2,500 SqFt
2,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $319
MLS Listing ID DESU2102302
Style Other,Traditional
Abv Grd Liv Area 2,500
Year Built 1998
Available Date 2026-01-09
Annual Tax Amount $749
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 40.00 x 220.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Rarely available quadplex offering exceptional income potential with current year-round rents ranging from $1,200–$1,350 per unit and the opportunity for future rental growth as leases turn over and rates are adjusted to current market conditions. This is a prime opportunity for investors seeking strong cash flow, low operating costs, and a true turn-key portfolio addition.
The property has been extensively renovated with all major systems upgraded recently, including a new foundation, all-new plumbing and electrical, sprinkler system, and full alarm system. The roof was replaced within the last five years, providing long-term durability and reduced maintenance. The building is on public water and sewer, keeping ownership simple and operating costs predictable.
Each unit has been renovated inside and out, featuring fresh paint, updated flooring, modern appliances, and refreshed finishes throughout. Dedicated parking for each unit enhances tenant convenience and long-term rentability—an increasingly rare feature for multi-unit properties. Garage and Shed also come with the property.
With low ongoing expenses, modern systems, and strong projected rents, this quadplex offers an easy, low-maintenance portfolio addition in a high-demand rental market.
Rare multi-family opportunities like this don't come often—schedule your showing today.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning TN
Interior
Interior Features Additional Stairway, 2nd Kitchen, Efficiency, Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Kitchenette, Recessed Lighting
Hot Water Electric
Heating Baseboard - Electric, Wall Unit
Cooling Window Unit(s)
Flooring Carpet, Vinyl
Equipment Oven/Range - Electric, Washer/Dryer Hookups Only, Water Heater
Fireplace N
Appliance Oven/Range - Electric, Washer/Dryer Hookups Only, Water Heater
Heat Source Electric
Exterior
Garage Spaces 6.0
Utilities Available Cable TV Available, Electric Available, Phone Available, Sewer Available, Water Available
Water Access N
View City
Roof Type Shingle,Asphalt
Street Surface Paved
Accessibility Doors - Swing In
Road Frontage Public
Total Parking Spaces 6
Garage N
Private Pool No
Building
Lot Description Cleared
Foundation Block, Crawl Space
Above Ground Finished SqFt 2500
Sewer Public Sewer
Water Public
Architectural Style Other, Traditional
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Indian River
Others
Tax ID 533-16.15-101.00
Ownership Fee Simple
SqFt Source 2500
Security Features Sprinkler System - Indoor,Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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