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    803 E State St Delmar, DE 19940

    For Sale
    $349,900

    MULTI_FAMILY - Cape Cod - DELMAR, DE

    Property size:
    2,560 SF
    Lot size:
    0.23 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 803 E State St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking
    4
    Parking features
    Off Street
    Size
    2,560 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1940
    Number of units
    3
    Building materials
    Shingle Siding
    Architectural style
    Cape Cod

    Redfin Corporation (484) 962-0034 [email protected]

    Listing agent Kelley J Johnson (302) 278-9632

    Listing date Nov 27, 2025

    MLS# DESU2099328 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

    Income-Producing Triplex in Delmar, DE

    This well-maintained triplex presents an income-producing opportunity. The property is fully rented and has a strong rental history. It features three units: one with 2 bedrooms and 1 full bath, and two additional units each offering 1 bedroom and 1 bath. Tenants have access to off-street parking for up to 4 vehicles and a 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. The property is located close to downtown and within a short distance of local schools. The lot size is 0.23 acres and the property size is 2560 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Sussex
    State
    Delaware
    Longitude
    -75.56801
    Latitude
    38.45596

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with strong rental history near downtown Delmar.
    Where is this triplex located?
    The property is located at 803 E State St Delmar, DE.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Strong income-producing triplex with a full rental history, offering immediate returns on investment.; - Recent updates include new appliances and replaced systems (boiler, hot water heater, sump, heat pumps) minimizing future maintenance costs.; - Ideally located close to downtown and local schools, increasing tenant appeal.
    (302) 278-9632
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    803 E State St Delmar, DE 19940
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    Delmar, DE 19940
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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
    803 E State St Delmar, DE 19940
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