20 W Main St Middletown, DE 19709
Estimated payment $6,406/month
Highlights
- Very Popular Property
- Colonial Architecture
- Downtown Location
- Silver Lake Elementary School Rated A-
- Eat-In Kitchen
- Central Air
About This Home
Exceptional Mixed-Use Investment Opportunity in the Heart of Middletown! 22 W Main Street—a fully-leased, free-standing mixed-use building offering a rare opportunity in one of Middletown’s most active commercial corridors. This well-maintained property is ideally positioned on a vibrant stretch of West Main Street, surrounded by thriving businesses and within walking distance to shops, dining, and community amenities.
The first floor features two established retail/office tenants, while the second and third floors are configured as three spacious 2-bedroom one bath apartments and fully leased producing income. All units are separately metered for electric and the entire building is fully sprinklered.
To the rear of the property, private off-street parking accommodates approximately 10+- vehicles and connects directly to the adjacent Middletown municipal parking lot—ensuring convenience for both residential and commercial tenants.
This turnkey asset offers immediate income and long-term upside, with potential to enhance residential revenue. A rare combination of stability, condition, and location make this an outstanding addition to any investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,939
Year Built
- Built in 1918
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 45 x 140
- Downtown Location
- Level Lot
- Property is in good condition
Home Design
- Colonial Architecture
- Flat Roof Shape
- Stone Foundation
- Frame Construction
Interior Spaces
- 6,384 Sq Ft Home
- Vinyl Clad Windows
- Double Hung Windows
- Eat-In Kitchen
- Unfinished Basement
Parking
- 10 Parking Spaces
- 10 Off-Street Spaces
- Paved Parking
Utilities
- Central Air
- Heating System Uses Oil
- Back Up Electric Heat Pump System
- Radiant Heating System
- Electric Water Heater
Community Details
- 4 Units
- 3-Story Building
Listing and Financial Details
- Assessor Parcel Number 23-008.00-026
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/17/2025 08/17/25 | For Sale | $1,100,000 | 0.0% | $172 / Sq Ft |
| 07/10/2022 07/10/22 | Rented | $1,100 | 0.0% | -- |
| 07/01/2022 07/01/22 | For Rent | $1,100 | +22.2% | -- |
| 01/10/2020 01/10/20 | Rented | $900 | +2.9% | -- |
| 12/19/2019 12/19/19 | For Rent | $875 | +6.1% | -- |
| 05/13/2013 05/13/13 | Rented | $825 | 0.0% | -- |
| 04/23/2013 04/23/13 | Under Contract | -- | -- | -- |
| 04/14/2013 04/14/13 | For Rent | $825 | 0.0% | -- |
| 03/28/2013 03/28/13 | Rented | $825 | -2.9% | -- |
| 03/13/2013 03/13/13 | Under Contract | -- | -- | -- |
| 02/01/2013 02/01/13 | For Rent | $850 | -- | -- |
Source: Bright MLS
MLS Number: DENC2087750
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