Renovated Duplex
For Sale
$395,000
10 E Church St, Selbyville, DE 19975
Two residential units feature practical layouts, natural light, and updated building systems.
Property Size1,054 SF
Price / SF$374.76
Days on Market55
Property Features for 10 E Church St
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1904
Year Renovated
1993
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Alexander Piela · License #RS-0025714
(410) 289-2539
Source:
Griffinhigginsteam
Added: Aug 22
Changed: Oct 7
Last Checked: Oct 7 at 1:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices PenFed Realty
Investment Insights
Based on property information with market context.
This duplex contains two rental residences with distinct bedroom configurations: one offers 3 bedrooms and 1.5 baths, while the other includes 2 bedrooms and 1.5 baths. Both units are described as functional and naturally lit, with practical tenant space.
A substantial renovation completed in 1993 reached the interior studs and addressed the plumbing, electrical systems, drywall, windows, and roof. The property is located at 10 E Church St in Selbyville, Delaware.
A substantial renovation completed in 1993 reached the interior studs and addressed the plumbing, electrical systems, drywall, windows, and roof. The property is located at 10 E Church St in Selbyville, Delaware.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 2‑bedroom residences
- Both units include 1.5 baths
- Major 1993 renovation reached the interior studs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,175
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,500
$223.5K
Cap Rate 7%
$159,643
$159.6K
Cap Rate 9%
$124,167
$124.2K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$17.1K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$16.0K $15.15/SF
− OpEx
−$4.8K −$4.54/SF
NOI
$11.2K $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 Rate 5%
$223,500
Cap Rate 7%
$159,643
Cap Rate 9%
$124,167
Alternative Uses
Best Use
Multifamily LT 5
$159.6K
$139.7K – $186.3K
NOI $11,175 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$147.9K
$129.4K – $172.6K
NOI $10,354 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$289.6K
$253.4K – $337.9K
NOI $20,275 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 19975, DE
10,476
Population
8,890
Households
1.2
Avg Household Size
60
Median Age
39%
College-Educated
94%
High-School Grad
25.5 sq mi
ZIP Area
411
Density / Sq Mi
$86,063
Median Household Income
$41,090
Median Earnings
$1,098
Median Rent
$430,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature practical layouts, natural light, and updated building systems.
Where is this duplex located?
The property is located at 10 E Church St Selbyville, 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: Two‑unit duplex with 3‑bedroom and 2‑bedroom residences; Both units include 1.5 baths; Major 1993 renovation reached the interior studs
