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An exceptional mixed-use investment opportunity in the heart of Historic Downtown Milton. This well-maintained income-producing property features five leasable units, offering a diverse and stable revenue stream with three residential apartments and two commercial spaces. The residential component includes one spacious 3-bedroom apartment and two well-appointed 2-bedroom apartments, providing highly desirable rental options in one of Sussex County's most charming downtown communities. The commercial spaces include a restaurant tenant and a basement for storage, along with an additional leased commercial space, creating excellent tenant diversification and long-term investment appeal. Ideally situated on Federal Street, the property enjoys outstanding visibility, walkability, and convenient access to Milton's thriving restaurants, breweries, specialty shops, parks, and year-round community events. Historic Milton continues to experience strong demand from both residents and businesses while remaining just a short drive from the Delaware beaches, making this a compelling opportunity for investors seeking consistent cash flow and value. Whether you're expanding your investment portfolio or acquiring a signature mixed-use property in a growing downtown market, 102 Federal Street offers the rare combination of residential stability, commercial income, and an unbeatable location in one of coastal Delaware's most desirable small towns.
| DAYS ON MARKET | 0 | LAST UPDATED | 7/2/2026 |
|---|---|---|---|
| YEAR BUILT | 1910 | COMMUNITY | Broadkill Hundred (31003) |
| COUNTY | SUSSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | CAPE HENLOPEN |
|---|---|
| High School | CAPE HENLOPEN |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Broadkill Hundred (31003) |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric, Heat Pump |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 60.24 x 119.18 x 54.95 x 55.93 x 52.74 |
| PARKING | On Street, Parking Lot |
| SEWER | Public Sewer |
| STORIES | 2 |
| TAXES | 2729 |
| UTILITIES | Cable Available, Propane |
| WATER | Public |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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