Triplex with Renovated Upper
New
For Sale
$595,000
101 E 35TH Street, Wilmington, DE 19802
Multi-Family, WILMINGTON, DE
Property Size2,800 SF
Lot Size0.11 Acres
Price / SF$212.50
Days on Market3
Property Features for 101 E 35TH Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Fireplace
1
Appliances
Built-In Range, Built-In Microwave, Dishwasher, Disposal, Dryer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, ENERGY STAR Clothes Washer, Intercom, Oven/Range - Gas, Water Heater - High-Efficiency, Energy Efficient Appliances
Elementary school
CARRCROFT
Middle school
SPRINGER
High school
BRANDYWINE
Elementary school district
BRANDYWINE
Middle school district
BRANDYWINE
High school district
BRANDYWINE
Standard status
Active
Size
2,800 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4261
Utilities
Heating system
Hot Water(Heating)
Cooling system
Ductless, Multi Units
Amenities
private deck
private covered front porch
Building Details
Year built
1935
Number of units
3
Building materials
Mixed, Stone, Stucco, Shingle Siding
Architectural style
Colonial
Buildings
1
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(302) 234-1888
Listed By:
Kevin Hobbs · License #372369
(302) 530-3144
Added: Oct 29
Last Checked: Oct 31 at 3:06AM
MLS# DENC2113680
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 detached triplex in Wilmington contains 2,800 square feet across three levels on a 0.11-acre lot. The second- and third-floor apartments have been renovated, are furnished, and each includes a private deck. The first-floor apartment has a covered front porch and is currently leased through March 2027. The building dates to 1935 and has a stone facade, updated roof and siding, gutters, and refreshed landscaping.
Ductless mini-split systems provide air conditioning and supplemental heat throughout the levels, alongside natural gas radiator heat. On-street parking is available. The property includes a mix of appliances, including a built-in range, microwave, dishwasher, and laundry equipment.
Ductless mini-split systems provide air conditioning and supplemental heat throughout the levels, alongside natural gas radiator heat. On-street parking is available. The property includes a mix of appliances, including a built-in range, microwave, dishwasher, and laundry equipment.
Key Highlights
- 2,800 square feet across three levels
- 0.11‑acre lot
- Built in 1935
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.
How Realmo checks its estimates
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-level rental property with updated building features, private decks, and a tenant-occupied ground-floor residence.
Where is this triplex located?
The property is located at 101 E 35TH Street 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: 2,800 square feet across three levels; 0.11‑acre lot; Built in 1935
