Two-Unit
10 E CHURCH Street, Selbyville, DE 19975
For Sale
New
$350,000
Multi-Family, SELBYVILLE, DE
Property Size1,054 SF
Lot Size0.14 Acres
Price / SF$332.07
Days on Market4
Property Features for 10 E CHURCH Street
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Interior features
Appliances
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
(410) 524-7000
Listed By:
Alexander Piela · License DE RS-0025714
(410) 289-2539
Added: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# DESU2123900
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.
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Investment Insights
Based on property information with market context.
This 1,054-square-foot duplex contains two apartments: one with three bedrooms and 1.5 baths, and another with two bedrooms and 1.5 baths. The 0.14-acre property includes a driveway, off-street parking, and a detached garage. Interior features include attic space and combined kitchen/dining and kitchen/living areas.
A substantial renovation in 1993 replaced plumbing, electrical systems, drywall, windows, and the roof. The building dates to 1904 and has frame construction with vinyl siding. Each unit faces a different street: one fronts S. William Street and the other Church Street.
A substantial renovation in 1993 replaced plumbing, electrical systems, drywall, windows, and the roof. The building dates to 1904 and has frame construction with vinyl siding. Each unit faces a different street: one fronts S. William Street and the other Church Street.
Key Highlights
- Two apartments: one with 3 bedrooms and 1.5 baths, the other with 2 bedrooms and 1.5 baths
- 1,054 square feet on a 0.14‑acre lot
- 1993 renovation included plumbing, electrical, drywall, windows, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,175
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,500
$223.5K
Cap Rate 7%
$159,643
$159.6K
Cap Rate 9%
$124,167
$124.2K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$17.1K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$16.0K $15.15/SF
− OpEx
−$4.8K −$4.54/SF
NOI
$11.2K $10.60/SF
Area
Sussex County, DE
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,500
Cap Rate 7%
$159,643
Cap Rate 9%
$124,167
Alternative Uses
Best Use
Multifamily LT 5
$159.6K
$139.7K – $186.3K
NOI $11,175 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$147.9K
$129.4K – $172.6K
NOI $10,354 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
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Business Placement
Demographics for 19975, DE
10,476
Population
8,890
Households
1.2
Avg Household Size
60
Median Age
39%
College-Educated
94%
High-School Grad
25.5 sq mi
ZIP Area
411
Density / Sq Mi
$86,063
Median Household Income
$41,090
Median Earnings
$1,098
Median Rent
$430,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The apartments have separate 3-bedroom and 2-bedroom layouts, each with 1.5 baths.
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 $350,000.
What are key features of this property?
This property features: Two apartments: one with 3 bedrooms and 1.5 baths, the other with 2 bedrooms and 1.5 baths; 1,054 square feet on a 0.14‑acre lot; 1993 renovation included plumbing, electrical, drywall, windows, and roof
