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222 S Washington St 2 Unit Apartment Building Offered at $642,123 CAD Millsboro, DE 19966

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INVESTMENT HIGHLIGHTS

  • Prime town location, easy highway access, multi-lease potential

EXECUTIVE SUMMARY

Prime opportunity in the heart of Millsboro. Situated on .68 acres, this 4 bedroom, 3 bath home with 3300+ square foot of living space, and an additional 2 bedroom 2 bath self-contained cottage with approximately 1000 square foot awaits your arrival. The main home has a living room, 4 large bedrooms, (primary with full en-suite,) 3 full baths, (2 upstairs and 1 downstairs,) formal dining room, eat-in kitchen, large walk-in pantry, family and great rooms, library, breakfast room, laundry room, mudroom, 1 gas and 2 wood burning fireplaces, and a large sleeping porch. There is hardwood throughout, two staircases, and a partial below-grade 480 square foot wine cellar. The eat-in kitchen is very large and all the appliances convey. The detached cottage has 2 bedrooms, one upstairs and one downstairs, and 2 full baths; up and down. It also has an eat-in kitchen, a combination living room and dining room, and a rear roll-in ramp. The cottage is currently rented for $900 a month and the current occupant has been there for 2 years. The main house is heated by radiators with a boiler and the cottage is heated by gas heat. Both the main house and cottage are cooled with window units. There is also a 2-car 460 square foot detached garage with plenty of driveway parking. Perfect for a single residence, rental machine, multi-generational residence, Bed & Breakfast, mini hotel or lodge and is town zoned for High Density housing.

PROPERTY FACTS

Price $642,123 CAD
Price Per Unit $321,062 CAD
Sale Type Investment
Sale Condition 1031 Exchange
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Single-Family Home
Lot Size 0.68 AC
Building Size 4,300 SF
No. Stories 2
Year Built 1899
Zoning HDR - High Density Residential, multi-family, Bed and Breakfast, hotel/motel.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
6+5 2 - -
  • Listing ID: 37183584

  • Date on Market: 2025-08-08

  • Last Updated:

  • Address: 222 S Washington St, Millsboro, DE 19966

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