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18 DELAWARE AVENUE
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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 |
|---|---|---|---|
| Oct 9, 2026 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $2,799,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Jun 6, 2025 | Listed by Monument Sotheby's International Realty | $2,999,000 | |
| Listed by Monument Sotheby's International Realty | |||
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Charming Turn-of-the-Century Cottage– Just Steps from Rehoboth Beach Boardwalk. Nestled on the ocean block of one of Rehoboth’s most iconic locations, 18 Delaware Avenue is a rare opportunity to own a piece of coastal history just steps from the iconic boardwalk and sandy beaches. This charming turn-of-the-century cottage offers classic character and exceptional investment potential in the heart of Rehoboth Beach. With thoughtful updates, enhancements and expansions, this property could become a rental machine, as demonstrated by comparable nearby properties. Whether you're looking for a full-time beach retreat, a vacation getaway, or a high-performing investment, this property offers the flexibility and location that discerning buyers seek. Enjoy morning strolls along the boardwalk, easy access to shops and restaurants, and a home filled with vintage charm. Bonus Opportunity: This home can also be purchased in combination with neighboring 16 Delaware Avenue (MLS# DESU2087708), offering a rare chance to own a 100x100 foot compound in one of the most sought-after locations in Rehoboth Beach. Whether you're looking for a private family estate or a high-performing vacation rental portfolio, the possibilities here are truly unique. Don’t miss this exceptional opportunity in the heart of Rehoboth Beach
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| Feb 15, 2022 | Sold | ||
| Sold | |||
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About Rehoboth Beach
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$2,300 /mo
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- 1 Bath
- 600 ft²
$1,712 /mo
- 2 Beds
- 1 Bath
- 712 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017