Renovated Quadplex with
62 W CHURCH Street Selbyville, DE 19975
For Sale
$799,900
MULTI_FAMILY - Other - SELBYVILLE, DE
Property Size2,500 SF
Lot Size0.20 Acres
Price / SF$319.96
Days on Market201
Property Features for 62 W CHURCH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room
Parking
6
Parking features
Driveway
Interior features
Additional Stairway, 2nd Kitchen, Efficiency, Dining Area, Entry Level Bedroom, Floor Plan - Traditional, Kitchenette, Recessed Lighting
Appliances
Oven/Range - Electric, Washer/Dryer Hookups Only, WaterHeater
Standard status
Active
Size
2,500 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
749
Utilities
Heating system
Electric (Heating), Baseboard, Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1998
Number of units
4
Building materials
Frame, Block
Architectural style
Other
Listing Agency:
Coldwell Banker Premier - Lewes
(302) 645-2881
Listed By:
Julie Gritton · License #RA-0031139
(302) 645-1111
Added: Jan 9
Changed: Jul 13
Last Checked: Jul 29 at 10:06PM
MLS# DESU2102302
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.
Investment Insights
Based on property information with market context.
This quadplex has been extensively renovated, with major systems upgraded including a new foundation, all-new plumbing and electrical, a sprinkler system, and a full alarm system. The roof was replaced within the last five years. Each unit features renovated interior finishes, including fresh paint, updated flooring, refreshed finishes, and modern appliances. The property also includes a garage and a shed, and dedicated parking is provided for each unit.
The building is located at 62 W Church Street in Selbyville, Delaware 19975, in Sussex County. The property is connected to public water and sewer, which supports straightforward ongoing utilities management.
For sale as a residential income property, the quadplex is currently rented year-round, with rents noted as ranging from $1,200 to $1,350 per unit. With recent renovations and updated infrastructure, the home is positioned as a practical turnkey portfolio addition for buyers looking to own a renovated multi-unit asset with dedicated parking for each unit and updated life-safety systems.
The building is located at 62 W Church Street in Selbyville, Delaware 19975, in Sussex County. The property is connected to public water and sewer, which supports straightforward ongoing utilities management.
For sale as a residential income property, the quadplex is currently rented year-round, with rents noted as ranging from $1,200 to $1,350 per unit. With recent renovations and updated infrastructure, the home is positioned as a practical turnkey portfolio addition for buyers looking to own a renovated multi-unit asset with dedicated parking for each unit and updated life-safety systems.
Key Highlights
- Quadplex built in 1998 with current year‑round rents of $1,200–$1,350 per unit
- Extensive recent upgrades: new foundation, all‑new plumbing and electrical, sprinkler system, and full alarm system
- Roof replacement completed within the last five years
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.5k | $16.20 |
| − Vacancy | −$2.6k | −$1.05 |
| EGI | $37.9k | $15.15 |
| − OpEx | −$11.4k | −$4.54 |
| NOI | $26.5k | $10.60 |
2,500 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$378.7K
$331.3K – $441.8K
NOI $26,507 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$350.8K
$307.0K – $409.3K
NOI $24,558 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$687.0K
$601.1K – $801.5K
NOI $48,090 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated quadplex with parking for each unit and upgraded systems, currently rented year-round.
Where is this quadplex located?
The property is located at 62 W CHURCH Street Selbyville, DE.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Quadplex built in 1998 with current year‑round rents of $1,200–$1,350 per unit; Extensive recent upgrades: new foundation, all‑new plumbing and electrical, sprinkler system, and full alarm system; Roof replacement completed within the last five years
