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803 E STATE STREETDELMAR, DE 19940

Multi-Family · 2,560 Sq. ft. | 0.23 Acres
$322,000 ACTIVE

803 E STATE STREET Overview

Time on Site:
248 days
Visits:
4

Fantastic income-producing opportunity! This well-maintained triplex is fully rented and offers a strong rental history. The property features three units—one with 2 bedrooms and 1 full bath, and two additional units each offering 1 bedroom and 1 bath. Tenants enjoy off-street parking for up to 4 vehicles and a convenient storage shed in the rear yard. Recent updates include new appliances and replaced systems such as the boiler, hot water heater, sump, and heat pumps, providing peace of mind and reduced maintenance costs. Ideally located close to downtown and within a short distance of local schools, this is an excellent turnkey investment property! Mortgage savings may be available for buyers of this listing.

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803 E STATE STREET Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,560
  • Price/Sq.ft. $126
  • Lot 0.23 Acres

Details

General

Income/Expenses

  • Other Expense: 2110.00
  • Income Includes: Apartment Rentals
  • Insurance Expense: 917.00
  • Maintenance Expense: 1100.00
  • Operating Expense: 6236.87

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • Building Name: NONE AVAILABLE
  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 2560
  • Year Built: 1940

Location/Region

  • Country: US
  • County: SUSSEX
  • County Or Parish: SUSSEX
  • In City Limits: No
  • MLS Area Major: Little Creek Hundred (31010)

Parking Information

  • Total Parking Spaces: 4
  • Type of Parking: Off Street

Tax Information

  • County Tax: 49.00
  • County Tax Payment Frequency: Annually
  • School Tax: 795.00
  • Tax Annual Amount: $844.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Triplex
  • Property Type: Multi-Family
  • School District Name: DELMAR
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: RES

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 3

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Detached

Building Interior

  • Above Grade Finished Area: 2560
  • Above Grade Finished Area Source: Estimated
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Window Unit(s)
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Living Area: 2560
  • Living Area Source: Estimated

Unit Information

  • One Bedroom Units Count: 2
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 1

Exterior

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.23
  • Lot Size Dimensions: 59.00 x 172.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10019.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Cape Cod
  • Construction Materials: Shingle Siding
  • Roof: Shingle

General Information

  • Number Of Units Mo Mo: 3
  • Number Of Units Total: 3
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 900.00
  • Beds Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Total Rent: 900.00
  • Beds Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Total Rent: 900.00
  • Beds Total: 1

803 E STATE STREET Neighborhood

Community

19940 (DELMAR) Demographics

45
Median Age
159
Population Density (per sq. mile)
22%
College Educated
$54,355
Estimated Median Income
1,807
Estimated Total Home Owners
494
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

803 E STATE STREET Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

803 E STATE STREET Market Data

Based on the last 30 days in this zip code

$349,852
Average List Price
$184
Average Price per Square Foot
5
Properties Sold
82
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network

803 E STATE STREET History

Date Event Value Agent
6/1/2026Source: BRIGHT MLS Price Reduction
$322,000 -5.3%
4/7/2026Source: BRIGHT MLS Price Reduction
$339,900 -2.9%
10/24/2025Source: BRIGHT MLS Added to Database
October 24, 2025
12/3/2024Source: BRIGHT MLS Added to Database
August 13, 2021
Listing provided courtesy of Redfin Corporation- MLS# DESU2099328MLS ProviderContact Information: [email protected] - 4849620034