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Updated Duplex in Wilmington

1607 W 4TH Street Wilmington, DE 19805

For Sale

$230,000

MULTI_FAMILY - Other - WILMINGTON, DE

Property size:

1,800 SF

Lot size:

0.04 Acres

Price / SF:

$127/SF

For Sale

$230,000

MULTI_FAMILY - Other - WILMINGTON, DE

Property size:

1,800 SF

Lot size:

0.04 Acres

Price / SF:

$127/SF

Added:: Mar 27, 2026
Days on Market:: 107
Last Refresh:: Jul 11 at 12:06 pm

Property Features for 1607 W 4TH Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Assigned, On Street
Standard status: Active
Size: 1,800 SF
Lot size: 0.04 Acres

Taxes and HOA fees

Tax Annual Amount: 2531

Utilities

Heating system: Other (Heating)
Cooling system: Central Air

Building Details

Year built: 1890
Number of units: 2
Building materials: Brick
Architectural style: Other

Listing agent Jemimah E. Chuks License #RS-0026132

Listing office EXP Realty, LLC 11 Parkway Circle unit: 200, Dover, DE

Listing date Mar 27, 2026

MLS# DENC2099576 Listing URL

Investment Insights

Based on property information with market context.

Located in Wilmington, Delaware, this two-unit property at 1607 W 4th St presents an opportunity for investors and first-time homebuyers. The main floor unit features one bedroom and one bathroom and has been updated. The second-floor unit includes two bedrooms, two bathrooms, and a bonus room suitable for a home office or a possible third bedroom. The property has updated electrical systems. The lot size is 0.04 acres, and the property size is 1800 square feet. The current tenants are paying $1,400. This multi-unit setup allows investors to add to their rental portfolio. First-time buyers can live in one unit and generate income from the second unit to offset mortgage payments.

Key Highlights

Brick 2‑unit property at 1607 W 4th St, Wilmington, DE 19805
Main‑floor unit: 1 bed, 1 bath; described as already updated
Second‑floor unit: 2 beds, 2 baths plus a bonus room for a home office or possible 3rd bedroom

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.2k	$16.20
− Vacancy	−$1.9k	−$1.05
EGI	$27.3k	$15.15
− OpEx	−$8.2k	−$4.54
NOI	$19.1k	$10.60

1,800 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$272.6K

$238.6K – $318.1K (±1% cap)

NOI $19,085 @ 7.0% cap · market cap 8.30%

Second Best

Apartment 5plus

$243.6K

$213.1K – $284.2K (±1% cap)

NOI $17,049 @ 7.0% cap · market cap 7.41%

Theoretical Best

Office A

$430.5K

$376.7K – $502.3K (±1% cap)

NOI $30,138 @ 7.0% cap · market cap 13.10%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
DE
Wilmington
19805
1607 W 4TH Street

What type of property is this?

Duplex - Two-unit property with updated electrical systems, suitable for investors.

Where is this duplex located?

The property is located at 1607 W 4TH Street Wilmington, DE.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Brick 2‑unit property at 1607 W 4th St, Wilmington, DE 19805; Main‑floor unit: 1 bed, 1 bath; described as already updated; Second‑floor unit: 2 beds, 2 baths plus a bonus room for a home office or possible 3rd bedroom

1607 W 4TH Street Wilmington, DE 19805

MULTI_FAMILY - Other - WILMINGTON, DE

Property Features for 1607 W 4TH Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Multi-Tenant Office Building with Private Parking

Detached Triplex with Private Parking

Bar and Package Store with Liquor License

Renovated Two-Story Office Building

Triplex with Separate Utilities

Wilmington Triplex: Investment Opportunity

Trinity Vicinity Triplex in Wilmington

Two-Unit Duplex with Two Bedrooms

Two-Unit Cape Cod with Garage

Duplex with Private Rear Decks

Office Building with Private Parking

Three-Unit Residential Income Property

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