Delaware City, DE 19706 124 Canal Street

Pending
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Presented By: Long & Foster Real Estate, Inc.
  • MLS# DENC2078312
  • 03/24/2025
  • Request Tour
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  • Beds • 4

Home Details

Open 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! Its 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!
Presented By: Long & Foster Real Estate, Inc.

Interior Features for 124 Canal Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Basement (Y/N)No
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas

General for 124 Canal Street

AccessibilityRamp - Main Level
Architectural StyleOther
CityDELAWARE CITY
Construction MaterialsVinyl Siding
Cool FuelElectric
CoolingCentral A/C, Ceiling Fan(s), Window Unit(s)
CountyNEW CASTLE
DirectionsCanal St
Garage Y/NNo
HeatingForced Air, Heat Pump(s)
Lease TypeYearly
Legal SubdivisionDELAWARE CITY
Lot Size Square Feet4356.00
Lot Size UnitsSquare Feet
MLS AreaNew Castle/Red Lion/Del.City (30904)
ModificationTimestamp2025-03-31T16:51:40
New ConstructionNo
Number Of Units Total4
One Bedroom Units Count4
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
OwnerPaysAll Utilities, Lawn/Shrub Care, Management
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG240.45
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictCOLONIAL
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeDetached
Tax Annual Amount1361.0
Tax Assessed Value34000.0
Tax Lot162
Tax Year2024
Total Actual Rent60000.00
Total SQFT2200
Two Bedroom0
Vacation Rental Y/NNo
ViewWater, Canal, River
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
Zoning22R-1

Exterior for 124 Canal Street

Foundation DetailsCrawl Space
Land Assessed Value8700.00
Land Use Code
Lot Dimensions88.30 x 74.00
Lot Size Acres0.10
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street, Driveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NYes

Additional Details

Price History

Rachel Shepherd

Price $529,000
MLS#DENC2078312
List Date 03/24/2025
Property Type Pending
Phone 703.929.4729
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