Offers due by Tuesday, 4/23/2024 at 5:00pm. Investment opportunity! This 4-unit multi-family property is located east of the Lewes Rehoboth Canal and within biking distance of downtown Rehoboth and Dewey Beach. The property consists of two well maintained and recently updated buildings, each with 1st floor and 2nd floor units. 20473 #1 (front) - 2 bedrooms/1bath, 20473 #2 (front) - efficiency/1 bath, 20471 #1 (rear) - 3 bedrooms/2 bath, 20471 #2 (rear) - 1 bedroom/1bath. All units are occupied and remain leased at market rental rates, with potential for rent growth in the future. Excellent investment property with attractive and stable income. Income and expenses available.
Sold for $755,000
$755,000
20471 & 20473 Lincoln St, Rehoboth Beach, DE 19971
7beds
--baths
2,050sqft
Multi Family
Built in 1981
-- sqft lot
$833,200 Zestimate®
$368/sqft
$1,497 Estimated rent
Home value
$833,200
$750,000 - $942,000
$1,497/mo
Zestimate® history
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Recently updated buildings
Zillow last checked:
Listing updated:
Listed by:
SHAUN TULL 302-226-6417,
Jack Lingo - Rehoboth,
Listing Team: Bryce Lingo & Shaun Tull Team, Co-Listing Team: Bryce Lingo & Shaun Tull Team,Co-Listing Agent: Bryce Lingo 302-226-6417,
Jack Lingo - Rehoboth
Bought with:
Debbie Zyskowski, 5007436
Keller Williams Realty
Source: Bright MLS,MLS#: DESU2059506
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
Basement
- Area: 0
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Exhaust Fan, Oven/Range - Electric, Range Hood, Refrigerator, Dishwasher, Disposal, Electric Water Heater
Features
- Ceiling Fan(s)
- Windows: Screens
- Has fireplace: No
Interior area
- Total structure area: 2,050
- Total interior livable area: 2,050 sqft
Property
Parking
- Total spaces: 8
- Parking features: Crushed Stone, Off Street
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Frontage length: Road Frontage: 50
Lot
- Size: 9,148 Square Feet
- Dimensions: 50.00 x 190.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33419.08163.01
- Zoning: GR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt
Condition
- Very Good
- New construction: No
- Year built: 1981
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Available, Sewer Available, Water Available, Cable
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Rehoboth Manor
Location
- Region: Rehoboth Beach
Financial & listing details
- Price per square foot: $368/sqft
- Annual tax amount: $1,654
- Date on market: 4/10/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Contract,Cash
- Ownership: Fee Simple
- Total actual rent: 67020
- Income includes: Apartment Rentals
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2024 | Sold | $755,000+2.9%$368/sqft |
Source:  Bright MLS #DESU2059506 Report a problem | ||
| 4/25/2024 | Pending sale | $734,000$358/sqft |
Source: Bright MLS #DESU2059506 Report a problem | ||
| 4/10/2024 | Listed for sale | $734,000$358/sqft |
Source: Bright MLS #DESU2059506 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 19971
Nearby homes
- $427,2002 bd2 ba728 sqft20489 Lincoln St, Rehoboth Beach, DE 19971Off Market
- $755,0007 bd5 ba780 sqft20473 Lincoln St #1, Rehoboth Beach, DE 19971Sold
- $1,052,9003 bd2 ba1.3k sqft20485 Lincoln St UNIT 1, Rehoboth Beach, DE 19971Off Market
- $1,424,2006 bd4 ba3.4k sqft20467 Lincoln St, Rehoboth Beach, DE 19971Off Market
- $---- bd-- ba-- sqft4 Lincoln St, Rehoboth Beach, DE 19971Off Market
- $--3 bd2 ba1.2k sqft20471 Lincoln St #B, Rehoboth Beach, DE 19971Off Market
- $660,5003 bd2 ba1.2k sqft20471 Lincoln St, Rehoboth Beach, DE 19971Off Market
- $424,0001 bd1 ba800 sqft6 Lincoln St APT D, Rehoboth Beach, DE 19971Off Market
Nearby schools
GreatSchools rating
- 8/10Rehoboth Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Beacon Middle SchoolGrades: 6-8Distance: 3.1 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- District: Cape Henlopen
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$833,200
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- Delaware
- Sussex County
- Rehoboth Beach
- 19971
- 20471 & 20473 Lincoln St
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