$949,900
↓ $50K (5%)
●
House -
For Sale
121 FRANKLIN AVENUE
LEWES, DE 19958
3 Beds
2 Baths
1,646 Ft²
$4,843
Est. Monthly
About This Property
A QUINTESSENTIAL HISTORIC LEWES CHARM-FILLED HOME AND INVESTMENT
OPPORTUNITY - with great rental history! Seize the opportunity for
this ideal, in-town Lewes 3-bedroom home. This home features a
functional floorplan , 3 spacious 2nd floor bedrooms, plenty of
storage with a floored attic & shed, and off street parking. Enjoy
the fenced in, private backyard with large deck, perfect for
entertaining or relaxing . Traditional Lewes charm with modern
comforts await - all within a few blocks of Downtown Lewes
shopping, restaurants, library, and just minutes to the beach and
Coastal Highway! You definitely won't want to miss this rare
opportunity for history and investment in the heart of it all!
Unit Size
1,646 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$577
Property Type
House
Property Taxes
$178
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 30 days ago (Bright MLS #DESU2107660)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2026 | Price Decreased |
$949,900
↓ $50K
(5%) | |
| Price Decreased | |||
| Jul 10, 2026 | Price Decreased |
$999,900
↓ $75K
(7%) | |
| Price Decreased | |||
| May 9, 2026 | Price Decreased |
$1,075,000
↓ $75K
(6.5%) | |
| Price Decreased | |||
| Apr 3, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,150,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Jul 31, 2002 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Attic, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Floor Plan - Traditional, Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Gas Oven, Range Hood, Refrigerator, Washer, Water Heater
Flooring Type: Brick, Vinyl, Carpet
Door Features: Storm
Exterior Details
Square Footage: 1646
Square Footage Source: $0
Architectural Style: Traditional
Year Built Source: Assessor
Year Built: 1900
Building Name: NONE AVAILABLE
Levels: 2
Other Structures: Above Grade, Below Grade
Window Features: Screens, Storm
Construction Materials: Stick Built
Patio and Porch Features: Deck
Lot Features: Rear Yard
Lot Size Area: 4792
Lot Size Units: Square Feet
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Lot Size Dimensions: 50.00 x 97.00
Tax Lot: 82
Water Source: Public
Financial Details
Tax Annual Amount: $2,137
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Heat Pump(s)
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lewes
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Listed by: Lee Ann Wilkinson
Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# DESU2107660
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Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# DESU2107660
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