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$999,999

28420 Delaware Av
Millsboro, Delaware 19966

New / MLS #DESU2112076 / Multiple Family / Millsboro
Listing information updated 5/15/2026 at 1:41pm
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.
Water Front:
No
Square Feet:
N/A
Built:
2015
Cooling System:
Other
Business Use:
Other
Zoning:
GR
Tax Amount:
$930
Tax Year:
2025
Zip Code:
19966
City:
Millsboro
County:
Sussex

Listing Office: SVN/Miller Commercial Real Estate

Listing Office Phone: 410.543.2440

Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.

$459,928
Average Sale Price
76
Average Days On The Market
95%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 28420 Delaware Av, Millsboro, DE 19966

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28420 Delaware Av, Millsboro, DE 19966 is a multiple family currently listed at $999,999. This multiple family has been listed on RLAH @properties since May 15th, 2026 and was built in 2015.

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