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    28420 Delaware Ave Millsboro, DE 19966

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    For Sale
    $1,200,000

    Six-unit apartment building in Millsboro, Delaware, with private parking.

    Lot size:
    0.69 Acres

    Property Features for 28420 Delaware Ave

    General Information

    Lot size
    0.69 Acres

    Building Details

    Year built
    2015

    Source: KW Greater West Chester Agent Maher Tarazi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Millsboro Multifamily Investment Opportunity

    This multifamily investment opportunity is located in Millsboro, Delaware. The property is an apartment building consisting of six one-bedroom, one-bathroom apartments. The building is approximately 3,000 square feet and includes a front yard and private parking for tenants. Each unit is separately metered for electricity. Water and sewer services are currently paid for by the landlord.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Spa & Massage Clothing Store Wholesale Shop Department Store Bar & Pub Discount Store Electrical Service Tech Support Center Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Millsboro
    County
    Sussex
    State
    Delaware
    Longitude
    -75.1737047
    Latitude
    38.598075

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Millsboro, Delaware, with private parking.
    Where is this apartment building located?
    The property is located at 28420 Delaware Ave Millsboro, DE.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Diversified multifamily investment opportunity.; - Six, one-bedroom, one-bathroom apartments.; - Private parking for tenants.
    (484) 995-1110
    Request Owner's contact information
    28420 Delaware Ave Millsboro, DE 19966
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    Millsboro, DE 19966
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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
    28420 Delaware Ave Millsboro, DE 19966
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