16 Delaware Ave,REHOBOTH BEACH, DE 19971
REHOBOTH BEACH, DE 19971
Description
Charming Turn-of-the-Century Cottage with Significant Income Potential | Ocean Block | 7BR Main House + 3BR Guest House | Two Rental Licenses | Six-Figure Annual IncomePerfectly 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!
Details
| MLS # | DESU2111314 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Building Name | NONE AVAILABLE |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 138 |
| Listing Provided By | Monument Sotheby's International Realty | Michael Reamy Jr |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,300 |
| Story(s) | 2 |
| Zoning | TN |
| Acreage | 0.12 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump - Electric Back Up |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Crawl Space |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5752 |
|---|
Area Information
| State | DE |
|---|---|
| County | SUSSEX DE |
| City | REHOBOTH BEACH |
| Zip Code | 19971 |
| Area | Lewes Rehoboth Hundred (31009) |
| Community Name | SOUTH REHOBOTH |
| School District | CAPE HENLOPEN |
| Elementary School | REHOBOTH |
| High School | CAPE HENLOPEN |
| Listing VS Median (in SOUTH REHOBOTH) | |
Price: $3,249,900 low | high Med: $2,986,000 sqft: 3,300 low | high Med: 3,800 $ / sqft: $985 low | high Med: $786 On site: 138 low | high Med: 65 | |
Market Activity 19971
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Learn More About This Property
| State | DE |
|---|---|
| County | SUSSEX DE |
| City | REHOBOTH BEACH |
| Zip Code | 19971 |
| Area | Lewes Rehoboth Hundred (31009) |
| Community Name | SOUTH REHOBOTH |
| School District | CAPE HENLOPEN |
| Elementary School | REHOBOTH |
| High School | CAPE HENLOPEN |
| Listing VS Median (in SOUTH REHOBOTH) | |
Price: $3,249,900 low | high Med: $2,986,000 sqft: 3,300 low | high Med: 3,800 $ / sqft: $985 low | high Med: $786 On site: 138 low | high Med: 65 | |
 | $4,095,0003 Laurel StRehoboth Beach, DE 19971 |