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Renovated Multifamily Property with Licenses

35 BALTIMORE Ave, Rehoboth Beach, DE 19971

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For Sale

$4,500,000

Two renovated buildings with apartment licenses on oversized lots.

Type:Commercial

Property size:

6,600 SF

Price / SF:

$681/SF

HighLights

Two buildings on oversized lots with grandfathered apartment licenses.
Both buildings completely renovated (electrical, plumbing, HVAC).
Front building: Approximately 6600 sq ft (3 floors + basement).
Rear building: Approximately 1830 sq ft (2 floors).
New Atrium Retractable Roof on order (upgraded version).
Includes one off‑street parking space.

We can help!

Listing Contact

CARRIE LINGO

Learn more

For Sale

$4,500,000

Two renovated buildings with apartment licenses on oversized lots.

Type:Commercial

Property size:

6,600 SF

Price / SF:

$681/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:40 pm

Property Features for 35 BALTIMORE Ave

General Information

Standard status: Active
Size: 6,600 SF
Property subtype: Commercial

Building Details

Year Built: 1907

We can help!

Listing Contact

CARRIE LINGO

Listing agent CARRIE LINGO License #RS-0017885

Listing office Jack Lingo Realtor, Inc.

Listing date Apr 24, 2026

Source Elliman

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 Jack Lingo Realtor, Inc.

HighLights

Two buildings on oversized lots with grandfathered apartment licenses.
Both buildings completely renovated (electrical, plumbing, HVAC).
Front building: Approximately 6600 sq ft (3 floors + basement).
Rear building: Approximately 1830 sq ft (2 floors).
New Atrium Retractable Roof on order (upgraded version).
Includes one off‑street parking space.

Overview

This real estate offering features two buildings situated on oversized lots. The property includes apartment and 5 grandfathered apartment licenses. The front building, spanning approximately 6600 square feet, comprises three floors and a basement. The rear building, approximately 1830 square feet, consists of two floors. There is one off-street parking space available, along with additional street parking at the end of the driveway. A new Atrium Retractable Roof is on order and will be installed upon completion by the manufacturer; it is an upgraded version of the current roof. Both buildings have undergone complete renovations under current ownership, including upgrades to the electrical, plumbing, heating, and air conditioning systems. The property has a bike score of 55, indicating it is bikeable, and a walk score of 58, suggesting it is somewhat walkable. The business is also for sale.

Location Intelligence

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Apartment buildings

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Local Demand

City: Rehoboth Beach
County: Sussex
State: Delaware
Longitude: -75.079832
Latitude: 38.717504

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For sale
Apartment buildings
DE
Rehoboth Beach
19971
35 BALTIMORE Ave

What type of property is this?

Apartment building - Two renovated buildings with apartment licenses on oversized lots.

Where is this apartment building located?

The property is located at 35 BALTIMORE Ave Rehoboth Beach, DE.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: Two buildings on oversized lots with grandfathered apartment licenses.; Both buildings completely renovated (electrical, plumbing, HVAC).; Front building: Approximately 6600 sq ft (3 floors + basement).