Two-Unit
New
For Sale
$275,000
2719 N JEFFERSON Street, Wilmington, DE 19802
Multi-Family, WILMINGTON, DE
Property Size1,650 SF
Lot Size0.05 Acres
Price / SF$166.67
Days on Market2
Property Features for 2719 N JEFFERSON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Bathroom - Tub Shower, Dining Area, Floor Plan - Traditional, Formal/Separate Dining Room, Wood Floors
Appliances
Oven/Range - Electric, Oven/Range - Gas, Refrigerator
Subdivision
NINTH WARD
Elementary school district
RED CLAY CONSOLIDATED
Middle school district
RED CLAY CONSOLIDATED
High school district
RED CLAY CONSOLIDATED
Special listing conditions
In Foreclosure
Standard status
Active
Size
1,650 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2096
Utilities
Heating system
Hot Water(Heating), Other (Heating)
Building Details
Year built
1930
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: Oct 4
Last Checked: Oct 5 at 5:06PM
MLS# DENC2112408
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 1,650-square-foot brick duplex was built in 1930 and sits on a 0.05-acre lot. The first-floor apartment has one bedroom, a dining area, kitchen, full bathroom, and basement access. Upstairs, the two-bedroom apartment includes its own dining area, kitchen, full bathroom, and rear access to the backyard. The basement has an exterior entrance and can accommodate storage and laundry. Gas and electric service are separately metered, with two electric panels, two boilers, and two hot water tanks; water is shared.
Parks, places of worship, and educational facilities are within walking distance. Major highways, Wilmington’s Central Business District, and the Riverfront are a short drive away.
Parks, places of worship, and educational facilities are within walking distance. Major highways, Wilmington’s Central Business District, and the Riverfront are a short drive away.
Key Highlights
- Two apartments: one 1‑bedroom unit and one 2‑bedroom unit
- 1,650 square feet on a 0.05‑acre lot
- Separate gas and electric meters, two electric panels, two boilers, and two hot water tanks; water is shared
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,495
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,900
$349.9K
Cap Rate 7%
$249,929
$249.9K
Cap Rate 9%
$194,389
$194.4K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$26.7K $16.20/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$25.0K $15.15/SF
− OpEx
−$7.5K −$4.54/SF
NOI
$17.5K $10.60/SF
Area
New Castle County, DE
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,900
Cap Rate 7%
$249,929
Cap Rate 9%
$194,389
Alternative Uses
Best Use
Multifamily LT 5
$249.9K
$218.7K – $291.6K
NOI $17,495 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$223.3K
$195.4K – $260.5K
NOI $15,629 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$394.7K
$345.3K – $460.5K
NOI $27,627 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two apartments.
Where is this duplex located?
The property is located at 2719 N JEFFERSON Street Wilmington, DE.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two apartments: one 1‑bedroom unit and one 2‑bedroom unit; 1,650 square feet on a 0.05‑acre lot; Separate gas and electric meters, two electric panels, two boilers, and two hot water tanks; water is shared
