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    172 Jeffrey Dr Magnolia, DE 19962

    New
    For Sale
    $150,000

    MULTI_FAMILY - MAGNOLIA, DE

    Property size:
    600 SF
    Lot size:
    0.50 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 172 Jeffrey Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Driveway
    Size
    600 SF
    Lot size
    0.50 Acres

    Building Details

    Year built
    1968
    Number of units
    2

    RE/MAX Realty Group Rehoboth (302) 227-4800 [email protected]

    Listing agent Andy Whitescarver (302) 242-5557

    Listing date Dec 2, 2025

    MLS# DEKT2042828 Listing URL

    Copyright © 2025 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.

    Overview

    Magnolia Multifamily Investment Opportunity

    This property presents an investment opportunity with two pre-1976 mobile homes situated on a 0.5-acre lot. The property is located in Magnolia, DE. The total property size is 600 square feet. Suited for investors or builders, the site offers the potential for constructing two new home sites. The mobile homes are being sold "AS IS with the tenants in place". The tenants are currently on a month-to-month lease. This property is being sold with 188 Juanita Drive. Tax parcel NM-00-11102-03-3300-000.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Law Firm Spa & Massage Hair Salon Gym & Fitness Skin Care Clinic Convenience Store Daycare Center Computer & Electronic Repair Wine and Liquor Store Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Kent
    State
    Delaware
    Longitude
    -75.53046003
    Latitude
    39.06952456

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    FAQs

    What type of property is this?
    Mobile home & RV park - Two mobile homes on half an acre for sale.
    Where is this mobile home & rv park located?
    The property is located at 172 Jeffrey Dr Magnolia, DE.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Investment opportunity with potential for rental income.; - Option to develop **two new home sites on half an acre.**; - Includes two existing mobile homes.
    (302) 242-5557
    Request Owner's contact information
    172 Jeffrey Dr Magnolia, DE 19962
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    Magnolia, DE 19962
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    172 Jeffrey Dr Magnolia, DE 19962
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