600 HOMESTEAD Road, Wilmington, DE 19805
MULTI_FAMILY - Other - WILMINGTON, DE
- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 12:06 am
Property Features for 600 HOMESTEAD Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage - Attached
- Appliances
- Refrigerator
- Standard status
- Active
- Size
- 1,575 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2434
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1965
- Number of units
- 1
- Building materials
- Brick, Asbestos
- Architectural style
- Other
Listing agent Michael Hunter License #RB-0002727 (302) 690-4144
Listing office Home Realty 2606 Eastburn Center, DE (302) 266-7544
Listing date Jul 7, 2026
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.
HighLights
- Well‑maintained duplex built in 1965
- End unit with a side yard
- Separate water and electric services for each unit
- Each unit includes a one‑car attached garage
- Forced‑air heating and window A/C units
- Brick construction (asbestos noted)
Overview
The property is located at 600 Homestead Road in Wilmington, Delaware 19805, within New Castle County. The lot size is listed at 0.19 acres.
As a residential income property, this layout can be a practical fit for buyers looking for a duplex arrangement where each side maintains its own utilities and garage. The end-unit design and side yard may also appeal to tenants who value additional outdoor space and separate utility management.
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 | $25.5k | $16.20 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $23.9k | $15.15 |
| − OpEx | −$7.2k | −$4.54 |
| NOI | $16.7k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.573349
- Latitude
- 39.727932
