Triplex with Three 2BR
600 W 5TH Street Wilmington, DE 19801
600 W 5TH Street, Wilmington, DE, 19801
$350,000
For Sale
$350,000
MULTI_FAMILY - WILMINGTON, DE
Property Size2,775 SF
Lot Size0.04 Acres
Price / SF$126.13
Days on Market14
Property Features for 600 W 5TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Sprinkler System
- Standard status
- Active
- Size
- 2,775 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2715
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1890
- Number of units
- 3
- Building materials
- Brick
Listing agency
Home Realty
(302) 266-7544
Listed by
Michael Hunter · License #RB-0002727
(302) 690-4144
Added: Jul 9 Updated: Jul 13 at 3:19PM Checked: Jul 22 at 8:06PM
MLS# DENC2106736
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 for-sale triplex includes three 2-bedroom, 1-bath units. Each unit has its own separate gas hot water and electric services, with separate utility systems throughout the building. The property is additionally described as having a central sprinkler system and hard-wired smoke and carbon dioxide detectors.
The home is located in Wilmington, within walking distance to Downtown Wilmington, the business district, and the Wilmington Riverfront. The listing also notes that the City of Wilmington business license is current for the rental units, and that security deposits are held in escrow.
A garage is described as being rented separately. The listing states the security deposits are in escrow and that utilities are separately metered or served for each unit.
The home is located in Wilmington, within walking distance to Downtown Wilmington, the business district, and the Wilmington Riverfront. The listing also notes that the City of Wilmington business license is current for the rental units, and that security deposits are held in escrow.
A garage is described as being rented separately. The listing states the security deposits are in escrow and that utilities are separately metered or served for each unit.
Key Highlights
- 3‑unit building with three 2‑bedroom, 1‑bath units
- Rents listed at $1,200 per unit (total $3,600/month), plus a garage rented for $150/month (~$45,000/yr)
- Separate gas hot water and electric services for each unit with utilities on separate systems
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 | $45.0k | $16.20 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $42.0k | $15.15 |
| − OpEx | −$12.6k | −$4.54 |
| NOI | $29.4k | $10.60 |
2,775 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.3K
$367.8K – $490.4K
NOI $29,423 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$375.5K
$328.6K – $438.1K
NOI $26,285 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,463 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex offers three separate 2-bedroom, 1-bath units with separate utilities for each unit.
Where is this triplex located?
The property is located at 600 W 5TH Street Wilmington, DE.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3‑unit building with three 2‑bedroom, 1‑bath units; Rents listed at $1,200 per unit (total $3,600/month), plus a garage rented for $150/month (~$45,000/yr); Separate gas hot water and electric services for each unit with utilities on separate systems
