Investor Alert – Rare Quadplex Opportunity!
Rarely available quadplex offering exceptional income potential with current year-round rents ranging from $1,200–$1,350 per unit and the opportunity for future rental growth as leases turn over and rates are adjusted to current market conditions. This is a prime opportunity for investors seeking strong cash flow, low operating costs, and a true turn-key portfolio addition.
The property has been extensively renovated with all major systems upgraded recently, including a new foundation, all-new plumbing and electrical, sprinkler system, and full alarm system. The roof was replaced within the last five years, providing long-term durability and reduced maintenance. The building is on public water and sewer, keeping ownership simple and operating costs predictable.
Each unit has been renovated inside and out, featuring fresh paint, updated flooring, modern appliances, and refreshed finishes throughout. Dedicated parking for each unit enhances tenant convenience and long-term rentability—an increasingly rare feature for multi-unit properties. Garage and Shed also come with the property.
With low ongoing expenses, modern systems, and strong projected rents, this quadplex offers an easy, low-maintenance portfolio addition in a high-demand rental market.
Rare multi-family opportunities like this don’t come often—schedule your showing today.
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Listing Snapshot
Price
$799,900
Days On Site
268 Days
Bedrooms
4
Inside Area (SqFt)
2,500 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2 Acres
Year Built
1998
MLS® Number
DESU2102302
Status
Active
Property Tax
$749
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Invite
Recent Activity
3 months ago
Listing updated with changes from the MLS®
9 months ago
Status changed to Active
9 months ago
Listing first seen on site
General Features
Acres
0.2
Foundation
Block
Number Of Stories
2
Parking
Driveway
Parking Spaces
6
Property Sub Type
Quadruplex
Security
Smoke Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2500
SqFt Total
2500
Style
OtherTraditional
Utilities
Cable AvailablePhone AvailableSewer AvailableWater AvailableElectricity Available
Water Source
Public
Zoning
TN
Interior Features
Appliances
Electric RangeElectric OvenElectric Water HeaterWater Heater
Basement
Crawl Space
Cooling
Window Unit(s)Electric
Flooring
CarpetVinyl
Heating
ElectricBaseboard
Interior
Recessed Lighting
Laundry Features
Washer Hookup
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Exterior Features
Construction Details
FrameBlock
Lot Features
Cleared
Pool Features
None
Roof
ShingleAsphalt
View
City
Waterview
City
Community Features
Accessibility Features
Accessible Doors
Community Features
Sidewalks
MLS Area
Baltimore Hundred (31001)
School District
INDIAN RIVER
Roads
Paved
Schools
School District
INDIAN RIVER
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Coldwell Banker Premier - Lewes