338 Market St, Lewes, DE, 19958
About This Home
Rare Investment Opportunity in the Heart of Historic Lewes! Opportunities like this do not come around often. Nestled on a quiet street in the highly coveted Historic District of Lewes, this 3-unit property offers the perfect blend of historic charm and investment potential. Whether you are looking for a lucrative addition to your portfolio, a multi-generational family compound, or a "live in one unit, rent the other two" house-hacking strategy, this home delivers. Unit1 features 3 bedrooms, 2 baths, kitchen, formal dining room, living room and large roof top deck. Unit 2 features a first floor entrance, an open living and dining room, a kitchen, a large bedroom, and a full bath. The 3rd unit offers an eat-in kitchen, bright living room, bedroom, full bath, and garage access. The full basement offers plenty of storage space. Don't miss this unbeatable location, just steps away from Second Street’s award-winning dining, boutique shopping, and the Lewes Farmers Market and a short bike ride to Lewes Beach and Cape Henlopen State Park. Call today!
Getting Around
Somewhat Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1893
Materials
- Foundation: Block
- Roof: Architectural Shingle
- Construction materials: Stick Built
Type & Style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Oven/Range - Electric,Refrigerator,Water Heater,Extra Refrigerator/Freezer
Basement
- Has basement: Yes
- Basement: Full,Unfinished,Sump Pump
Bathroom1
- Level: Upper
Bathroom2
- Level: Upper
Bedroom1
- Features: Flooring - HardWood
- Level: Upper
Bedroom2
- Features: Flooring - HardWood
- Level: Upper
Bedroom3
- Features: Flooring - HardWood
- Level: Upper
Bedroom4
- Level: Main
Bedroom5
- Features: Flooring - HardWood
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 2
Dining Room
- Features: Formal Dining Room,Flooring - HardWood
- Level: Upper
Features
- Additional Stairway,2nd Kitchen,Bathroom - Stall Shower,Soaking Tub,Entry Level Bedroom,Floor Plan - Traditional,Formal/Separate Dining Room,Eat-in Kitchen,Pantry
- Door features: Storm Door(s)
- Window features: Storm Window(s),Screens,Window Treatments
- Flooring: Hardwood,Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 2,792
Heating & Cooling
- Heating features: Radiator,Oil
- Cooling features: Window Unit(s),Zoned,Electric
Interior Area
- Total structure area: 2,792
- Total interior livable area: 2,792 sqft
Kitchen
- Features: Kitchen - Electric Cooking,Pantry,Flooring - Vinyl
- Level: Upper
Kitchen
- Features: Eat-in Kitchen,Kitchen - Electric Cooking
- Level: Main
Kitchen
- Features: Kitchen - Electric Cooking,Flooring - Vinyl
- Level: Main
Living Room
- Features: Flooring - HardWood
- Level: Upper
Living Room
- Features: Flooring - HardWood
- Level: Main
Living Room
- Features: Flooring - HardWood
- Level: Main
Other
- Level: Main
Other
- Level: Main
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 33508.07225.00
- Zoning: TN
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Patio & porch: Roof,Deck,Wrap Around,Porch
- Fencing: Partial
- Has view: Yes
- View description: Garden
Lot
- Lot size: 6,534 sqft
- Lot size dimensions: 50.00 x 132.00
Parking
- Total spaces: 1
- Parking features: Garage Faces Side,Garage Door Opener,Driveway,Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Cold Wave
- Hurricane
- Winter Weather
- Inland Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Delaware Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,067 | $72,804 |
| Home Insurance * | $152 | $1,824 |
| Property Taxes | $370 | $4,440 |
| Electricity | $308 | $3,705 |
| Total | $6,897 | $82,764 |
Income You'd Need if You Spent...
Delaware FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Price change | $1,199,900 |
| 2026-06-05 | Listed for sale | $1,399,900 |
For Sale by Agent
View on Zillow