10 Beds
5 Baths
3,300 SqFt
10 Beds
5 Baths
3,300 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $999
Subdivision South Rehoboth
MLS Listing ID DESU2087708
Style Coastal,Cottage
Bedrooms 10
Full Baths 4
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 3,300
Year Built 1900
Annual Tax Amount $3,414
Tax Year 2019
Lot Size 5,029 Sqft
Acres 0.12
Property Sub-Type Detached
Source BRIGHT
Property Description
Perfectly positioned on the ocean block of one of Rehoboth Beach's most iconic streets, 16 Delaware Avenue offers a rare opportunity to own a true coastal classic just steps from the Boardwalk, Funland, the beach and Atlantic Ocean.
This charming turn-of-the-century cottage blends historic character with exceptional income potential in one of the most sought-after locations in town. The main house features 7 spacious bedrooms and 3.5 baths, along with a newly renovated kitchen designed to accommodate large gatherings, extended family stays, or multiple tenants with ease. A detached 3-bedroom, 1-bath guest house provides additional flexibility—ideal for overflow guests or a second income stream.
With two active rental licenses, the property is a proven performer, currently generating six-figure annual income. Operating costs remain attractively low thanks to a newly installed solar array. Even more compelling, there is substantial upside potential: with thoughtful cosmetic updates and strategic enhancements, rental income could increase significantly, as supported by comparable ocean-block properties nearby.
The lifestyle here is just as impressive as the numbers. From your front porch, you're moments from the many of Rehoboth's most celebrated dining destinations, including Henlopen City Oyster House, Salt Air, Dalmata, Fable, Confucious, Above the Dunes, Purple Parrot, and Dogfish Head. Morning coffee runs, sunset cocktails, and dinner reservations are all part of daily life at this address.
Whether you're seeking a legacy beach home, a high-performing investment property, or a flexible retreat that delivers both personal enjoyment and strong returns, 16 Delaware Avenue offers an extraordinary combination of location, character, and opportunity.
Opportunities on the ocean block for larger compounds are extremely rare!
Location
State DE
County Sussex
Area Lewes Rehoboth Hundred (31009)
Zoning TN
Direction North
Rooms
Other Rooms Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Half Bath, Additional Bedroom
Main Level Bedrooms 2
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Flooring Carpet, Ceramic Tile
Fireplaces Number 1
Fireplaces Type Brick
Fireplace Y
Heat Source Electric
Exterior
Water Access N
Roof Type Architectural Shingle
Accessibility None
Garage N
Building
Story 2
Foundation Crawl Space
Above Ground Finished SqFt 3300
Sewer Public Sewer
Water Public
Architectural Style Coastal, Cottage
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Wood Walls,Other
New Construction N
Schools
Elementary Schools Rehoboth
Middle Schools Beacon
High Schools Cape Henlopen
School District Cape Henlopen
Others
Pets Allowed Y
Senior Community No
Tax ID 334-14.18-64.00
Ownership Fee Simple
SqFt Source 3300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Pets Allowed Cats OK, Dogs OK
Virtual Tour https://www.zillow.com/view-imx/ef2e294a-b32f-4199-a89d-bfe24d3c31af?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Nearby Locations
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