$ 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 – Just Steps from theRehoboth Beach Boardwalk Main House: 7 Bedrooms | 3.5 Baths - Guest House: 3 Bedrooms | 1 Bath - Two Rental Licenses | Six-Figure Annual Income Nestled on the ocean block of one of Rehoboth’s most iconic locations, 16 Delaware Avenue is a rare opportunity to own a piece of coastal history just steps from the iconic boardwalk and sandy beaches. This charming turn-of-the-century cottage offers classic character and exceptional investment potential in the heart of Rehoboth Beach. The main house features 7 spacious bedrooms and 3.5 baths, and a new kitchen perfect for large gatherings or multiple tenants. In addition, a detached guest house offers 3 bedrooms and 1 full bath, ideal for overflow guests or an additional rental stream. With two active rental licenses, the property is a proven income generator, already bringing in six figures annually with low operating costs given the newly installed solar array. There’s additional upside: with thoughtful updates and enhancements, rental income could easily double, as demonstrated by comparable nearby properties. Whether you're looking for a full-time beach retreat, a vacation getaway, or a high-performing investment, this property offers the flexibility and location that discerning buyers seek. Enjoy morning strolls along the boardwalk, easy access to shops and restaurants, and a home filled with vintage charm and modern potential. Bonus Opportunity: This home can also be purchased in combination with neighboring 18 Delaware Avenue (MLS# DESU2087710), offering a rare chance to own a 100x100 foot compound in one of the most sought-after locations in Rehoboth Beach. Whether you're looking for a private family estate or a high-performing vacation rental portfolio, the possibilities here are truly unique. Don’t miss this exceptional opportunity in the heart of Rehoboth Beach
Listing Highlights for 16 Delaware Ave
Status
Active
Days on Site
103
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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Listing Location
Questions About..
16 Delaware Ave Rehoboth Beach, DE 19971
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