Angela Ferguson
RE/MAX Associates-Hockessin
(302) 314-0098
75 Total Sales
1 in Delaware City
$240,000 Price
124 Canal St Delaware City, DE 19706
Delaware City Area
Studio
4
Baths
2,200
Sq Ft
4,356
Sq Ft Lot
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 2025Open 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
(302) 351-5000 maggie@lnf.com Long & Foster Real Estate, Inc. License #RS-0022747 Listed on: 03/29/2025
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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
- Window Unit Cooling System
- Forced Air Heating and 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2025
Closed on
Jun 2, 2025
Sold by
Lek Properties Llc
Bought by
Seller's Agent
Renee Wolhar
Long & Foster Real Estate, Inc.
Buyer's Agent
Jeff Derp
Long & Foster Real Estate, Inc.
List Price
$529,000
Sold Price
$540,000
Premium/Discount to List
$11,000
2.08%
Views
52
Purchase Details
Closed on
Mar 29, 2018
Sold by
Gary Robert A and Gary Deborah P
Bought by
Lek Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 4, 2015
Sold by
Kennedy Michael
Bought by
Gary Robert A and Gary Deborah P
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Delaware City, DE
-
Angela Ferguson
-
Candice Santoro
Candice Santoro
CR Realty
(610) 708-1799
76 Total Sales
1 in Delaware City
$250,000 Price
-
David Landon
David Landon
Patterson-Schwartz-Newark
(484) 779-6763
335 Total Sales
3 in Delaware City
$185K - $319K Price Range
-
Heather Bosco
Heather Bosco
Keller Williams Hometown
(856) 878-2074
107 Total Sales
1 in Delaware City
$449,900 Price
-
Bobby Carter
Bobby Carter
Crown Homes Real Estate
(302) 216-4178
103 Total Sales
1 in Delaware City
$250,000 Price
-
Carolyn Stanley
Carolyn Stanley
Stanley Properties, LLC
(302) 587-8993
39 Total Sales
1 in Delaware City
$250,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $540,000 | None Listed On Document | ||
| Lek Properties Llc | -- | None Available | |
| Gary Robert A | $100,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $920,000 | ||
| Previous Owner | Lek Properties Llc | $320,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $383,900 | $53,600 | $330,300 |
| 2024 | $1,045 | $34,000 | $8,700 | $25,300 |
| 2023 | $945 | $34,000 | $8,700 | $25,300 |
| 2022 | $990 | $34,000 | $8,700 | $25,300 |
| 2021 | $922 | $34,000 | $8,700 | $25,300 |
| 2020 | $931 | $34,000 | $8,700 | $25,300 |
| 2019 | $1,205 | $34,000 | $8,700 | $25,300 |
| 2018 | $915 | $34,000 | $8,700 | $25,300 |
| 2017 | $857 | $34,000 | $8,700 | $25,300 |
| 2016 | $752 | $34,000 | $8,700 | $25,300 |
| 2015 | -- | $34,000 | $8,700 | $25,300 |
| 2014 | -- | $34,000 | $8,700 | $25,300 |
Source: Public Records
Agents Affiliated with this Home
-
Renee Wolhar
Seller's Agent in 2025
Renee Wolhar
Long & Foster
(302) 388-7254
62 Total Sales
-
Jeff Derp
Buyer's Agent in 2025
Jeff Derp
Long & Foster
(302) 562-0942
93 Total Sales
Map
Source: Bright MLS
MLS Number: DENC2078312
APN: 22-007.00-162
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