Triplex with Private
101 E 35th St, Wilmington, DE 19802
For Sale
$595,000
The two upper apartments are renovated and furnished, with a deck serving each unit.
Property Size2,800 SF
Price / SF$212.50
Days on Market11
Property Features for 101 E 35th St
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Gross Income
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Kevin Hobbs · License #372369
(302) 530-3144
Source:
Viewmarylandhomesforsale
Added: Oct 28
Changed: Nov 5
Last Checked: Nov 6 at 9:21AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1935, this detached Wilmington triplex has three residential levels. Both upper apartments have been renovated, furnished, and fitted with private decks. The first-floor residence includes a covered front porch and remains occupied under a lease that runs through March 2027.
Property improvements include roof and siding work, a stone façade, gutters, landscaping, and mini-split systems for supplemental heating and cooling. All three apartments also have natural gas radiator heat. The property is generating rental income, and future possession of the first-floor unit is subject to the lease and applicable tenant rights.
Property improvements include roof and siding work, a stone façade, gutters, landscaping, and mini-split systems for supplemental heating and cooling. All three apartments also have natural gas radiator heat. The property is generating rental income, and future possession of the first-floor unit is subject to the lease and applicable tenant rights.
Key Highlights
- Detached 3‑level triplex built in 1935
- Renovated, furnished upper apartments, each with a private deck
- First‑floor unit has a covered front porch and a lease ending March 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,688
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
$593.8K
Cap Rate 7%
$424,114
$424.1K
Cap Rate 9%
$329,867
$329.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$45.4K $16.20/SF
− Vacancy
−$2.9K −$1.05/SF
EGI
$42.4K $15.15/SF
− OpEx
−$12.7K −$4.54/SF
NOI
$29.7K $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%
$593,760
Cap Rate 7%
$424,114
Cap Rate 9%
$329,867
Alternative Uses
Best Use
Multifamily LT 5
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$378.9K
$331.5K – $442.0K
NOI $26,521 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$669.7K
$586.0K – $781.4K
NOI $46,881 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
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Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Wilmington, DE
Properties on Market for Triplexes in Wilmington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The two upper apartments are renovated and furnished, with a deck serving each unit.
Where is this triplex located?
The property is located at 101 E 35th St Wilmington, DE.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Detached 3‑level triplex built in 1935; Renovated, furnished upper apartments, each with a private deck; First‑floor unit has a covered front porch and a lease ending March 2027
