Residential Income Condo with
New
For Sale
$399,900
18877 BENT ANCHOR COURT #3104, Rehoboth Beach, DE 19971
Community amenities include a pond-side picnic pavilion, playground, shuffleboard, bocce ball courts, and horseshoes.
Property Size1,872 SF
Days on Market3
Property Features for 18877 BENT ANCHOR COURT #3104
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
picnic pavilion
playground
shuffleboard
bocce ball courts
horse shoes
Building Details
Building Size
1,872 SF
Year Built
2015
Listing Agency:
NextHome Tomorrow Realty
Listed By:
NANCY DELLA VECCHIO
(302) 601-4171
Source:
Stevedeboe.kw
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 5:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Tomorrow Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3-bedroom, 2-bath condo, built in 2015, has an open living and dining area with hardwood floors and vaulted ceilings. The split-bedroom plan includes a primary suite with a walk-in closet and double-sink bathroom, plus two additional bedrooms. The kitchen features maple cabinets, granite counters, a pantry, and updated appliances. A sunroom renovated in 2025 adds year-round usable space and overlooks a pond. Other features include a two-story foyer, garage entry with storage and electric, and a laundry area with a new washer and dryer.
The community is minutes from beaches, the bay, dining, and shopping. Exterior maintenance is handled by the community, which also offers a picnic pavilion beside a pond, a playground, shuffleboard, bocce ball courts, and horseshoes.
The community is minutes from beaches, the bay, dining, and shopping. Exterior maintenance is handled by the community, which also offers a picnic pavilion beside a pond, a playground, shuffleboard, bocce ball courts, and horseshoes.
Key Highlights
- 3‑bedroom, 2‑bath condo built in 2015
- Sunroom renovated in 2025, with pond views
- Open living and dining area with hardwood floors and vaulted ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,389
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,780
$367.8K
Cap Rate 7%
$262,700
$262.7K
Cap Rate 9%
$204,322
$204.3K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$35.5K $18.96/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$33.4K $17.86/SF
− OpEx
−$15.0K −$8.04/SF
NOI
$18.4K $9.82/SF
Area
Sussex County, DE
Vacancy
5.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,780
Cap Rate 7%
$262,700
Cap Rate 9%
$204,322
Alternative Uses
Best Use
Apartment 5plus
$262.7K
$229.9K – $306.5K
NOI $18,389 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.4K
$450.1K – $600.2K
NOI $36,010 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Community amenities include a pond-side picnic pavilion, playground, shuffleboard, bocce ball courts, and horseshoes.
Where is this residential income property located?
The property is located at 18877 BENT ANCHOR COURT #3104 Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condo built in 2015; Sunroom renovated in 2025, with pond views; Open living and dining area with hardwood floors and vaulted ceilings
