394 DENNY STREETLEIPSIC, DE 19901

Multi-Family · 1,742 Sq. ft. | 0.09 Acres
$299,000 ACTIVE

394 DENNY STREET Overview

Time on Site:
5 days
Visits:
2

Turnkey Duplex Investment Opportunity in Leipsic, Delaware! Add this income-producing duplex to your investment portfolio. Situated in the charming waterfront community of Leipsic, this well-maintained property features two 2-bedroom, 1-bathroom units totaling approximately 1,742 square feet. Unit A offers approximately 800 square feet, a private driveway, and is currently leased for $1,225 per month through January 2027. Unit B also offers approximately 800 square feet and is leased for $1,225 per month through March 2027. The property benefits from separate utilities for each unit, helping minimize owner expenses. Additional features include well water, newer windows in both units, a 3-year-old propane furnace serving Unit A, and recently updated flooring, paint, and appliances. With established rental income, a strong tenant history, and several capital improvements, this duplex presents an excellent opportunity for seasoned investors, those looking to expand their rental portfolio or even owner-occupants. Conveniently located near Dover and the AFB, Route 1, local employers, and Delaware's coastal attractions. Don't miss your chance to own a solid income-producing property in a growing Delaware market.

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394 DENNY STREET Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,742
  • Price/Sq.ft. $172
  • Lot 0.09 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Yearly

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • Building Name: NONE
  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 1742
  • Year Built: 1940

Location/Region

  • Country: US
  • County: KENT
  • County Or Parish: KENT
  • In City Limits: No
  • MLS Area Major: Capital (30802)

Parking Information

  • Total Parking Spaces: 3
  • Type of Parking: Driveway,On Street

Rent/Lease Information

  • Lease Considered: No

Tax Information

  • County Tax: 97.00
  • County Tax Payment Frequency: Annually
  • School Tax: 906.00
  • Tax Annual Amount: $1,013.00
  • Tax Assessed Value: 170900.00
  • Tax Year: 2025

General Information

  • Municipal Trash: No
  • Property Condition: Very Good
  • Property Sub Type: Duplex
  • Property Type: Multi-Family
  • Rent Control: No
  • School District Name: CAPITAL
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: NA

Unit Information

  • Other Units: Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Propane - Owned,Electric

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Detached
  • Wall & Ceiling Types: Dry Wall

Building Interior

  • Above Grade Finished Area: 1742
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Cooling: Window Unit(s)
  • Electric: 200+ Amp Service
  • Fireplace: No
  • Flooring: Luxury Vinyl Plank
  • Foundation Details: Slab
  • Living Area: 1742
  • Living Area Source: Assessor
  • Spa: No
  • Stories Total: 1

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 2

Exterior

Lot Information

  • Lot Size Source: Estimated
  • Lot Size Square Feet: 3920.00
  • Lot Size Units: Square Feet
  • Water Source: Well

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Cape Cod
  • Construction Materials: Vinyl Siding, Aluminum Siding
  • Roof: Shingle

General Information

  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Of Units Vacant: 0
  • Other Structures: Above Grade,Below Grade
  • Sewer: No Septic System
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 1225.00
  • Beds Total: 2
  • Description: 2 bedroom, one full bathroom, living room, kitchen, 3 yr old gas furnace, newer LVP flooring, appliances and bathroom fixtures.

Unit 2 Details

  • Unit Type: Unit 1
  • Total Rent: 1225.00
  • Beds Total: 2
  • Description: 2 bedroom, one full bathroom, living room, new kitchen, newer LVP flooring, fresh paint and recently updated bathroom.

394 DENNY STREET Neighborhood

Community

19901 (DOVER) Demographics

33
Median Age
432
Population Density (per sq. mile)
33%
College Educated
$53,314
Estimated Median Income
8,060
Estimated Total Home Owners
6,432
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

394 DENNY STREET Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

394 DENNY STREET Market Data

Based on the last 30 days in this zip code

$357,818
Average List Price
$180
Average Price per Square Foot
27
Properties Sold
93
Average Days on Market
165
Properties for Sale
Calculations provided by Reliance Network

394 DENNY STREET History

Date Event Value Agent
6/26/2026Source: BRIGHT MLS Status Change
ACTIVE
6/24/2026Source: BRIGHT MLS Added to Database
June 24, 2026
Listing provided courtesy of Crown Homes Real Estate- MLS# DEKT2048316MLS ProviderContact Information: 3025046147