Two-Unit Duplex Apartment
1001 & 1003 W 8th St. W 8TH Street Wilmington, DE 19806
1001 & 1003 W 8th St. W 8TH Street, Wilmington, DE, 19806
$950,000
For Sale
$950,000
MULTI_FAMILY - Colonial - WILMINGTON, DE
Property Size4,350 SF
Lot Size0.11 Acres
Price / SF$218.39
Days on Market97
Property Features for 1001 & 1003 W 8th St. W 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 4
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 4,350 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8065
Utilities
- Heating system
- Heat Pump (Heating), Hot Water(Heating), Electric (Heating), Forced Air, Baseboard
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1889
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing agency
Pantano Real Estate Inc
(302) 888-0300
Listed by
Joseph P Hurley III · License #RS-0018346
(302) 740-5524
Added: Apr 18 Updated: Jul 22 at 6:49PM Checked: Jul 23 at 3:06AM
MLS# DENC2099036
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex apartment building is a twin structure with separate entrances for each unit and a common-access basement. Unit 1001 includes four bedrooms, while Unit 1003 includes five bedrooms. The property also includes a limited amount of off-street parking, and the units are described as having separate systems.
The building is located on the west side of Wilmington, Delaware, with proximity to highways, places of worship, and educational facilities, and it is described as moments from Trolley Square, Union Street, and the Central Business district downtown.
The current configuration provides a straightforward two-family setup with independent entrances and shared basement access, supporting day-to-day operation for the next owner or operator.
The building is located on the west side of Wilmington, Delaware, with proximity to highways, places of worship, and educational facilities, and it is described as moments from Trolley Square, Union Street, and the Central Business district downtown.
The current configuration provides a straightforward two-family setup with independent entrances and shared basement access, supporting day-to-day operation for the next owner or operator.
Key Highlights
- Two‑unit apartment building (twin structure) with separate entrances and a common access basement
- 1001 unit has 4 bedrooms; 1003 unit has 5 bedrooms
- Brick construction with Colonial architectural style
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.5k | $16.20 |
| − Vacancy | −$4.6k | −$1.05 |
| EGI | $65.9k | $15.15 |
| − OpEx | −$19.8k | −$4.54 |
| NOI | $46.1k | $10.60 |
4,350 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.9K
$576.5K – $768.7K
NOI $46,123 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$588.6K
$515.0K – $686.7K
NOI $41,203 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.04M
$910.4K – $1.21M
NOI $72,834 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with separate entrances and a common-access basement, featuring four- and five-bedroom units plus limited off-street parking.
Where is this duplex located?
The property is located at 1001 & 1003 W 8th St. W 8TH Street Wilmington, DE.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑unit apartment building (twin structure) with separate entrances and a common access basement; 1001 unit has 4 bedrooms; 1003 unit has 5 bedrooms; Brick construction with Colonial architectural style
