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45 Whispering Oak Drive Milford, DE $ 760,000
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$ 760,000 Get more info
45 Whispering Oak Drive
$ 760,000
Back to search
Share Save

45 Whispering Oak Drive

Milford, DE, 19963
$ 760,000
Bedrooms-- Baths-- Sq 4,400

Monthly Estimate*

$ 4,741

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Commercial Property for sale in Milford, DE

for $760,000. This 4,400 square foot building was built in 1961 on a lot size of 2.1.

Discover a rare opportunity to own nine steady income streams on a sprawling 3.9-acre parcel just minutes from downtown Milford. This property includes eight (8) two-bedroom apartments and one land lease with an on-site maintenance tenant, offering turnkey stability and built-in management. Each 550 sq. ft. apartment features 2 bedrooms, 1 bath, a kitchen/dining combo, and a cozy living room with baseboard heat. Rents range from $600$1,000 per month, with current rates sitting well below comparable market rents presenting immediate value-add potential for the next owner. All units are currently leased by reliable tenants with consistent rent history. Additional features also include 3 septic systems, shared well, and pump house. Ideal for investors, 1031 exchange buyers, or portfolio builders seeking cash flow and long-term growth potential in one of Delawares fastest-growing regions just outside Milford city limits with quick access to Rt. 1, the beaches, and Dover.

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Commercial Active

Price

$ 760,000

Property Type

Commercial

Taxes

$ 2,365

Style

Apartment Building

Lot Size

2.1

Year Built

1961

Town/City

Milford

County/Region

Kent

MLS | Web ID

DEKT2034600
Features
Interior
Heating Fuel Electric
Flooring Vinyl Carpet Luxury Vinyl Plank
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Gravity Sept Fld
Heating Baseboard - Electric
Cooling None
Possession Settlement
Roof Shingle
Zoning AC
Construction Materials Concrete Vinyl Siding Frame
Year Built 1961
Property Subtype Five Or More Units
Tax Year 2024
Ownership Fee Simple
Cool Fuel None
Business Type Apartment Building
Accessibility No Stairs
County KENT
Insurance Expense 2001.00
New Construction N
Property Type Commercial Sale
Possible Use Apartments Double-Wide Investment
Water Access Y/N N
Status ACTIVE
Directions From Dover: travel south on route 1. Exit ramp to Thompsonville Road. Turn right onto Thompsonville Rd. Turn right onto Paris Kirby Road. Continue onto Big Stone Beach Rd. Whispering Oak DR is on you
City MILFORD
Number Of Units Total 8
MLS Area Milford (30805)
Lot Size Units Square Feet
Lot Size Square Feet 91476.00
Tax Annual Amount 2365.0
Property Condition Average
Price Per Sq Ft Total AG 135.71
Acceptable Financing Cash Conventional
Avg. Electric Per Month 90.0
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Rural
Standard Status Active
Year Built Source Assessor
Tax Lot 1100-000
Association Recreation Fee N
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Exterior
Lot Features Partly Wooded Private
Water Source Community Well-Shared
Type of Parking On Street
Foundation Details Concrete Perimeter
Water View Y/N N
Building Area Total 5600.00
Lot Dimensions 2.10 x 0.00
Lot Size Acres 2.10
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 199300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 45
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* Excluded Features
List By
Keller Williams Realty

Broker

kate.lewis@kw.com

Email

Affordability Calculator

$4,938
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,741
Monthly Property Taxes
$197
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/21/2025$760,000 -5.00% Price Down
1/29/2025$800,000 Listed Price

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45 Whispering Oak Drive, Milford, DE, 19963 is a Commercial Property for sale at $760,000 with 4,400 sqft and a lot size of 2.1. 45 Whispering Oak Drive was built in 1961. The property's zip code is 19963 which is in Milford, DE

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