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Six-Unit Apartment Building For Sale
For Sale
$1,800,000
Pending

57 Sussex St, Rehoboth Beach, DE 19971

Non-conforming commercial building with six apartments and potential commercial space.

Property SizeContact for details
Days on Market114

Property Features for 57 Sussex St

General Information

Standard status Pending

Taxes and HOA fees

Annual Taxes $3,866
Listing Agency: RE/MAX Realty Group Rehoboth
Listed By: Debbie Reed · License #RS-0010229
Source: Exprealty
Added: May 13 Changed: Aug 24 Last Checked: Sep 1 at 11:11PM

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 RE/MAX Realty Group Rehoboth

Investment Insights

Based on property information with market context.

This is a non-conforming commercial building that features six apartments located on the second floor. All current leases must be honored, with the final lease term concluding in August 2030. The lower level was previously utilized as a pre-school, but it has not been in operation for several years.

Key Highlights

  • Commercial building with six apartments.
  • Potential for future use of lower level (previously a pre‑school).
  • Non‑conforming commercial building.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Pharmacy Auto Parts Store (Bike/Boat/Book/etc) Store Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

990
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Non-conforming commercial building with six apartments and potential commercial space.
Where is this apartment building located?
The property is located at 57 Sussex St Rehoboth Beach, DE.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Commercial building with six apartments.; Potential for future use of lower level (previously a pre‑school).; Non‑conforming commercial building.
More about this property
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