803 E State St Delmar, DE 19940
Estimated payment $1,910/month
Highlights
- Cape Cod Architecture
- Window Unit Cooling System
- Forced Air Heating System
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
(484) 962-0034 peter.phinney@redfin.com Redfin Corporation Brokerage Phone: 4849620034 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
- 2,560 Sq Ft Home
- Crawl Space
Parking
- 4 Parking Spaces
- 4 Off-Street Spaces
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- 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 |
|---|---|---|---|---|---|
| 04/07/2026 04/07/26 | Price Changed | $339,900 | -2.9% | $133 / Sq Ft | |
| 10/24/2025 10/24/25 | For Sale | $349,900 | +191.6% | $137 / 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
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $120,000 | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $96,000 | New Conventional |
Source: Bright MLS
MLS Number: DESU2099328
APN: 532-20.15-114.00
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