This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/51
$2,295,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/51
Property Description
Rare investment opportunity in the heart of Historic Lewes, Delaware. Situated on picturesque Second Street in one of the area's most desirable and walk-able commercial districts, this mixed-use property offers a unique combination of retail and residential income in a premier downtown location. The building consists of four fully leased units, including two commercial spaces on the first floor and two residential apartments on the second floor. Unit 128 is occupied by a well-established florist, while Unit 130 serves as a retail storefront. Above, Unit 126 is a spacious two-bedroom, one-bath apartment with a private entrance from Second Street, and Unit 121 is a studio apartment with separate rear access. All four units are fully rented, generating approximately $74,000 in annual rental income. Sale includes real estate only; businesses are not included in the transaction. Positioned just blocks from the Lewes-Rehoboth Canal, Delaware Bay beaches, restaurants, shops, and attractions, this property offers investors the opportunity to own a fully occupied income-producing asset in one of Delaware's most sought-after coastal markets. Whether expanding an investment portfolio or securing a landmark downtown property with long-term appreciation potential, opportunities like this are rarely available in Historic Lewes.
Full Property Details
Full Property Details for 126 2nd St
General
- Price: $2,295,000
- Taxes: $2,951 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: DESU2112074
- Updated: 6/26/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Apartment Building, Flex, Other/General Retail, Profe
Rooms
Bathrooms
- Restrooms: 4
Parking
- Parking Type: None
Location
- Area: Lewes Rehoboth Hundred (31009)
- County: SUSSEX
- Cross Streets: Savannah Road
- Driving Directions: From Savannah Rd, turn onto 2nd St, property on left
- Location Details: Business District
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Multi Units
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric, Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block, Frame
- Foundation: Slab
- Stories/Levels: 2
- Building Size: 3180
- Year Built: 1850
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Lot Size Source: Assessor
- Lot Dimensions: 28.00 x 95.00
- Zoning: TN
Financial Considerations
- Price Per Sq. Ft.: $721.7
- Assessment Year: 2025
- School Tax: $1,917
- City/TownTax: $818
- City/TownTax Freq: Annually
- County Tax: $216
- County Tax Freq: Annually
- Tax Amount: $2,951
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
Listed by RE/MAX Realty Group Rehoboth, Debbie Reed and RE/MAX Realty Group Rehoboth, AMY WARICK
Get Pre-Approved Today
Schools
Schools serving 126 2nd St
School District:Cape Henlopen School District
| Name | Grades | Distance |
|---|---|---|
Shields (Richard A.) Elementary School 820 Savannah Road, Lewes, DE 19958 | PK-5 | 0.6 mi |
Cape Henlopen High School 1250 Kings Highway, Lewes, DE 19958 | 8-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 126 2nd St
Date
Details
Price
Change
Source
6/26/2026
Listed
$2,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 126 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,134
57%
$27,550
—
2023
$1,357
4%
$27,550
—
2022
$1,309
1%
$27,550
—
2021
$1,297
—
$27,550
—
2020
$1,293
—
$27,550
—
2019
$1,295
7%
$27,550
—
2018
$1,210
4%
$27,550
—
2017
$1,159
5%
$27,550
—
2016
$1,100
5%
$27,550
—
2015
$1,052
1%
$27,550
—
2014
$1,044
3%
$27,550
—
2013
$1,014
—
$27,550
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 126 2nd St
126 2nd Street, Lewes, DE 19958 (MLS# DESU2112074) is a Apartment property. 126 2nd Street is currently listed for $2,295,000 and was received on June 26, 2026. Want to learn more about 126 2nd Street? Do you have questions about finding other Apartment real estate for sale in Lewes? You can browse all Lewes real estate or contact a Coldwell Banker agent to request more information.

