USADEMillsboroBowden Acres28420 Delaware Ave
28420 Delaware Ave | Image 1
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28420 Delaware Ave | Image 7

$999,999

For Sale

10 days ago

28420 Delaware Ave, Millsboro, DE

House

MLS® DESU2112076

0 Bed

6 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $930
Days Active 9
Lot Size 
Approx. Age 2015
MLS® Number DESU2112076

Property Address: 28420 Delaware Ave, MILLSBORO, DE, 19966-2553

Average square foot calculated using Size range provided by listing agent.

Description

This offering presents the opportunity to acquire a cash-flowing multifamily investment property located at 28420 Delaware Avenue in Millsboro, Delaware. The property consists of approximately 3, 000 square feet and generates estimated rental income of $7, 250 per month ($87, 000 annually). Estimated annual operating expenses are approximately $12, 985, resulting in an estimated net operating income of approximately $74, 015. Income and expense figures are estimates and should be independently verified by prospective purchasers. The property represents an estimated 7.4% cap rate based on the reported income and expenses, providing investors with stable in-place cash flow. The asset benefits from its location within the growing Sussex County market, where continued residential development and population growth are supporting strong rental demand. This is a compelling opportunity for investors seeking a performing multifamily asset with strong income, low expenses, and long-term upside in one of Delaware’s fastest-growing regions.
MLS® NumberDESU2112076
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2015
Basement
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 15, 2026List Date
$999,999List Price
  • Commute

Commute

Starting Address
Destination Address
28420 Delaware Ave, Millsboro, DE

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