# 28420 DELAWARE AV, Millsboro, DE 19966 > **TL;DR:** other, $925,000, built 2015. Est. $4,947/mo. Listed 165 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $925,000 | | Year Built | 2015 | | Property Type | Other (Other) | | Status | Active | | Days on Market | 165 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,677 | | Estimated Insurance | $270 | | **Total** | **$4,947** | ## Property Highlights - Built in 2015 - 6 parking spaces ## Description ### Agent Description This offering presents the opportunity to acquire a cash-flowing multifamily investment property located at 28420 Delaware Avenue in Millsboro, Delaware. The property consists of approximately 3,000 square feet and generates estimated rental income of $7,250 per month ($87,000 annually). Estimated annual operating expenses are approximately $12,985, resulting in an estimated net operating income of approximately $74,015. Income and expense figures are estimates and should be independently verified by prospective purchasers. The property represents an estimated 8.0% cap rate based on the reported income and expenses, providing investors with stable in-place cash flow. The asset benefits from its location within the growing Sussex County market, where continued residential development and population growth are supporting strong rental demand. This is a compelling opportunity for investors seeking a performing multifamily asset with strong income, low expenses, and long-term upside in one of Delaware's fastest-growing regions. ## Location - **Address:** 28420 DELAWARE AV, Millsboro, DE 19966 - **County:** SUSSEX - **Coordinates:** 38.59795, -75.17345 - **Google Maps:** https://www.google.com/maps?q=38.59795,-75.17345 ## Listing Agent - **Name:** Wesley Cox - **Brokerage:** SVN/Miller Commercial Real Estate - **Broker Phone:** (410) 543-2440 ## Photos ![28420 DELAWARE AV - Photo 1](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f1189800706r.jpg) ![28420 DELAWARE AV - Photo 2](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f3224483810r.jpg) ![28420 DELAWARE AV - Photo 3](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f616082254r.jpg) ![28420 DELAWARE AV - Photo 4](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f3168192243r.jpg) ![28420 DELAWARE AV - Photo 5](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f2029643170r.jpg) ![28420 DELAWARE AV - Photo 6](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f3060600766r.jpg) ![28420 DELAWARE AV - Photo 7](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f538090664r.jpg) ![28420 DELAWARE AV - Photo 8](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f550345375r.jpg) ![28420 DELAWARE AV - Photo 9](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f1035899796r.jpg) ![28420 DELAWARE AV - Photo 10](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f4144255310r.jpg) ![28420 DELAWARE AV - Photo 11](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f2647098972r.jpg) ![28420 DELAWARE AV - Photo 12](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f2715771841r.jpg) ![28420 DELAWARE AV - Photo 13](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f3533426233r.jpg) ![28420 DELAWARE AV - Photo 14](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f3122592696r.jpg) ![28420 DELAWARE AV - Photo 15](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f3330297032r.jpg) ![28420 DELAWARE AV - Photo 16](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f2632898258r.jpg) ![28420 DELAWARE AV - Photo 17](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f914200566r.jpg) ![28420 DELAWARE AV - Photo 18](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f403564417r.jpg) ![28420 DELAWARE AV - Photo 19](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f1949108877r.jpg) --- **MLS#:** DESU2112076 | **Updated:** 2026-10-20 **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/28420-delaware-av-millsboro-de-19966-bce69b804a2f4c24b0e918f1eb5bb7da) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/28420-delaware-av-millsboro-de-19966-bce69b804a2f4c24b0e918f1eb5bb7da#listing", "url": "https://www.propertysimple.ai/listing/28420-delaware-av-millsboro-de-19966-bce69b804a2f4c24b0e918f1eb5bb7da", "name": "28420 DELAWARE AV, Millsboro, DE 19966", "description": "This offering presents the opportunity to acquire a cash-flowing multifamily investment property located at 28420 Delaware Avenue in Millsboro, Delaware. The property consists of approximately 3,000 square feet and generates estimated rental income of $7,250 per month ($87,000 annually). 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