Rare Investment Opportunity in the Heart of Historic Lewes! Opportunities like this do not come around often. Nestled on a quiet street in the highly coveted Historic District of Lewes, this 3-unit property offers the perfect blend of historic charm and investment potential. Whether you are looking for a lucrative addition to your portfolio, a multi-generational family compound, or a "live in one unit, rent the other two" house-hacking strategy, this home delivers. Unit1 features 3 bedrooms, 2 baths, kitchen, formal dining room, living room and large roof top deck. Unit 2 features a first floor entrance, an open living and dining room, a kitchen, a large bedroom, and a full bath. The 3rd unit offers an eat-in kitchen, bright living room, bedroom, full bath, and garage access. The full basement offers plenty of storage space. Don't miss this unbeatable location, just steps away from Second Street’s award-winning dining, boutique shopping, and the Lewes Farmers Market and a short bike ride to Lewes Beach and Cape Henlopen State Park. Call today!
For sale
Price cut: $200K (7/28)
$1,199,900
338 Market St, Lewes, DE 19958
5beds
2,792sqft
Single Family Residence
Built in 1893
6,534 Square Feet Lot
$1,154,600 Zestimate®
$430/sqft
$-- HOA
What's special
Garage accessLarge bedroomQuiet streetFormal dining roomLarge roof top deckEat-in kitchenFirst floor entrance
- 84 days |
- 1,129 |
- 53 |
Zillow last checked:
Listing updated:
Listed by:
Lee Ann Wilkinson 302-645-6664,
Berkshire Hathaway HomeServices PenFed Realty 3026456661,
Listing Team: The Lee Ann Wilkinson Group
Source: Bright MLS,MLS#: DESU2110162
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Living Room, Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Bedroom 1, Bathroom 1, Bathroom 2, Full Bath
Bedroom 1
- Features: Flooring - HardWood
- Level: Upper
Bedroom 2
- Features: Flooring - HardWood
- Level: Upper
Bedroom 3
- Features: Flooring - HardWood
- Level: Upper
Bedroom 4
- Level: Main
Bedroom 5
- Features: Flooring - HardWood
- Level: Main
Bathroom 1
- Level: Upper
Bathroom 2
- Level: Upper
Dining room
- Features: Formal Dining Room, Flooring - HardWood
- Level: Upper
Other
- Level: Main
Other
- Level: Main
Kitchen
- Features: Kitchen - Electric Cooking, Pantry, Flooring - Vinyl
- Level: Upper
Kitchen
- Features: Eat-in Kitchen, Kitchen - Electric Cooking
- Level: Main
Kitchen
- Features: Kitchen - Electric Cooking, Flooring - Vinyl
- Level: Main
Living room
- Features: Flooring - HardWood
- Level: Upper
Living room
- Features: Flooring - HardWood
- Level: Main
Living room
- Features: Flooring - HardWood
- Level: Main
Heating
- Radiator, Oil
Cooling
- Window Unit(s), Zoned, Electric
Appliances
- Included: Microwave, Oven/Range - Electric, Refrigerator, Water Heater, Extra Refrigerator/Freezer
Features
- Additional Stairway, 2nd Kitchen, Bathroom - Stall Shower, Soaking Tub, Entry Level Bedroom, Floor Plan - Traditional, Formal/Separate Dining Room, Eat-in Kitchen, Pantry
- Flooring: Hardwood, Carpet, Vinyl
- Doors: Storm Door(s)
- Windows: Storm Window(s), Screens, Window Treatments
- Basement: Full,Unfinished,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 2,792
- Total interior livable area: 2,792 sqft
- Finished area above ground: 2,792
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage Faces Side, Garage Door Opener, Driveway, Attached
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Roof, Deck, Wrap Around, Porch
- Pool features: None
- Fencing: Partial
- Has view: Yes
- View description: Garden
Lot
- Size: 6,534 Square Feet
- Dimensions: 50.00 x 132.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 33508.07225.00
- Zoning: TN
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence
Materials
- Stick Built
- Foundation: Block
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1893
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Lewes
Financial & listing details
- Price per square foot: $430/sqft
- Tax assessed value: $1,197,000
- Annual tax amount: $3,379
- Date on market: 6/5/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Estimated market value
$1,154,600
$1.10M - $1.21M
$2,709/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $1,199,900-14.3%$430/sqft |
Source:  Bright MLS #DESU2110162 Report a problem | ||
| 6/5/2026 | Listed for sale | $1,399,900$501/sqft |
Source: Bright MLS #DESU2110162 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,528 +167.1% | $598,500 +3017.2% |
| 2024 | $946 +0.1% | $19,200 |
| 2023 | $946 +3.6% | $19,200 |
| 2022 | $913 +0.9% | $19,200 |
| 2021 | $904 +0.3% | $19,200 |
| 2020 | $901 | $19,200 |
| 2019 | $901 -0.1% | $19,200 |
| 2018 | $903 +11.8% | $19,200 |
| 2017 | $807 +5.3% | $19,200 |
| 2016 | $767 +4.7% | $19,200 |
| 2015 | $733 +0.7% | $19,200 |
| 2014 | $727 +2.9% | $19,200 |
| 2013 | $707 +0.4% | $19,200 |
| 2012 | $704 +11.9% | $19,200 |
| 2011 | $629 | $19,200 |
| 2010 | $629 -3% | $19,200 |
| 2009 | $649 | $19,200 |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 19958
Nearby schools
GreatSchools rating
- 9/10Shields (Richard A.) Elementary SchoolGrades: K-5Distance: 0.4 mi
- NAFrederick D Thomas Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10Cape Henlopen High SchoolGrades: 9-12Distance: 1.2 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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