418 N PHILLIPS STREET
About This Property
The main level features a bright kitchen with stainless steel appliances, a spacious living room with adjoining dining area, and a large sunroom flooded with natural light and complete with built-in storage shelving. A convenient first-floor bedroom and oversized bathroom offer exceptional functionality, featuring a stall shower, soaking tub, and walk-in closet. Upstairs, you'll find two generously sized bedrooms connected by a shared full bath. The lower level provides additional flexibility with a finished bonus area, laundry space, and plenty of unfinished storage.
Outside, enjoy peaceful mornings on the covered front porch or relax in the shaded, private backyard with patio space perfect for gatherings or quiet evenings at home. A standout feature of the property is the detached workshop building, complete with loft storage and its own heating and cooling system - ideal for hobbies, projects, a studio, or extra workspace.
Located in the heart of Seaford, this home offers convenient access to shopping, dining, parks, and the scenic Nanticoke River. Enjoy nearby attractions like the Seaford Riverwalk, Hooper's Landing Golf Course, local marinas, and easy day trips to Delaware and Maryland beaches. With small-town charm and convenient access to Route 13, Seaford continues to be one of Sussex County's most desirable locations to call home.
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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 |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jul 13, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Relisted | $324,900 | |
| Relisted | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Listed by Keller Williams Realty | $324,900 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017