$ 3,299,000
-
$3,299,000
Price -
10
Bed -
4.5
Bath -
3,300
SqFt
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About the Listing OAA204 - 3259364
Charming Turn-of-the-Century Cottage with Significant Income Potential | Ocean Block | 7BR Main House + 3BR Guest House | Two Rental Licenses | Six-Figure Annual Income 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!
Listing Highlights
Status
Active
Days on Site
288
Property Type
Residential
MLS ®
DESU2087708
Year Built
1914
Total Square Footage
3,300
Lot/Acreage
0.12
County
Sussex
Building Name
NONE AVAILABLE
Neighborhood
South Rehoboth
School District
Cape Henlopen
Elementary School
Rehoboth
Middle School
Beacon
High School
Cape Henlopen
Interior Details
- Bedrooms: 10
- Bathrooms: 4 Full / 1 Half
- Appliances:
- Air Cond: Central A/C
- Heating: Heat Pump - Electric BackUp
- Fireplaces: 1, Brick,1 Fireplace
- Floor: Carpet,Ceramic Tile
- Above Ground Sq Ft: 3300
- Below Ground Sq Ft: 0
- Basement:
- Other: Cats OK,Dogs OK,Pets Allowed,Main Floor Bedrooms: 10
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: TN
- Roof: Architectural Shingle
- Others: Good
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $3,414
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2019
Payment Calculator
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Questions About..
16 Delaware Ave Rehoboth Beach, DE 19971
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