Renovated Two-Unit Rental
10 E CHURCH Street Selbyville, DE 19975
For Sale
$395,000
MULTI_FAMILY - SELBYVILLE, DE
Property Size1,054 SF
Lot Size0.14 Acres
Price / SF$374.76
Days on Market48
Property Features for 10 E CHURCH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking
- 8
- Parking features
- Driveway, Garage - Detached, Off Street
- Interior features
- Attic, Combination Kitchen/Dining, Combination Kitchen/Living, Window Treatments
- Appliances
- Dishwasher, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, WaterHeater
- Standard status
- Active
- Size
- 1,054 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 598
Building Details
- Year built
- 1904
- Number of units
- 2
- Building materials
- Frame, Stick Built, Vinyl Siding
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(410) 524-7000
Listed By:
Alexander Piela · License #RS-0025714
(410) 289-2539
Added: Jun 8
Changed: Jul 13
Last Checked: Jul 25 at 4:06AM
MLS# DESU2113690
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This solid two-unit rental duplex includes a 3-bedroom, 1.5-bath unit and a 2-bedroom, 1.5-bath unit, each designed with functional layouts and natural light. The property has been extensively renovated, including work completed down to the inside studs and new plumbing, electrical, drywall, windows, and roof. The result is a well-maintained building positioned for immediate rental use.
Located at 10 E Church Street in Selbyville, Delaware (Sussex County), the property sits on a 0.14-acre lot. With two separate residential units under one roof, it offers an ownership structure that can appeal to investors or operators looking to manage a small multifamily asset.
For tenants, the mix of bedroom options provides flexibility while preserving consistent bathroom counts across both units. For buyers, the substantial 1993 renovation scope—covering core building systems and major interior and exterior components—supports a straightforward path to operating the duplex as a long-term income property. The building’s ready condition also supports owners who want to move quickly into rental operations or evaluate further improvements based on their own management approach.
Located at 10 E Church Street in Selbyville, Delaware (Sussex County), the property sits on a 0.14-acre lot. With two separate residential units under one roof, it offers an ownership structure that can appeal to investors or operators looking to manage a small multifamily asset.
For tenants, the mix of bedroom options provides flexibility while preserving consistent bathroom counts across both units. For buyers, the substantial 1993 renovation scope—covering core building systems and major interior and exterior components—supports a straightforward path to operating the duplex as a long-term income property. The building’s ready condition also supports owners who want to move quickly into rental operations or evaluate further improvements based on their own management approach.
Key Highlights
- Two‑unit rental building: 3BR/1.5BA unit and 2BR/1.5BA unit.
- Major renovation in 1993 down to inside studs with new plumbing, electric, drywall, windows, and roof.
- Vinyl siding frame, stick‑built construction; built in 1904.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.1k | $16.20 |
| − Vacancy | −$1.1k | −$1.05 |
| EGI | $16.0k | $15.15 |
| − OpEx | −$4.8k | −$4.54 |
| NOI | $11.2k | $10.60 |
1,054 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$159.6K
$139.7K – $186.3K
NOI $11,175 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$147.9K
$129.4K – $172.6K
NOI $10,354 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Smoke-Stock & Chimney Cleaning ...
Building Supply
FAQs
What type of property is this?
Duplex - Two renovated rental units with updated major systems, offering practical layouts for steady long-term occupancy.
Where is this duplex located?
The property is located at 10 E CHURCH Street Selbyville, DE.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit rental building: 3BR/1.5BA unit and 2BR/1.5BA unit.; Major renovation in 1993 down to inside studs with new plumbing, electric, drywall, windows, and roof.; Vinyl siding frame, stick‑built construction; built in 1904.
