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#:DESU2111314
Source:BRIGHTMLS
Price summary
- Price:$3,249,900
- Price per sq. ft.:$984.82
About this home
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 Beach’s 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 flexibility—ideal 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, you’re moments from the many of Rehoboth’s 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 you’re 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!...
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Home facts
- Year built:1900
- Subdivision & Development:SOUTH REHOBOTH
- Listing ID #:DESU2111314
- Added:144 day(s) ago
- Updated:September 28, 2026 at 01:56 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Flooring:Carpet, Ceramic Tile, Wood
- Living area:3,300 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Heat Pump - Electric BackUp, Solar
Structure and exterior
- Roof:Architectural Shingle
- Year built:1900
- Building area:3,300 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Downtown
- Architectural Style:Coastal, Cottage
- Construction Materials:Frame
- Foundation Description:Crawl Space
- Levels:2 Stories
Schools
- High school:CAPE HENLOPEN
- Middle school:BEACON
- Elementary school:REHOBOTH
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,249,900
- Price per sq. ft.:$984.82
- Tax amount:$5,752 (2025)
Features and amenities
- Laundry features:Dryer In Unit, Washer In Unit
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