Trinity Vicinity Triplex in
801 W 9TH Street Wilmington, DE 19801
801 W 9TH Street, Wilmington, DE, 19801
$395,000
For Sale
$395,000
MULTI_FAMILY - Colonial - WILMINGTON, DE
Property Size2,875 SF
Lot Size0.03 Acres
Price / SF$137.39
Days on Market106
Property Features for 801 W 9TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking features
- On Street
- Interior features
- Bathroom - Tub Shower, Carpet, Dining Area, Floor Plan - Traditional
- Appliances
- Oven/Range - Gas, Refrigerator
- Standard status
- Active
- Size
- 2,875 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2260
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick, Stucco
- 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: Apr 8 Updated: Jul 13 at 10:48AM Checked: Jul 22 at 2:06PM
MLS# DENC2094808
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.
Located in the Trinity Vicinity of Wilmington, this corner triplex building features colonial architectural style. The property contains three 2-bedroom apartments with modern floorplans. The building was fully rebuilt approximately 15 years ago. Each unit has separate HVAC systems with central air, hot water tanks, and electric panels, plus an additional electric panel for the common area. There are also separate gas meters. The main floor has two private exterior entrances, while the second and third floor units are accessed via an interior stair system with an exterior fire escape. The building's exterior features brick covered in stucco and a brick paver sidewalk with granite curbs. The property is located within walking distance of parks, places of worship, educational facilities, employment centers, and nightlife on Market Street. The property is suited for investors looking to expand or establish a portfolio.
Key Highlights
- Three separate 2‑bedroom apartments, ideal for investment and rental income.
- Fully rebuilt within the last 15 years with modern, separate mechanical systems (HVAC, hot water, electric, gas).
- Excellent location: walking distance to parks, places of worship, schools, employment, and Market St. nightlife.
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 | $46.6k | $16.20 |
| − Vacancy | −$3.0k | −$1.05 |
| EGI | $43.5k | $15.15 |
| − OpEx | −$13.1k | −$4.54 |
| NOI | $30.5k | $10.60 |
2,875 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.5K
$381.0K – $508.1K
NOI $30,483 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$389.0K
$340.4K – $453.9K
NOI $27,232 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$687.7K
$601.7K – $802.3K
NOI $48,137 @ 7.0% cap · market cap 12.19%
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 - Three 2-bedroom apartments in a vibrant, walkable Wilmington neighborhood.
Where is this triplex located?
The property is located at 801 W 9TH Street Wilmington, DE.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three separate 2‑bedroom apartments, ideal for investment and rental income.; Fully rebuilt within the last 15 years with modern, separate mechanical systems (HVAC, hot water, electric, gas).; Excellent location: walking distance to parks, places of worship, schools, employment, and Market St. nightlife.
