Two-Bedroom Residential Income
For Sale
$125,000
1025 N MADISON STREET Unit 109, Wilmington, DE 19801
An open living and dining arrangement connects the main shared areas of this Wilmington condominium.
Property Size1,000 SF
Price / SF$125
Days on Market174
Property Features for 1025 N MADISON STREET Unit 109
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,162
Amenities
central air conditioning
forced-air heating
covered parking
Building Details
Building Size
1,000 SF
Year Built
1988
Listing Agency:
Empower Real Estate, LLC
Listed By:
Marc Pollak · License #RS-0025450
(302) 464-8880
Source:
Harrisonpropertiesltd
Added: May 11
Changed: Oct 28
Last Checked: Oct 26 at 3:23PM
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 Empower Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 1988, this Wilmington condominium contains 1,000 square feet with two bedrooms and one bathroom. The living and dining spaces share an open arrangement, while the kitchen is equipped with electric appliances and cabinet storage. Central air conditioning and forced-air heat serve the home, and covered parking is included.
The property is at 1025 N Madison Street, Unit 109, in Wilmington, Delaware. Shopping, dining, parks, schools, and public transportation are accessible nearby.
The property is at 1025 N Madison Street, Unit 109, in Wilmington, Delaware. Shopping, dining, parks, schools, and public transportation are accessible nearby.
Key Highlights
- 1,000‑square‑foot condominium with two bedrooms and one bathroom
- Open living and dining areas
- Kitchen with electric appliances and cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,472
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,440
$189.4K
Cap Rate 7%
$135,314
$135.3K
Cap Rate 9%
$105,244
$105.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.4K $18.36/SF
− Vacancy
−$1.1K −$1.14/SF
EGI
$17.2K $17.22/SF
− OpEx
−$7.7K −$7.75/SF
NOI
$9.5K $9.47/SF
Area
New Castle County, DE
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,440
Cap Rate 7%
$135,314
Cap Rate 9%
$105,244
Alternative Uses
Best Use
Apartment 5plus
$135.3K
$118.4K – $157.9K
NOI $9,472 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.2K
$209.3K – $279.1K
NOI $16,743 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,717
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - An open living and dining arrangement connects the main shared areas of this Wilmington condominium.
Where is this residential income property located?
The property is located at 1025 N MADISON STREET Unit 109 Wilmington, DE.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,000‑square‑foot condominium with two bedrooms and one bathroom; Open living and dining areas; Kitchen with electric appliances and cabinet storage
