# 28420 DELAWARE AV, Millsboro, DE 19966

> **TL;DR:** other, $999,999, built 2015. Est. $4,333/mo. Listed 17 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $999,999 |
| Year Built | 2015 |
| Property Type | Other (Other) |
| Status | For Sale |
| Days on Market | 17 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,333 |
| **Total** | **$4,333** |

## 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 7.4% 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
- **Phone:** 4105432421
- **Email:** wesley.cox@svn.com

## Primary Photo

![28420 DELAWARE AV - Primary Photo](http://lh.rdcpix.com/daf3c5ec0898a1f7c5995dfc4d91f999l-f1189800706r.jpg)

*19 total photos available on [listing page](https://www.propertysimple.com/listing/28420-delaware-av-millsboro-de-19966-u2112076)*

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**MLS#:** DESU2112076 | **Updated:** 2026-06-17
**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.com/listing/28420-delaware-av-millsboro-de-19966-u2112076)

---

## Structured Data

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  "@type": "RealEstateListing",
  "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). 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 verifi",
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  "datePosted": "2026-06-17",
  "price": 999999,
  "priceCurrency": "USD",
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    "postalCode": "19966",
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