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 Beachs 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 flexibilityideal 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, youre moments from the many of Rehoboths 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 youre 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!
ACTIVE
- Price
- $ 3,249,900
- City
- Rehoboth Beach
- Bedrooms
- 10
- Full Bathrooms
- 4
- County
- SUSSEX
- Half Bathrooms
- 1
- Area
- Lewes Rehoboth Hundred
- Lot Size
- 0.12 Acres
- Zip
- 19971
- Sqr Footage
- 3,300
- Year Built
- 1900
- Taxes
- $ 5752
- Style
- Coastal,Cottage
- MLS#
- DESU2111314
Features
General
Interior Features
Exterior Features
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Affordability Calculator
$3,786
Per MonthBased on the average sale price from the Selbyville, DE office
- Monthly Principal & interest $2,658
- Monthly Property Taxes $1,062
- Monthly Home Insurance $67
Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
Schools
Price History
Property vs Zip Code Average in 19971
In The Neighborhood
In The Neighborhood
- Type
- Single Family
- Size
- <span>1,024</span> SqFt
- Rooms
- <span>3</span> Beds + <span>2</span> Baths
- Type
- Single Family
- Size
- <span>2,500</span> SqFt
- Rooms
- <span>5</span> Beds + <span>4.5</span> Baths
- Type
- Single Family
- Size
- <span>2,500</span> SqFt
- Rooms
- <span>5</span> Beds + <span>5.5</span> Baths
- Type
- Single Family
- Size
- <span>3,800</span> SqFt
- Rooms
- <span>4</span> Beds + <span>5</span> Baths
- Type
- Single Family
- Size
- <span>2,500</span> SqFt
- Rooms
- <span>4</span> Beds + <span>4.5</span> Baths
- Type
- Single Family
- Size
- <span>2,700</span> SqFt
- Rooms
- <span>4</span> Beds + <span>3</span> Baths
Areas That We Cover
16 Delaware Avenue Rehoboth Beach, DE is a Single Family Home for sale at $3249900 with 3300 sqft and a lot size of 0.12 Acres Acre(s). 16 Delaware Avenue Rehoboth Beach has 10 bedrooms, 4 baths and was built in 1900. The property's zip code is 19971 which is in Rehoboth Beach, DE
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
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