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Property Description
A very rare and truly unique opportunity in the heart of Historic Old New Castle. The updated End of Row Home features 4 bedrooms, 1.5 baths, abundant natural light, and 21HC - Historic Commerce Zoning, offering a rare blend of timeless historic charm and versatile mixed-use potential. Whether you envision a distinctive primary residence, boutique retail or office space, or an inspiring live-work environment, this remarkable property offers endless possibilities in one of the area's most cherished historic settings. Extensively expanded and renovated in 2016, the main level showcases vaulted ceilings, an airy open floor plan, exposed wood beams, architectural character, and an abundance of natural light. An additional extension provides exciting potential for a kitchen area and half bath, creating even more flexibility for residential or commercial use. The second level features two bedrooms and a full bath, while the third floor offers 2 additional bedrooms, loft, or dedicated workspace. Step outside to experience the timeless appeal of cobblestone streets, a private rear deck, and a picturesque backyard setting. Just steps from the Delaware River waterfront, local restaurants, and the many attractions of historic Old New Castle, this property offers a rare chance to own a piece of history while bringing your vision for the future to life. Adding to its unique character, a historic Coca-Cola advertisement was uncovered on the side of the building during the renovation, a fascinating glimpse into the property's past and a distinctive conversation piece that celebrates its historic roots. Historic Commerce District - The HC district accommodates historical commercial activities and mixed uses within the designated Historic District. It aims to preserve the character, architectural scale, and walkability of the colonial commercial core while permitting flexible low-intensity retail, office, and residential uses. An excellent opportunity to make a distinctive piece of Old New Castle History your own.
Full Property Details
Full Property Details for 118 Delaware St
General
- Price: $625,000
- Taxes: $4,197 (2025)
- Status: Active
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: DENC2112976
- Updated: 10/23/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Other/General Retail
Interior
- Flooring: Hardwood
Rooms
Bathrooms
- Restrooms: 2
Additional Information
- Security/Safety: Monitored
Parking
- Total Spaces: 2
- Parking Type: On Street
Location
- Area: New Castle/Red Lion/Del.City (30904)
- County: NEW CASTLE
- Driving Directions: Route 13 to Route 9, to Delaware St. Property on right.
- Location Details: Downtown
- Historic District: Yes
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s), 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Dist. to Water: 1000 Feet
- Utility Description: Cable TV, Natural Gas Available, Sewer Available, Other
Structural Information
- Construction: Brick, Wood Siding
- Foundation: Block, Stone
- Ceiling Height: 12' to 15', 10' to 12', 8' to 10'
- Doors: Six Panel
- Entry Floor Number: 1
- Stories/Levels: 3
- Building Size: 2480
- Year Built: 1760
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Property View: River
- Lot Size Source: Estimated
- Fence: Yes
- Topography: End of Row Sloping to the Rear of the Property.
- Zoning: 21HC
Water Features
- Water View: Yes
- Water Front Type: River
- Water Front Name: Delaware River
Financial Considerations
- Price Per Sq. Ft.: $252.02
- City/TownTax: $2,276
- City/TownTax Freq: Annually
- Tax w/Assessment: $412,700
- Tax Amount: $4,197
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Owners Personal Property
- Inclusions: All appliances.
- Investment: Yes
Listed by Monument Sotheby's International Realty, George W. Hobbs
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Schools
Schools serving 118 Delaware St
School District:Colonial School District, Delaware City, DE
| Name | Grades | Distance |
|---|---|---|
Downie (Carrie) Elementary School 1201 Delaware Street, New Castle, DE 19720 | K-5 | 0.9 mi |
McCullough (Calvin R. ) Middle School 20 Chase Avenue, New Castle, DE 19720 | 6-8 | 2.7 mi |
Penn (William) High School 713 East Basin Road, New Castle, DE 19720 | 9-12 | 1.2 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 118 Delaware St
Date
Details
Price
Change
Source
10/23/2026
Listed
$625,000
—
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 118 Delaware St
Year
Property Taxes
Change
Tax Assessment
Change
2025
100%
$412,700
380%
2024
-100%
$86,000
—
2023
$2,231
100%
$86,000
—
2022
100%
$86,000
—
2021
-100%
$86,000
—
2020
$2,309
9%
$86,000
—
2017
$2,126
-8%
$86,000
—
2019
$2,323
25%
$86,000
—
2016
$1,859
—
$86,000
—
2015
$1,860
—
$86,000
—
2014
$1,861
469%
$86,000
—
2013
$327
—
$86,000
—
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 118 Delaware St
118 Delaware Street, New Castle, DE 19720 (MLS# DENC2112976) is a Retail property. 118 Delaware Street is currently listed for $625,000 and was received on October 23, 2026. Want to learn more about 118 Delaware Street? Do you have questions about finding other Retail real estate for sale in New Castle? You can browse all New Castle real estate or contact a Coldwell Banker agent to request more information.

