Updated Duplex with Historic
For Sale
$299,000
Pending
1014 N ADAMS STREET, Wilmington, DE 19801
Two residential units offer matching bedroom and bath layouts with updated interiors in Wilmington’s Trinity Vicinity.
Property Size1,425 SF
Days on Market64
Property Features for 1014 N ADAMS STREET
General Information
Standard status
Pending
Size
1,425 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1880
Listing Agency:
Crown Homes Real Estate
(302) 504-6147
Listed By:
Corey J Harris · License #RS-0023712
(302) 729-2881
Source:
Cummingsrealtors
Added: Aug 13
Changed: Oct 15
Last Checked: Oct 14 at 11:22PM
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 Crown Homes Real Estate
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with two bedrooms and one full bathroom. The interiors have been updated while retaining character associated with the property’s 1880 construction. With 1,425 square feet, the building presents a defined two-unit configuration for residential income use.
The property is located in Wilmington’s Trinity Vicinity at 1014 N Adams Street. Public transportation is nearby, and the property also offers access to I-95, connecting the site with the surrounding Wilmington area.
The property is located in Wilmington’s Trinity Vicinity at 1014 N Adams Street. Public transportation is nearby, and the property also offers access to I-95, connecting the site with the surrounding Wilmington area.
Key Highlights
- Two‑unit duplex configuration
- Each unit includes 2 bedrooms and 1 full bathroom
- 1,425 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,109
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,180
$302.2K
Cap Rate 7%
$215,843
$215.8K
Cap Rate 9%
$167,878
$167.9K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$23.1K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$21.6K $15.15/SF
− OpEx
−$6.5K −$4.54/SF
NOI
$15.1K $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%
$302,180
Cap Rate 7%
$215,843
Cap Rate 9%
$167,878
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.9K – $251.8K
NOI $15,109 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$192.8K
$168.7K – $225.0K
NOI $13,497 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$340.8K
$298.2K – $397.7K
NOI $23,859 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 offer matching bedroom and bath layouts with updated interiors in Wilmington’s Trinity Vicinity.
Where is this duplex located?
The property is located at 1014 N ADAMS STREET Wilmington, DE.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each unit includes 2 bedrooms and 1 full bathroom; 1,425 square feet of property size
