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Ocean-View Residential Income Property
For Sale
$859,000

1 VIRGINIA #203, Rehoboth Beach, DE 19971

REHOBOTH BEACH, DE

Property SizeContact for details
Days on Market16

Property Features for 1 VIRGINIA #203

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 2, Bedroom 1
Subdivision NORTH REHOBOTH
Elementary school district CAPE HENLOPEN
Middle school district CAPE HENLOPEN
High school district CAPE HENLOPEN
Standard status Active

Amenities

secure access and monitoring
elevators
outdoor showers
pool
private underground garage parking
private balcony

Building Details

Year built 1973
Listing Agency: Rehoboth
Listed By: Michael A Kogler
Added: Oct 3 Changed: Oct 16 Last Checked: Oct 18 at 3:06PM
MLS# DESU2121220

Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This two-bedroom, one-bath residence at One Virginia Avenue has ocean views from the main living areas and a private balcony. The building, constructed in 1973, provides secure access, elevators, outdoor showers, a pool, and private underground garage parking. Ownership also includes two passes for unmetered city parking spaces.

Set along the Rehoboth Beach boardwalk, the property is steps from the beach and within walking distance of restaurants, shops, and beachside attractions. Gordons Pond State Park and the Breakwater Junction Trail system are also nearby, with routes for biking and hiking.

Key Highlights

  • Two bedrooms and one bathroom
  • Ocean views from the main living areas and private balcony
  • At One Virginia Avenue on the Rehoboth Beach boardwalk

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Pharmacy Auto Repair Shop Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

877
Businesses Nearby

Demographics for 19971, DE

14,348
Population
16,948
Households
0.8
Avg Household Size
60
Median Age
55%
College-Educated
96%
High-School Grad
18.0 sq mi
ZIP Area
797
Density / Sq Mi
$103,301
Median Household Income
$49,905
Median Earnings
$1,383
Median Rent
$561,300
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - The two-bedroom residence includes a private balcony, secure building access, and underground garage parking.
Where is this residential income property located?
The property is located at 1 VIRGINIA #203 Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom; Ocean views from the main living areas and private balcony; At One Virginia Avenue on the Rehoboth Beach boardwalk
More about this property
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