Two-Unit Duplex with Central
112 East 4th Street New Castle, DE 19720
For Sale
$399,990
Built in 1996, this duplex offers two separate two-bedroom units with central air and separate systems.
Property Size2,150 SF
Price / SF$186.04
Days on Market112
Property Features for 112 East 4th Street
General Information
- Standard status
- Active
- Size
- 2,150 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1996
Listing Agency:
Harrison Properties, Ltd.
(302) 888-2650
Listed By:
Scott R Harrison
(302) 888-2650
Source:
Compass
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 3:48PM
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 Harrison Properties, Ltd.
Investment Insights
Based on property information with market context.
Built in 1996, this duplex includes two separate units in a stand-alone configuration. Unit A features a two-bedroom, one-bath layout with an open living/dining/kitchen plan and a peninsula, plus an oversized mudroom with a separate entrance and in-unit laundry. The bathroom includes a tub, a shower stall, and a long vanity with double sink capability.
Unit B spans multiple levels with two bedrooms and two baths. It has been recently renovated with plank flooring and upgraded finishes, including updated vanity and tilework.
The property also includes separate systems and central air for added convenience between the two units. Located in city limits on a quiet street, it is one block from Delaware Street and close to local dining and shopping options.
Unit B spans multiple levels with two bedrooms and two baths. It has been recently renovated with plank flooring and upgraded finishes, including updated vanity and tilework.
The property also includes separate systems and central air for added convenience between the two units. Located in city limits on a quiet street, it is one block from Delaware Street and close to local dining and shopping options.
Key Highlights
- Duplex built in 1996 with two separate 2‑bedroom units (Unit A and Unit B).
- Separate systems and central air for each unit.
- Unit A: 2BR/1BA with an open living/dining/kitchen plan and oversized mudroom with separate entrance plus in‑apartment laundry.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.8k | $16.20 |
| − Vacancy | −$2.3k | −$1.05 |
| EGI | $32.6k | $15.15 |
| − OpEx | −$9.8k | −$4.54 |
| NOI | $22.8k | $10.60 |
2,150 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $379.9K
NOI $22,796 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$290.9K
$254.6K – $339.4K
NOI $20,365 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$514.3K
$450.0K – $600.0K
NOI $35,998 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in 1996, this duplex offers two separate two-bedroom units with central air and separate systems.
Where is this duplex located?
The property is located at 112 East 4th Street New Castle, DE.
What is the asking price?
The asking price for this property is $399,990.
What are key features of this property?
This property features: Duplex built in 1996 with two separate 2‑bedroom units (Unit A and Unit B).; Separate systems and central air for each unit.; Unit A: 2BR/1BA with an open living/dining/kitchen plan and oversized mudroom with separate entrance plus in‑apartment laundry.
