Charming Turn-of-the-Century Cottage with Income Potential - Just Steps from Rehoboth 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… Read More 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 Read Less
Courtesy of Michael Reamy Jr, Monument Sotheby's International Realty [email protected]
Listing Snapshot
Days Online
2
Last Updated
Property Type
Single Family Residential
Beds
10
Full Baths
4
Partial Baths
1
Square Ft.
3,300
Lot Size
0.12 Acres
Year Built
1914
MLS Number
DESU2087708
30 Days Snapshot Of 19971
$977k
-3%
(avg) sold price
52
+1%
homes sold
62
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,300 sqft living area, 3,300 sqft above grade (finished), Built in 1914, Structure Type: Detached, Wall & Ceiling Types: Wood Walls, Other, 2 floors in unit, 2 levels, Coastal, Cottage, Frame, Aluminum Siding
Cooling
Central Air, Electric, Central A/C
Fireplaces
1 fireplace, Brick
Floors
Carpet, Ceramic Tile
Foundation
Crawl Space
Heating
Electric, Heat Pump - Electric BackUp
Lot
5,029 sqft, 0.12 acres
Property
Other Structures: Above Grade, Below Grade
Roof
Architectural Shingle
Sewer
Public Sewer
Taxes
City/Town Tax: $300, City/Town Tax Pymnt Freq: Annually, County Tax: $118, County Tax Pymnt Freq: Annually, School Tax: $1,128, Tax Annual Amount: $1,546, Tax Year: 2019
Utilities
Hot Water: Electric
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