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    620 Concord Ave Wilmington, DE 19802

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    For Sale
    $115,000

    Multi-unit property with renovation potential in Wilmington, being sold as-is.

    Lot size:
    0.06 Acres

    Property Features for 620 Concord Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1926

    Source: Century 21 Gold Key Realty Agent CJ Farris Jones

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Unit Property with Investor Potential

    This multi-unit property features a 2-bedroom, 1-bath unit on the second floor and a 1-bedroom, 1-bath unit on the first floor. The property requires major repairs but is structurally sound. The first-floor tenant is currently on a month-to-month lease, and 24 hours' notice is required for showings. The property is being sold strictly as-is, without any expressed or implied warranties. This property presents an investor alert with plenty of potential.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5423326
    Latitude
    39.7598863

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    FAQs

    What type of property is this?
    Duplex - Multi-unit property with renovation potential in Wilmington, being sold as-is.
    Where is this duplex located?
    The property is located at 620 Concord Ave Wilmington, DE.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Multi-unit property featuring a 2-bedroom and a 1-bedroom unit.; - Investment opportunity with potential for significant value increase after repairs. Comparable sales in the neighborhood range from 245K-415K.; - Existing tenant in the 1-bedroom unit provides immediate rental income.
    (267) 902-2886
    Request Owner's contact information
    620 Concord Ave Wilmington, DE 19802
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    Wilmington, DE 19802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    620 Concord Ave Wilmington, DE 19802
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