$540,000
SOLD JUN 2, 2025

124 Canal St Delaware City, DE 19706

-- Bed
-- Bath
2,200 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$245 Per Sq Ft

2% Above List Price

1 Day on Market

Highlights

  • River View
  • Forced Air Heating and Cooling System
  • 3-minute walk to Fort Delaware State Park
  • Ramp on the main level
  • Ceiling Fan

About This Home

As of June 2025

Open House, Saturday, 3/29 from 12:00-2:00. Investor Alert! Rarely available 4-unit waterfront property in the heart of Delaware City! This quadruplex currently generates $5000 a month and is fully rented with dependable tenants, making it a perfect addition to an investor portfolio! All units are almost identical in size, featuring one bedroom, a separate living room, eat-in kitchen, and a stackable washer and dryer. Three of the four units have been updated. In addition, there is on-site parking and street front parking for the tenants. This location is a remarkable find! It’s within walking distance of local restaurants, the Post Office, Battery Park, the Library, and the ferry, which takes you directly to Pea Patch Island, home of Fort Delaware State Park. The property is conveniently located within 5 miles of Route 13 and Route 1, providing a short commute to Wilmington and Philadelphia. For a more detailed look at this property, make sure to check out the floor plans and video link showcasing each unit. Owning a multiplex presents an excellent opportunity to diversify your income stream. This property is ideal for both experienced investors and those beginning their real estate ventures. To take advantage of this investment opportunity, schedule your showing today!

Last Agent to Sell the Property

Renee Wolhar

Long & Foster Real Estate, Inc. License #RS-0022747 Listed on: 03/29/2025

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jeff Derp

Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,361

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 88.30 x 74.00

Property Views

  • River
  • Canal

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • Ceiling Fan
  • Crawl Space

Parking

  • Driveway
  • On-Street Parking

Accessible Home Design

  • Ramp on the main level

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heat Pump System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for all utilities, lawn/shrub care, management
  • Tax Lot 162
  • Assessor Parcel Number 22-007.00-162

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,361

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Accessibility Features: Ramp - Main Level
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2025-03-29
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Open House, Saturday, 3/29 from 12:00-2:00. Investor Alert! Rarely available 4-unit waterfront property in the heart of Delaware City! This quadruplex currently generates $5000 a month and is fully rented with dependable tenants, making it a perfect addition to an investor portfolio! All units are almost identical in size, featuring one bedroom, a separate living room, eat-in kitchen, and a stackable washer and dryer. Three of the four units have been updated. In addition, there is on-site parking and street front parking for the tenants. This location is a remarkable find! It’s within walking distance of local restaurants, the Post Office, Battery Park, the Library, and the ferry, which takes you directly to Pea Patch Island, home of Fort Delaware State Park. The property is conveniently located within 5 miles of Route 13 and Route 1, providing a short commute to Wilmington and Philadelphia. For a more detailed look at this property, make sure to check out the floor plans and video link showcasing each unit. Owning a multiplex presents an excellent opportunity to diversify your income stream. This property is ideal for both experienced investors and those beginning their real estate ventures. To take advantage of this investment opportunity, schedule your showing today!
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 2200
  • Living Area Sq Ft: 2200
  • Price Per Sq Ft: 240.45
  • Above Grade Finished Sq Ft: 2200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 124

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • View: Water, Canal, River
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: COLONIAL
  • School District Key: 300200396891
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.10
  • Lot Dimensions: 88.30 x 74.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Year Assessed: 2024
  • Zoning: 22R-1
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: All Utilities, Lawn/Shrub Care, Management
  • Rent Control: No
  • Total Actual Rent: 60000.00
  • Vacation Rental: No

Tax Info

  • School Tax: 789.00
  • Tax Annual Amount: 1361.00
  • Assessor Parcel Number: 22-007.00-162
  • Tax Lot: 162
  • Tax Total Finished Sq Ft: 2200
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 06/02/2025

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: COLONIAL

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Sold $540,000 +2.1% $245 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/29/2025 03/29/25 For Sale $529,000 -- $240 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Renee Wolhar

    Seller's Agent in 2025

    Renee Wolhar

    Long & Foster

    (302) 388-7254

    1 in this area

    73 Total Sales

    Renee Wolhar
    Section Image
  • Jeff Derp

    Buyer's Agent in 2025

    Jeff Derp

    Long & Foster

    (302) 562-0942

    1 in this area

    99 Total Sales

    Jeff Derp
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DENC2078312

Bright MLS

APN: 22-007.00-162

Delaware New Castle County Delaware City 19706

124 Canal St, Delaware City, DE

This home is located at 124 Canal St, Delaware City, DE 19706 and is currently priced at $540,000, approximately $245 per square foot. This property was built in 1900. 124 Canal St is a home located in New Castle County with nearby schools including Southern Elementary School and Gunning Bedford Middle School.

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