803 E State St Delmar, DE 19940
Estimated payment $1,917/month
About This Home
Fantastic income-producing opportunity! This well-maintained triplex is fully rented and offers a strong rental history. The property features three units—one with 2 bedrooms and 1 full bath, and two additional units each offering 1 bedroom and 1 bath. Tenants enjoy off-street parking for up to 4 vehicles and a convenient storage shed in the rear yard. Recent updates include new appliances and replaced systems such as the boiler, hot water heater, sump, and heat pumps, providing peace of mind and reduced maintenance costs. Ideally located close to downtown and within a short distance of local schools, this is an excellent turnkey investment property! Mortgage savings may be available for buyers of this listing.
Listing Agent
Kelley Johnson
(845) 699-2094 kelley.johnson@redfin.com Redfin Corporation Listed on: 10/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $844
Year Built
- Built in 1940
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 59.00 x 172.00
Home Design
- Triplex
- Cape Cod Architecture
- Shingle Roof
- Shingle Siding
Interior Spaces
- 1,164 Sq Ft Home
- Crawl Space
Parking
- 4 Parking Spaces
- 4 Off-Street Spaces
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 74
- Assessor Parcel Number 532-20.15-114.00
Community Details
Overview
- 3 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $917
- Maintenance Expense $1,100
- Other Expense $2,110
- Operating Expense $6,237
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $844 | $8,100 | $600 | $7,500 |
| 2024 | $408 | $8,100 | $600 | $7,500 |
| 2023 | $403 | $8,100 | $600 | $7,500 |
| 2022 | $391 | $8,100 | $600 | $7,500 |
| 2021 | $416 | $8,100 | $600 | $7,500 |
| 2020 | $400 | $8,100 | $600 | $7,500 |
| 2019 | $398 | $8,100 | $600 | $7,500 |
| 2018 | $400 | $8,100 | $0 | $0 |
| 2017 | $400 | $8,100 | $0 | $0 |
| 2016 | $399 | $8,100 | $0 | $0 |
| 2015 | $416 | $8,100 | $0 | $0 |
| 2014 | $353 | $8,100 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/24/2025 10/24/25 | For Sale | $349,900 | +191.6% | $301 / Sq Ft | |
| 12/06/2013 12/06/13 | Sold | $120,000 | 0.0% | -- | View Prior Sale |
| 10/25/2013 10/25/13 | Pending | -- | -- | -- | |
| 01/13/2011 01/13/11 | For Sale | $120,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $120,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $96,000 | New Conventional |
Source: Bright MLS
MLS Number: DESU2099328
APN: 532-20.15-114.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
- 713 E Grove St
- 500 Delaware Ave
- 407 E East St
- 406 Delaware Ave
- 0 Rt 13 Unit DESU2070332
- 413 E Walnut St
- 211 Poplar St
- 38158 N 2nd St
- 0 Us 13 Unit 1001561450
- 3 Delaware Ave
- 100 E Pine St
- 9419 Ocean Hwy
- 5 Emery Cir
- 39 Shannon St
- 128 Buckingham Dr
- 129 Buckingham Dr
- 124 Buckingham Dr
- 133 Buckingham Dr
- 11765 Buckingham Dr
- 9241 Clare Cir
- 611 E State St
- 800 E Chestnut St
- 10 N Pennsylvania Ave Unit F
- 212 S Pennsylvania Ave
- 218 S Pennsylvania Ave
- 9549 Wedge Way
- 8940 Executive Club Dr
- 29325 W Line Rd Unit W
- 8600 Barbara Ann Way
- 8650 Barbara Ann Way
- 416 E North Pointe Dr
- 303 Mill Pond Ln
- 7674 Pine Branch Rd
- 103 Overlook Dr
- 100 Foxfield Cir
- 504 Coventry Ln
- 104 Middleneck Ln
- 822 Mersey Ln
- 1406 Cat Tail Ct
- 9093 Spring Hill Ln