Change Real Estate Presents:

16 Delaware Avenue
Rehoboth Beach DE 19971

For Sale: $3,249,900.00 Active

List Date: 2026-05-06

Rehoboth Beach
10 bedrooms
5 bathrooms
3,300 build ft2
5,000 land ft2

About This Property

Charming Turn-of-the-Century Cottage with Significant Income Potential | Ocean Block | 7BR Main House + 3BR Guest House | Two Rental Licenses | Six-Figure Annual Income Perfectly positioned on the ocean block of one of Rehoboth Beach’s most iconic streets, 16 Delaware Avenue offers a rare opportunity to own a true coastal classic just steps from the Boardwalk, Funland, the beach and Atlantic Ocean. This charming turn-of-the-century cottage blends historic character with exceptional income potential in one of the most sought-after locations in town. The main house features 7 spacious bedrooms and 3.5 baths, along with a newly renovated kitchen designed to accommodate large gatherings, extended family stays, or multiple tenants with ease. A detached 3-bedroom, 1-bath guest house provides additional flexibility—ideal for overflow guests or a second income stream. With two active rental licenses, the property is a proven performer, currently generating six-figure annual income. Operating costs remain attractively low thanks to a newly installed solar array. Even more compelling, there is substantial upside potential: with thoughtful cosmetic updates and strategic enhancements, rental income could increase significantly, as supported by comparable ocean-block properties nearby. The lifestyle here is just as impressive as the numbers. From your front porch, you’re moments from the many of Rehoboth’s most celebrated dining destinations, including Henlopen City Oyster House, Salt Air, Dalmata, Fable, Confucious, Above the Dunes, Purple Parrot, and Dogfish Head. Morning coffee runs, sunset cocktails, and dinner reservations are all part of daily life at this address. Whether you’re seeking a legacy beach home, a high-performing investment property, or a flexible retreat that delivers both personal enjoyment and strong returns, 16 Delaware Avenue offers an extraordinary combination of location, character, and opportunity. Opportunities on the ocean block for larger compounds are extremely rare!

Listing Agent: Michael Reamy Jr. Monument Sotheby's International Realty 302-227-6767 michael.reamy@msir.net

Virtual Tours / Videos

https://www.zillow.com/view-imx/ef2e294a-b32f-4199-a89d-bfe24d3c31af?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Features

Location Information
County:
Subdivision: SOUTH REHOBOTH
click to open map in a new window
Interior Features
Appliances:
Interior:
Laundry:
Furnished: None
Flooring: Wood, Carpet, CeramicTile
Water: Public
Cooling: Central A/C
Heating: Heat Pump - Electric BackUp
Fireplaces: 1
Windows:
Utilities:
Sewer: Public Sewer
Exterior Features
Year Built: 1900
Legal Subdivision: South Rehoboth
Subdivision Name: South Rehoboth
Schools
Elementary School: Rehoboth
Junior High School: Beacon
High School: Cape Henlopen

IDXListing Courtesy of Michael Reamy Jr. Monument Sotheby's International Realty 302-227-6767 michael.reamy@msir.net

Property Photos [Click to enlarge]

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