16 Delaware Ave, Rehoboth Beach, DE 19971
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
Listed by:michael reamy jr
Office:monument sotheby's international realty
MLS#:DESU2087708
Source:BRIGHTMLS
Price summary
- Price:$3,299,000
- Price per sq. ft.:$999.7
About this home
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
Contact an agent
Home facts
- Year built:1914
- Listing ID #:DESU2087708
- Added:117 day(s) ago
- Updated:October 01, 2025 at 01:44 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Living area:3,300 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Heat Pump - Electric BackUp
Structure and exterior
- Roof:Architectural Shingle
- Year built:1914
- Building area:3,300 sq. ft.
- Lot area:0.12 Acres
Schools
- High school:CAPE HENLOPEN
- Middle school:BEACON
- Elementary school:REHOBOTH
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,299,000
- Price per sq. ft.:$999.7
- Tax amount:$3,414 (2019)
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