Three-Bedroom
For Sale
Under Contract
$249,900
303 N FRONT Street, Seaford, DE 19973
Multi-Family, SEAFORD, DE
Property Size843 SF
Lot Size0.27 Acres
Price / SF$296.44
Days on Market114
Property Features for 303 N FRONT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Driveway
Elementary school district
SEAFORD
Middle school district
SEAFORD
High school district
SEAFORD
Standard status
Active Under Contract
Size
843 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
1827
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1990
Number of units
2
Building materials
Block
Architectural style
Colonial
Listing Agency:
Linda Vista Real Estate
(302) 313-1600
Listed By:
Jose Quinones · License #RB-0020840
(302) 684-9735
Added: May 14
Changed: Sep 1
Last Checked: Sep 4 at 11:06AM
MLS# DESU2111626
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 Colonial-style duplex, built in 1990, contains two residential units within an 843-square-foot property. Each side includes three bedrooms, one full bathroom, a kitchen connected to the dining area, and a separate living room. Block construction, electric baseboard heating, and driveway parking complete the documented improvements.
The property occupies 0.27 acres at 303 N Front Street in Seaford, Delaware, two blocks from the Nanticoke River. Unit A is tenant occupied and available for viewing as a second showing. Unit B has been photographed throughout.
The property occupies 0.27 acres at 303 N Front Street in Seaford, Delaware, two blocks from the Nanticoke River. Unit A is tenant occupied and available for viewing as a second showing. Unit B has been photographed throughout.
Key Highlights
- Two‑unit duplex with matching three‑bedroom layouts
- Each unit includes one full bathroom, kitchen, dining area, and separate living room
- 843 square feet on 0.27 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$178,760
$178.8K
Cap Rate 7%
$127,686
$127.7K
Cap Rate 9%
$99,311
$99.3K
Market Conditions
NOI Build-Up for 843 SF
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.
Gross rent
$13.7K $16.20/SF
− Vacancy
−$888 −$1.05/SF
EGI
$12.8K $15.15/SF
− OpEx
−$3.8K −$4.54/SF
NOI
$8.9K $10.60/SF
Area
Sussex 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$178,760
Cap Rate 7%
$127,686
Cap Rate 9%
$99,311
Alternative Uses
Best Use
Multifamily LT 5
$127.7K
$111.7K – $149.0K
NOI $8,938 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$118.3K
$103.5K – $138.0K
NOI $8,281 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$231.7K
$202.7K – $270.3K
NOI $16,216 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 19973, DE
25,550
Population
10,725
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
84.0 sq mi
ZIP Area
304
Density / Sq Mi
$62,668
Median Household Income
$36,439
Median Earnings
$1,131
Median Rent
$254,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching layouts with separate living areas, dining spaces, kitchens, and full bathrooms.
Where is this duplex located?
The property is located at 303 N FRONT Street Seaford, DE.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex with matching three‑bedroom layouts; Each unit includes one full bathroom, kitchen, dining area, and separate living room; 843 square feet on 0.27 acres
