# 1 S WASHINGTON Street, Milford, DE 19963

> **TL;DR:** other, $1,200,000, built 1900.
> A/C. Est. $6,418/mo. Listed 51 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Year Built | 1900 |
| Lot Size | 8,712 sqft (0.20 acres) |
| Property Type | Other (Other) |
| Status | For Sale |
| Days on Market | 51 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,068 |
| Estimated Insurance | $350 |
| **Total** | **$6,418** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.20 acre lot
- 6 parking spaces

## Description

### Agent Description
Prime Investment Opportunity: 1 S. Washington St., Milford Seize the chance to own a high-performing asset in the absolute heart of the City of Milford. This well-maintained apartment building combines the stability of long-term cash flow with the exciting potential for immediate value-add, making it a standout addition to any portfolio. Investment Highlights - Unbeatable Location: Situated at the center of the city, this property offers tenants unparalleled walkability and convenience, ensuring historically low vacancy rates and high demand. - Significant Capex Savings: The current owners have been proactive with upgrades, including recent window replacements in most units-a major capital expense already largely addressed for the next owner. - Operational Efficiency: Managing costs is a breeze with separately metered itilities, shifting utility responsibility to the tenants and protecting your bottom line. - Premium Amenities: Unlike many downtown properties, this building features a private parking lot and on-site laundry facilities, two of the most sought-after features for quality long-term tenants. - Immediate Upside: Currently positioned just under market rates to attract a premium tenant base, there is a built-in opportunity for the new owner to increase rents and instantly boost the Cap Rate. This is a "turn-key" operation with the heavy lifting already done. Between the recent physical improvements and the strategic pricing structure, 1 S. Washington St. is primed for a seamless transition and long-term appreciation.

## Location

- **Address:** 1 S WASHINGTON Street, Milford, DE 19963
- **County:** SUSSEX
- **Coordinates:** 38.91254, -75.42693
- **Google Maps:** https://www.google.com/maps?q=38.91254,-75.42693

## Listing Agent

- **Name:** Albert C Leskovar Jr.
- **Brokerage:** Myers Realty
- **Phone:** 3024230276

## Primary Photo

![1 S WASHINGTON Street - Primary Photo](http://lh.rdcpix.com/7512b36d29e6cb62b42426fd6f79c996l-f1924265533r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.ai/listing/1-s-washington-street-milford-de-19963-u2111998)*

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**MLS#:** DESU2111998 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1-s-washington-street-milford-de-19963-u2111998)

---

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