33926 SERENITY PLACE
About This Property
Rare opportunity to own 7.6 acres in the charming rural community of Frankford, Delaware. This previously improved property offers exceptional potential, with existing infrastructure that may provide a head start for future development. Public water and sewer expansion is planned for the area, adding to the property's long-term appeal. Whether you're dreaming of building a private country estate, creating a recreational retreat, exploring potential subdivision opportunities, or investing in land in a growing coastal market, this property offers the flexibility to bring your vision to life. Surrounded by nature and abundant wildlife, it provides a peaceful setting while remaining conveniently located near major routes and area attractions. Frankford is known for its small-town charm, historic character, and proximity to the Delaware beaches. Enjoy easy access to Bethany Beach, just minutes away, along with its dining, shopping, entertainment, and outdoor recreation. The area is also home to popular farm-to-table destinations, local vineyards, and working farms offering seasonal experiences throughout the year. With low Delaware property taxes, a desirable location near Route 113, and endless possibilities for future use, this property presents a unique opportunity to invest in one of Sussex County's most appealing communities.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$285,000
↓ $15K
(5%) | |
| Price Decreased | |||
| Jul 16, 2026 | Relisted | $300,000 | |
| Relisted | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Northrop Realty | $300,000 | |
| Listed by Northrop Realty | |||
| Oct 11, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017