113 CEDAR STREET
About This Property
The living and dining areas flow seamlessly to a private outdoor deck, inviting you to enjoy morning coffee or sunset cocktails in the salty sea air. Upstairs, the primary suite serves as a true sanctuary, complete with beadboard accents, and an en-suite bath. Two additional well-appointed guest bedrooms ensure plenty of room for family and friends. This home offers incredible utility with an oversized two-car garage featuring ample space for a workshop and all your beach gear. Surrounded by a private fenced yard and located just steps from the sand, world-class dining, and the historic charm of downtown Lewes, this property offers a rare opportunity to own a piece of the "First Town in the First State." Call today!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $999,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jun 19, 2023 | Sold | ||
| Sold | |||
| May 21, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017