Exceptional Mixed-Use Investment Opportunity in the Heart of Middletown! 22 W Main Street—a fully-leased, free-standing mixed-use building offering a rare opportunity in one of Middletown’s most active commercial corridors. This well-maintained property is ideally positioned on a vibrant stretch of West Main Street, surrounded by thriving businesses and within walking distance to shops, dining, and community amenities. The first floor features two established retail/office tenants, while the second and third floors are configured as three spacious 2-bedroom one bath apartments and fully leased producing income. All units are separately metered for electric and the entire building is fully sprinklered. To the rear of the property, private off-street parking accommodates approximately 10+- vehicles and connects directly to the adjacent Middletown municipal parking lot—ensuring convenience for both residential and commercial tenants. This turnkey asset offers immediate income and long-term upside, with potential to enhance residential revenue. A rare combination of stability, condition, and location make this an outstanding addition to any investment portfolio.
For sale
$1,100,000
20 S Main St, Middletown, DE 19709
6beds
--baths
6,384sqft
Est.:
Multi Family
Built in 1918
-- sqft lot
$-- Zestimate®
$172/sqft
$-- HOA
What's special
Private off-street parking
- 6 days
- on Zillow |
- 566 |
- 38 |
Zillow last checked: 7 hours ago
Listing updated: August 17, 2025 at 06:58am
Listed by:
Paul Pantano 302-888-0300,
Pantano Real Estate Inc 3028880300
Source: Bright MLS,MLS#: DENC2087750

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Heat Pump, Radiant, Electric, Oil
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Eat-in Kitchen
- Windows: Vinyl Clad, Double Hung
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 6,384
- Total interior livable area: 6,384 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved, Off Street
Accessibility
- Accessibility features: Other Bath Mod
Features
- Pool features: None
- Has view: Yes
- View description: Street
Lot
- Size: 4,356 Square Feet
- Dimensions: 45 x 140
- Features: Level, Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 23008.00026
- Zoning: C2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stone
- Roof: Flat
Condition
- Good
- New construction: No
- Year built: 1918
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Middletown
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $644,700
- Annual tax amount: $4,938
- Date on market: 8/17/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional
- Inclusions: Owner Owned Appliances
- Exclusions: Tenant Owned Appliances And Tenants Personal Property
- Ownership: Fee Simple
- Total actual rent: 99600
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