/or parking pads
Each unit is 4 BDR 3.5 BTH with Decks on every level and views of the ocean and bay.
300 steps away from the beach on the ocean side of Coastal Hwy.
New cosmetic improvements made in 2026
An exceptional acquisition opportunity features a meticulously curated portfolio of 5 luxury short-term rental units in the high-demand market of Ocean City, Maryland. This fully stabilized asset offers immediate, optimized cash flow paired with a strong history of high occupancy and long-term capital appreciation. Ocean and Bay views 300 steps from the beach on the ocean side of coastal highway. Prime location near all top restaurants and close enough to the convention center and boardwalk. Each unit sleeps 14 people which is more than other townhouse condo's in the area. Priced under well under comps to maximize rental profitability compared to all other units in the area.
- $301K plus annual gross rents per year with repeat rental business and to increase rents - Excellent Occupancy and repeat rental customers.
- Seller Financing Available as low as 4% Interest Only - (Subject to minimum cash to close and terms)
- 180K in renovations made in 2026 this year.
FEATURES & AMENITIES
Two Buildings / 5 Units for sale in portfolio
Condo Assoc included with the sale of portfolio
Fully booked short term rental income annually with room to raise rents.
4 level townhouses with 3 car garages and/or parking pads
Each unit is 4 BDR 3.5 BTH with Decks on every level and views of the ocean and bay.
300 steps away from the beach on the ocean side of Coastal Hwy.
New cosmetic improvements made in 2026
Property Facts
Amenities
Site Amenities
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3.5 | 5 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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Contact the Sale Advisor
5906-5908 Coastal Hwy