Two-Unit Duplex with Separate
For Sale
$950,000
1001 & 1003 W 8th St. W 8TH Street, Wilmington, DE 19806
Multi-Family, WILMINGTON, DE
Property Size4,350 SF
Lot Size0.11 Acres
Price / SF$218.39
Days on Market197
Property Features for 1001 & 1003 W 8th St. W 8TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
4
Parking features
Driveway, On Street
Elementary school district
RED CLAY CONSOLIDATED
Middle school district
RED CLAY CONSOLIDATED
High school district
RED CLAY CONSOLIDATED
Standard status
Active
Size
4,350 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
8065
Utilities
Heating system
Heat Pump (Heating), Electric (Heating), Forced Air, Hot Water(Heating), Baseboard
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1889
Number of units
2
Building materials
Brick
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 18
Changed: Oct 24
Last Checked: Oct 31 at 1:06AM
MLS# DENC2099036
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.
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Investment Insights
Based on property information with market context.
This 4,350-square-foot duplex contains two residences in a twin structure, each with its own entrance. One unit has four bedrooms and the other has five; both connect to a shared basement. The brick Colonial was built in 1889 and sits on a 0.1133-acre lot. Central air and ceiling fans are listed, along with driveway and on-street parking.
The property is in Wilmington’s Westside, with highways, educational facilities, and places of worship identified nearby. Trolley Square, Union Street, and the downtown Central Business District are also noted in the surrounding area.
The property is in Wilmington’s Westside, with highways, educational facilities, and places of worship identified nearby. Trolley Square, Union Street, and the downtown Central Business District are also noted in the surrounding area.
Key Highlights
- Two residences with separate entrances
- 4,350 square feet on a 0.1133‑acre lot
- One unit has four bedrooms; the other has five
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,123
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,460
$922.5K
Cap Rate 7%
$658,900
$658.9K
Cap Rate 9%
$512,478
$512.5K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$70.5K $16.20/SF
− Vacancy
−$4.6K −$1.05/SF
EGI
$65.9K $15.15/SF
− OpEx
−$19.8K −$4.54/SF
NOI
$46.1K $10.60/SF
Area
New Castle 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%
$922,460
Cap Rate 7%
$658,900
Cap Rate 9%
$512,478
Alternative Uses
Best Use
Multifamily LT 5
$658.9K
$576.5K – $768.7K
NOI $46,123 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$588.6K
$515.0K – $686.7K
NOI $41,203 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.04M
$910.4K – $1.21M
NOI $72,834 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,639
Businesses Nearby
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Business Placement
Demographics for 19806, DE
10,083
Population
6,638
Households
1.5
Avg Household Size
45
Median Age
71%
College-Educated
98%
High-School Grad
1.7 sq mi
ZIP Area
5,931
Density / Sq Mi
$86,240
Median Household Income
$76,246
Median Earnings
$1,329
Median Rent
$370,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The paired residences share a basement and include off-street parking.
Where is this duplex located?
The property is located at 1001 & 1003 W 8th St. W 8TH Street Wilmington, DE.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two residences with separate entrances; 4,350 square feet on a 0.1133‑acre lot; One unit has four bedrooms; the other has five
