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69 HENLOPEN 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 |
|---|---|---|---|
| Apr 23, 2026 | Price Decreased |
$3,895,000
↓ $100K
(2.5%) | |
| Price Decreased | |||
| Feb 28, 2026 | Listed by Jack Lingo - Rehoboth | $3,995,000 | |
| Listed by Jack Lingo - Rehoboth | |||
| Aug 15, 2025 | Price Decreased |
$4,300,000
↓ $100K
(2.3%) | |
| Price Decreased | |||
| Jun 13, 2025 | Price Decreased |
$4,400,000
↓ $200K
(4.4%) | |
| Price Decreased | |||
| Nov 18, 2024 | Listed | $4,600,000 | |
| Listed | |||
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Nantucket in Rehoboth Beach. Own a piece of history at 69 Henlopen Avenue, one of the most distinctive properties in "The Pines" neighborhood of Rehoboth Beach! This remarkable home, crafted in the 1940s, brings together several smaller historic structures dating back to the early 1900s. This architectural gem is set on a generous 100' x 91' parcel offering space and privacy. The property’s cedar shake siding, cedar roofing, onion globe lanterns, brick walkways, and mature trees and landscaping exude classic and timeless curb appeal. Step inside and journey back in time. Original wide-plank hardwood floors, carefully curated period furnishings, and exquisite vintage details transform every room into a work of art. With over 4,900 square feet of heated living space, this residence offers seven wood-burning fireplaces, three staircases, exposed wood beams, and masterful craftsmanship throughout. The home’s spacious layout includes 5 bedrooms, 3.5 baths, a formal living room, an inviting study, a formal dining room, and a sunroom, all designed with comfort and character in mind. The kitchen features marble countertops, stainless steel appliances, and a convenient wet bar, making it both beautiful and functional. Outside, a private rear yard provides a peaceful escape, ideal for entertaining or quiet reflection. Located just a short stroll from both the ocean and downtown Rehoboth Beach, this extraordinary property offers an unmatched blend of history, style, and convenience. Embrace the opportunity to own this truly unique piece of Rehoboth’s rich heritage!
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About Rehoboth Beach
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$2,250 /mo
- 3 Beds
- 2 Baths
$2,000 /mo
- 3 Beds
- 1 Bath
- 1,000 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017