Duplex with Two Rental
29 N NEW Street Dover, DE 19904
29 N NEW Street, Dover, DE, 19904
$250,000
For Sale
$250,000
MULTI_FAMILY - Colonial - DOVER, DE
Property Size1,591 SF
Lot Size0.07 Acres
Price / SF$157.13
Days on Market22
Property Features for 29 N NEW Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,591 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 908
Utilities
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Colonial
Listing agency
Keller Williams Realty Central-Delaware
(302) 677-0020
Listed by
Casey L Gore · License #RS-0024991
(302) 331-3568
Added: Jul 1 Updated: Jul 18 at 5:00PM Checked: Jul 22 at 8:06PM
MLS# DEKT2048172
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 property is a duplex converted from a single-family home, providing two separate residential units. The first-floor apartment is tenant-occupied and includes 2 bedrooms, 1 full bath, and an open-concept kitchen and living area. The second-floor apartment has its own private entrance and offers 1 bedroom and 1 full bath with an efficient, self-contained layout.
The duplex is located in Dover, Delaware (Kent County), near shopping, dining, schools, and major commuting routes. The address is 29 N New Street, Dover, DE 19904.
This setup can fit buyers looking for a straightforward owner-managed or investor-held rental structure with separate living spaces. The presence of a tenant in the first-floor unit may be useful for purchasers seeking immediate occupancy within one of the apartments. Details on current lease information and rental income are available upon request.
The duplex is located in Dover, Delaware (Kent County), near shopping, dining, schools, and major commuting routes. The address is 29 N New Street, Dover, DE 19904.
This setup can fit buyers looking for a straightforward owner-managed or investor-held rental structure with separate living spaces. The presence of a tenant in the first-floor unit may be useful for purchasers seeking immediate occupancy within one of the apartments. Details on current lease information and rental income are available upon request.
Key Highlights
- Income‑producing duplex with two separate residential units in a converted single‑family home
- 1st‑floor unit is currently tenant‑occupied and features 2 bedrooms and 1 full bath
- 2nd‑floor unit has its own private entrance and offers 1 bedroom and 1 full bath
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 | $25.8k | $16.20 |
| − Vacancy | −$1.1k | −$0.72 |
| EGI | $24.6k | $15.48 |
| − OpEx | −$7.4k | −$4.64 |
| NOI | $17.2k | $10.83 |
1,591 SF · lease $16.20/SF/yr · vacancy 4.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.2K
$215.5K – $287.3K
NOI $17,237 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,911 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$400.6K
$350.6K – $467.4K
NOI $28,044 @ 7.0% cap · market cap 11.22%
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 - Income-producing duplex with two separate apartments, including a tenant-occupied first-floor unit.
Where is this duplex located?
The property is located at 29 N NEW Street Dover, DE.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Income‑producing duplex with two separate residential units in a converted single‑family home; 1st‑floor unit is currently tenant‑occupied and features 2 bedrooms and 1 full bath; 2nd‑floor unit has its own private entrance and offers 1 bedroom and 1 full bath
